Day: March 13, 2026

Pakistan can transit to clean electricity by 2040: study

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New-Project17

LAHORE:A new technical study by the LUMS Energy Institute (LEI) concludes that Pakistan can transition to a clean and largely fossil-free electricity system by 2040 while maintaining affordability, reliability, and energy security.The report, titled “The Net Zero Transition: A Pathway to Clean and Sustainable Electricity by 2040”, is based on detailed power system modelling, demand projections, generation optimisation, and transmission analysis.It shows that fossil fuel generation, currently nearly half of electricity output, could fall below one percent by 2040 through renewable energy expansion, energy storage deployment, and grid modernisation.

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BS-17 engineer made Rs40bn KP solar project director against BS-19 slot

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solar-Project

PESHAWAR: Serious irregularities and violations of rules have been alleged in the appointment of Project Director for the Rs40 billion solar project in Khyber Pakhtunkhwa.According to a notification issued on March 12, the Khyber Pakhtunkhwa Energy Development Organization (PEDO) appointed a Grade-17 officer as Project Director. The appointment of a BS-17 officer to a post designated for a BS-19 officer has raised several questions, especially as the PC-I of the projects has not yet been approved.Sources claim that the position of Project Director is meant for a BS-19 officer, whereas…

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Pakistan turns Hormuz crisis into maritime opportunity

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security, Karachi Port is simultaneously turning the regional shipping crisis into a strategic opportunity, recording a notable rise in transshipment cargo handling as international shipping lines increasingly reroute operations away from disrupted Middle Eastern corridors. Two transshipment vessels were berthed simultaneously at Karachi Port, highlighting the port’s growing regional relevance. M/V CGLA Ocean Breeze 1 docked at the Karachi International Container Terminal (KICT), while M/V GFS Jade berthed at the Karachi Gateway Terminal Limited (KGTL). Both vessels are discharging transshipment containers destined for various ports across the Middle East. Story…

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Oil Market becomes hostage to Iran War

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Israel-Iran

TEHRAN / WASHINGTON: Oil prices rose back above $100 and stocks sank Thursday as Iran’s attempts to hit supplies in the Middle East and bring down the global economy overshadowed a record release of strategic crude reserves by the International Energy Agency.But US President Donald Trump insis­ted that stopping Iran developing nuclear weapons was “of far greater interest and importance to me” than controlling oil prices.“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” he wrote…

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Pakistan Banned Export of Petroleum Products, Eyes Price Freeze Amid Global Hike

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New-Petrol

ISLAMABAD: The government has banned the export of all petroleum products and is considering holding back any immediate increase in petroleum prices, despite continued upward movement in the global market.Instead, it plans to draw on a Rs389 billion ‘emergency fund’ to absorb future price shocks.The decision comes after the latest estimates, based on existing tax rates and pricing formula, suggest that the price of high-speed diesel (HSD) going up by Rs56 per litre and that of petrol by Rs41. Petrol and HSD are currently sold on the higher side of…

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