Day: March 28, 2026

NGC Accelerates Transformation to Strengthen Pakistan’s Power GridNew Operating Model Set to Launch July 1, 2026, Reinforcing Commitment to Efficiency, Accountability, and Reliability

Admin
power-transmission

ISLAMABAD: March 28, 2026 The National Grid Company of Pakistan Limited (NGC) has updated the Ministry of Energy on significant progress in its organization-wide transformation, positioning the company to better serve the country’s evolving power sector needs. Following a briefing to Federal Minister for Power Sardar Awais Ahmad Khan Leghari, NGC confirmed that the initiative—launched in January 2026—remains on schedule, with a new operating model set to go live on July 1, 2026. Government Support for Reform During the briefing, Federal Minister for Power Sardar Awais Ahmad Khan Leghari reiterated…

Read More

Pakistan Joins Global Earth Hour Tonight to Promote Sustainability

Admin
New-Project131

ISLAMABAD: Pakistan will observe the annual Earth Hour tonight, Saturday, under the theme “Give an Hour for Earth”, joining millions worldwide in a symbolic act of environmental awareness. From 8:30 pm to 9:30 pm, citizens, organizations, and public institutions are encouraged to switch off non-essential lights, contributing to the global initiative aimed at promoting energy conservation, climate responsibility, and nature protection. Launched by the World Wide Fund for Nature (WWF) in 2007, Earth Hour has grown into one of the world’s largest grassroots environmental campaigns, now observed in over 190…

Read More

Fuel Crisis Highlights Structural Vulnerabilities, Experts Urge Shift to Clean Energy

Admin
New-energy1

LAHORE: Escalating geopolitical tensions in the Middle East have once again exposed the fragility of Pakistan’s fuel-dependent economy, prompting experts and industry leaders to call for an accelerated transition towards clean and sustainable energy. Concerns have intensified as tensions threaten the strategically vital Strait of Hormuz, a key artery for global oil supplies. Analysts warn that Pakistan’s heavy reliance on imported petroleum is increasingly unsustainable in the face of recurring global shocks. The ongoing crisis has already triggered a ripple effect domestically, with rising fuel prices fueling inflationary pressures and…

Read More

LPG Prices Surge Nationwide Amid Supply Disruptions and Global Market Pressures

Admin
New-LPG

KARACHI: Liquefied Petroleum Gas (LPG) prices have surged sharply across Pakistan, with the national average price rising to Rs3,900–5,135 per 11.67 kg cylinder, compared to Rs3,150–3,968 prior to the Middle East conflict. According to the Pakistan Bureau of Statistics and its Sensitive Price Index (SPI) data for the week ending March 26, the steepest increases were recorded in several cities across Punjab, reflecting widespread market pressure. The surge in LPG prices has already translated into higher fares for LPG-powered private transport, including rickshaws, buses, and minibuses—placing an additional burden on…

Read More

Pakistan, IMF Reach Staff-Level Deal for $1.21bn Disbursement Under EFF, RSF

Admin
New-IMF

ISLAMABAD: Pakistan and the International Monetary Fund have reached a staff-level agreement on the third review of the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF), paving the way for a fresh disbursement of $1.21 billion. According to an IMF statement, the agreement—subject to approval by the Executive Board—will unlock about $1.0 billion (SDR 760 million) under the EFF and $210 million (SDR 154 million) under the RSF. This will bring total disbursements under both programmes to approximately $4.5 billion. The IMF noted…

Read More