Day: April 18, 2026

ISLAMABAD: Oil and Gas Development Company Limited (OGDC) has achieved a significant milestone by exceeding 40,000 barrels of oil per day (BOPD) for the first time in over six and a half years, marking a turnaround after a prolonged period of declining output. The announcement was made by Managing Director and CEO Ahmed Hayat Lak, who termed the achievement a reflection of the company’s resilience, technical expertise, and strong organisational commitment. OGDC officials attributed the recovery to sustained technical interventions, improved reservoir management, and enhanced coordination between operational and support…

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KARACHI: Pakistan’s total electricity generation rose 6% year-on-year (YoY) to 8,939 GWh in March 2026, compared to 8,409 GWh in the same month last year, reflecting improved demand and a shifting energy mix. On a month-on-month (MoM) basis, generation jumped 16% from 7,696 GWh in February, driven largely by seasonal factors and higher consumption. The increase was led by strong growth in hydropower and imported coal-based generation. Hydel output surged 62% YoY to 2,105 GWh, raising its share in the energy mix to 23.5% from 15.4% a year earlier. Imported…

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LAHORE: Former caretaker commerce minister Gohar Ejaz has attributed Pakistan’s ongoing power crisis to systemic governance and management failures, rather than a lack of installed generation capacity. In a statement shared on X, Ejaz noted that despite an installed capacity of 46,605 megawatts (MW), the country continues to experience widespread load shedding. Industrial consumers face outages of 2–4 hours, while domestic and commercial users endure up to 16 hours of electricity cuts in some areas. He highlighted a significant gap between capacity and actual supply. At a peak demand of…

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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has disbursed approximately Rs38 billion in Price Differential Claims (PDC) to 34 Oil Marketing Companies (OMCs), in line with the government’s strategy to maintain affordable fuel prices. The disbursement has been carried out under a revised mechanism approved by the federal government, designed to enhance transparency, efficiency, and timely settlement of claims. The framework ensures a structured verification process, enabling quicker release of legitimate dues while maintaining financial discipline across the petroleum supply chain. Ogra reaffirmed its commitment to supporting government efforts…

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ISLAMABAD: A sharp increase in water releases from major reservoirs has significantly boosted hydropower generation, easing pressure on Pakistan’s electricity system and reducing load shedding hours across the country. According to the Power Division, water outflows surged to 30,000 cusecs overnight, compared to just 8,000 cusecs a day earlier. This substantial rise directly translated into higher electricity generation from hydel sources. Hydropower output jumped by 127%, increasing by 2,300 megawatts to reach 4,100 megawatts, up from 1,800 megawatts the previous day. The influx of low-cost electricity improved overall supply and…

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