Day: June 23, 2026

Pakistan to Save Over USD 3.239 Billion Through Historic Shift from Imported to Thar Coal at Jamshoro Power Plant

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coal-plants

Islamabad, 23 June 2026 Bankable Feasibility Study Confirms Conversion is Technically Feasible, Economically Beneficial and Environmentally Manageable Pakistan is poised to save USD 3.239 billion over the next 26 years — and USD 2.113 billion in foreign currency alone — by converting the Jamshoro Unit-01 power plant from imported coal to 100% indigenous Thar lignite. A world-class Bankable Feasibility Study (BFS), prepared by Dornier Group and EY Parthenon and presented today to Federal Minister for Power Sardar Awais Ahmed Khan Leghari, confirms that this transformation is not only technically feasible…

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Expresses Grave Concern Over Wind Power Curtailment__Atif Ikram Sheikh, President FPCCI

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FPCCI-Project

Karachi: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has expressed grave concern over the escalating curtailment of wind power plants in the Gharo-Jhimpir corridor. Atif Ikram Sheikh, President FPCCI, stated that the Central Standing Committee on Renewable Energy, chaired by Convener Fawad Jawed, has termed the ongoing grid failures a direct threat to Pakistan’s energy security and investment climate. “This infrastructural failure is costing the national exchequer billions, pushing green energy investors toward bankruptcy, and forcing consumers already burdened by inflation to pay for expensive imported fuel,”…

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News Analysis: Why oil prices refuse to return to pre-war levels despite Islamabad MoU

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oil

ISLAMABAD: When the US and Iran signed the Islamabad Memorandum of Understanding (MoU), financial markets initially celebrated what appeared to be the end of the most dangerous Middle Eastern conflict in decades. Yet one thing has puzzled investors, governments and consumers alike. If the war is over, why have oil prices not collapsed back to the $65-70 per barrel range that prevailed before hostilities erupted? The answer lies in a simple but often overlooked fact. While the Islamabad MoU has significantly reduced geopolitical risk, it has not restored the vast…

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Iranian President Pezeshkian Arrives in Pakistan on Official Visit

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New-Project190

ISLAMABAD: Iranian President Masoud Pezeshkian arrived in Islamabad on Tuesday on a two-day official visit at the invitation of Prime Minister Shehbaz Sharif, accompanied by Iranian Foreign Minister Abbas Araghchi and a high-level delegation. President Pezeshkian and Foreign Minister Araghchi arrived in separate aircraft, with the Iranian president flying directly from Tehran while Araghchi arrived from Oman following recent diplomatic engagements. Upon arrival at Nur Khan Airbase, President Pezeshkian was warmly received by President Asif Ali Zardari, Prime Minister Shehbaz Sharif, Deputy Prime Minister and Foreign Minister Ishaq Dar, Interior…

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Mari Energies Commences 30 MMscfd Gas Supply to SNGPL from Shams-1

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Mari-Energies

ISLAMABAD, June 23, 2026 – Mari Energies Limited has officially commenced natural gas supply of up to 30 million standard cubic feet per day (MMscfd) to Sui Northern Gas Pipelines Limited (SNGPL). The supply, which took effect on June 19, 2026, is being executed under an Extended Well Testing (EWT) framework following formal approval from the federal government. The gas injection originates from the landmark Shams-1 discovery well, situated within the Mari Development and Production Lease (D&PL) in Daharki, Sindh Province. Mari Energies operates the field as the sole stakeholder…

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