Day: July 2, 2026

K-Solar, China’s Mingyang sign MoU to bring advanced wind energy and BESS solutions to Pakistan

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New-Project209

KARACHI, JULY 2, 2026: K-Solar (Private) Limited, a wholly owned subsidiary of K-Electric’s investment arm KE Ventures Company (Pvt) Limited, and Mingyang Smart Energy Group Limited, one of the world’s largest wind turbine manufacturer and a major global supplier of utility-scale and industrial Battery Energy Storage Systems (BESS), have signed an agreement to bring Mingyang’s solutions to the local industry in Pakistan. Under the memorandum of understanding (MoU), K-Solar and Mingyang will partner to market, supply and finance wind power projects and BESS for grids and commercial and industrial sectors…

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Chinese Group Proposes Major Investment in Pakistan’s Energy Sector; Federal Minister Welcomes Expanded Pakistan-China Energy Partnership

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chinese

Islamabad, July 2, 2026 Federal Minister for Petroleum, Ali Pervaiz Malik, held a meeting with Hou Jianxin, Chairman of Shandong Xinxu Group Corporation, China, to discuss expanding cooperation and investment opportunities in Pakistan’s energy sector. During the meeting, Mr. Hou Jianxin expressed his company’s strong interest in investing across Pakistan’s energy value chain and proposed a long-term strategic partnership. He stated that Shandong Xinxu Group possesses advanced technologies and expertise in upstream oil and gas operations, including field optimization, drilling services, and production enhancement, and is keen to collaborate in…

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OICCI Members Invest Rs15 Billion in CSR Initiatives, Benefiting 44 Million Pakistanis

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New-OICCI

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI), representing nearly 200 of Pakistan’s largest foreign investors, has launched its Corporate Social Responsibility (CSR) Report 2025, highlighting a significant increase in corporate investment towards social and community development across the country. According to the report, OICCI member companies collectively invested Rs15 billion in CSR initiatives during FY2024-25, reflecting a 10% increase over the previous year. These initiatives directly benefited more than 44 million people nationwide. A major portion of the spending—Rs4.5 billion—was dedicated to flood relief, rehabilitation, and recovery…

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Oil Refineries Oppose Retrospective Cut in HSD Deemed Duty

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Refinery-Upgrades

ISLAMABAD: Pakistan’s four major oil refineries have strongly opposed the government’s proposal to retrospectively reduce the deemed duty on high-speed diesel (HSD), arguing that such a move would unfairly penalize the industry for delays caused by the government’s own failure to implement the Pakistan Oil Refining Policy for Upgradation of Existing (Brownfield) Refineries 2023. In a joint representation submitted to the Secretary, Petroleum Division, following a meeting chaired by the Minister for Energy (Petroleum Division) on June 23, the chief executives of Attock Refinery Limited (ARL), National Refinery Limited (NRL),…

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NEPRA Approves Salary Increase, Limited Bonuses for CPPA-G Employees

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Nepra-KE-1

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved a salary increase, performance increments, and limited employee bonuses for the Central Power Purchasing Agency (Guarantee) Limited (CPPA-G) for the fiscal year 2025-26, while significantly trimming several of the company’s proposed operational and administrative expenditures. The decision was issued as part of NEPRA’s determination on the CPPA-G Market Operation Fee for FY2025-26. The agency had sought approval for a market operation fee of Rs14.67 per kW per month, including prior-year and miscellaneous adjustments, along with a net revenue requirement of…

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