Day: August 21, 2026

*Strong Investor Interest received for GEPCO Privatisation*

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Power-Tariff

*Strong Investor Interest received for GEPCO Privatisation* DISCOs privatisation has achieved another milestone with strong investor interest in GEPCO The Privatisation Commission (PC) has received an overwhelming response from domestic and international investors for the privatisation of Gujranwala Electric Power Company (GEPCO). Today on the closing date for submission of Expressions of Interest (EOIs), the Commission has received EOIs from eleven (11) prospective investors seeking to acquire 51% to 100% shareholding in GEPCO together with management control. The names of interested parties are as follows: 1. Aktor Elektrik Enerji Yatırımları…

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Federal Government’s Fuel Bill Surges 190% in Five Years

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New-Project38

Federal Government’s Fuel Bill Surges 190% in Five Years The federal government’s expenditure on fuel surged by around 190 percent over the past five years, increasing from Rs. 7.52 billion in FY2020-21 to Rs. 21.77 billion in FY2024-25. According to a document presented before Parliament, fuel expenditure by federal ministries, departments and attached institutions rose steadily during the period, with the government attributing the increase primarily to higher fuel prices. Fuel spending stood at Rs. 7.52 billion in FY2020-21, rising to Rs. 8.35 billion in FY2021-22. It then nearly doubled…

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Master Changan to Introduce NEVO in Pakistan, Expanding Global Brand Portfolio

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New-Project37

Master Changan to Introduce NEVO in Pakistan, Expanding Global Brand Portfolio KARACHI: Master Changan Motors Limited (MCML) is preparing to introduce CHANGAN NEVO in Pakistan, marking the next step in the company’s strategy to bring Changan’s global multi-brand portfolio to the local automotive market. The move follows the successful introduction of DEEPAL and the locally assembled S05 REEV, further expanding Master Changan’s presence in Pakistan’s rapidly evolving new-energy vehicle segment. Master Changan said its growth in recent years has provided the platform for the next phase of expansion. In 2025,…

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HBL, Pakistan Cables, BCEM and OES Sign 7.5MW Wind Power Project

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New-Project36

HBL, Pakistan Cables, BCEM and OES Sign 7.5MW Wind Power Project KARACHI: Habib Bank Limited (HBL), Burj Clean Energy Modaraba (BCEM), Pakistan Cables Limited and Orient Energy Systems (OES) have completed the financing and signing of agreements for a 7.5MW wind power project that will supply renewable energy to Pakistan Cables’ factory in Nooriabad, Sindh. The project marks another step towards accelerating the adoption of renewable energy in Pakistan’s industrial sector, while helping businesses reduce energy costs, emissions and dependence on conventional power sources. Under an Ijarah agreement, BCEM will…

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Pakistan Refineries Approved to Export 185,000 Tonnes of Fuel Oil in August

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New-refinery

Pakistan Refineries Approved to Export 185,000 Tonnes of Fuel Oil in August KARACHI: Pakistan’s oil refineries have received regulatory approval to export around 185,000 metric tonnes of fuel oil in August, while maintaining strategic reserves to meet the requirements of the domestic power generation sector, according to notifications issued by the Oil and Gas Regulatory Authority (OGRA). Under separate approvals dated August 12, Pak-Arab Refinery Company (PARCO) has been permitted to export 50,000 tonnes, Cnergyico Pk. Ltd. 45,000 tonnes, Pakistan Refinery Ltd. (PRL) 40,000 tonnes and National Refinery Ltd. (NRL)…

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