Day: September 28, 2026

ISLAMABAD: For anyone looking to acquire a Pakistani power distribution company (Disco), the question is not simply how much the utility is worth—it is how much certainty comes with the investment. While the commercial opportunity is significant, so are the risks. Unlike the Pakistan Steel Mills privatisation process, the Disco privatisation programme has moved at a considerable pace. Expressions of interest (EOIs) for Faisalabad Electric Supply Company (Fesco), Gujranwala Electric Power Company (Gepco) and Islamabad Electric Supply Company (Iesco) have attracted 12, 11 and 10 submissions, respectively. Foreign interest has…

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ISLAMABAD: Attock Refinery Limited (ATRL), a subsidiary of Attock Oil Company Limited, is planning to establish a new 50,000-barrels-per-day (BPD) deep-conversion refinery, subject to the availability of sustainable supplies of local crude from northern fields and necessary government support. The company disclosed the plan in its annual report, highlighting the project as part of its broader strategy to expand capacity and upgrade product quality. “ARL has plans to install a state-of-the-art new deep conversion refinery of 50,000 BPD capacity, if sustainable enhanced supplies of local crude from the North become…

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LAHORE: Petroleum Minister Ali Pervaiz Malik has said the government may continue its petrol subsidy scheme for up to 10 months, if necessary, to provide relief to consumers amid rising pressures on household budgets. Speaking to the media in Lahore on Sunday, Malik said the government was aware of the difficulties being faced by the public and would pass on any reduction in international oil prices to consumers. “The petrol subsidy scheme will be continued for the public if it has to run for 10 months,” he said. According to…

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ISLAMABAD: Formal negotiations between the government and a visiting International Monetary Fund (IMF) staff mission are set to begin today (Monday) for the fourth review of Pakistan’s $7 billion Extended Fund Facility (EFF) and the third review of the Resilience and Sustainability Facility (RSF). According to official sources, the IMF mission, led by Iva Petrova, will remain in Pakistan for nearly two weeks, until the first week of October, to assess progress under both programmes. Pakistan is currently implementing a 37-month IMF programme focused on fiscal discipline, structural reforms and…

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