Day: October 13, 2026

UNDP Report: Pakistan’s Multidimensional Poverty Rate Exceeds India, Bangladesh

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New-Project47

WASHINGTON: More than one-third of Pakistan’s population faces overlapping deprivations in health, education and living standards, with the country’s multidimensional poverty rate significantly higher than those of India and Bangladesh, according to the United Nations Development Programme (UNDP). The latest Multidimensional Poverty Index (MPI), released on Monday, estimates that 38.3 per cent of Pakistan’s population lives in multidimensional poverty, compared with 16.4pc in India and 14.9pc in Bangladesh. The estimates are based on household surveys conducted in different years and therefore do not represent a strictly contemporaneous comparison. In Pakistan,…

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Total Energies Expands US Joint Venture with KKR, Adds 700MW Renewables Portfolio

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Total-Energies

PARIS: TotalEnergies has announced the expansion of its joint venture with global investment firm KKR in the United States through the addition of a 700-megawatt (MW) renewable energy portfolio. The transaction values the portfolio at an enterprise value of $1.20 billion, according to the company. TotalEnergies will continue to operate the renewable energy assets following the completion of the transaction. The expansion strengthens the companies’ existing partnership in the US renewable energy sector, although further details regarding the portfolio’s composition and the transaction’s completion timeline were not provided in the…

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Saudi Arabia Eyes Raising Pipeline Oil Export Capacity to 10 Million BPD

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New-Project45

DUBAI: Saudi Arabia is planning to increase its pipeline crude oil export capacity to as much as 10 million barrels per day (bpd) by repurposing a domestic gas pipeline and upgrading its existing East-West oil pipeline network, Energy Minister Prince Abdulaziz bin Salman said on Monday. The kingdom could add up to 1.2 million bpd of export capacity within seven to eight weeks by temporarily converting a gas pipeline to transport crude oil, the minister said at the World Petroleum Congress in Riyadh. With further investment, the additional capacity could…

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LDPL Seeks Urgent Gas Restoration for 235MW Power Plant

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gas-project

ISLAMABAD: Liberty Daharki Power Limited (LDPL) has urged the government to intervene urgently to restore raw gas supplies to its 235-megawatt (MW) power plant, warning that the prolonged shutdown could increase electricity generation costs or lead to load-shedding. In a letter to the relevant authorities, LDPL Chairman Mujahid Pervaz Chattha sought an urgent meeting to resolve a dispute over outstanding dues and restore supplies disconnected by Sui Northern Gas Pipelines Limited (SNGPL) on September 17, 2026, over non-payment. LDPL said its 235MW combined-cycle power plant was operating at sixth position…

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PPMC Seeks NEPRA Registration as Power Service Provider

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Nepra-KE-1

ISLAMABAD: The Power Planning and Monitoring Company (PPMC), the federal government’s policy, strategic and technical arm in the power sector, has applied to the National Electric Power Regulatory Authority (NEPRA) for registration as a provider of electric power services. In an application dated October 7, 2026, PPMC Managing Director Abid Latif Lodhi requested registration under Section 25A of the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997, read with the relevant registration rules and regulations. The application follows a federal cabinet decision on September 25, 2026, directing…

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