Year: 2026

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik has reaffirmed the government’s commitment to stabilising fuel prices while prioritising relief for the public, amid ongoing global economic uncertainty driven by geopolitical tensions. Speaking to a local media outlet, Malik thanked Prime Minister Shehbaz Sharif for his continued support to the petroleum sector, noting that coordinated efforts are underway to maintain price balance and shield consumers from excessive burden. He emphasized that policy decisions are being shaped with a strong focus on the common man, ensuring that economic challenges are managed…

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ISLAMABAD: Pakistan is in advanced negotiations with Qatar for the supply of at least four liquefied natural gas (LNG) cargoes, as the country grapples with an escalating electricity shortfall ahead of peak summer demand. According to sources, the requested cargoes are expected to transit through the strategically critical Strait of Hormuz, where global energy shipments were disrupted last month heightened tensions in the Middle East. The crisis was triggered by the US-Israel strikes on Iran, followed by retaliatory actions from Iran targeting fuel infrastructure in Gulf states hosting U.S. assets.…

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LAHORE, PAKISTAN — Sigenergy, a global leader in solar and energy storage solutions, made a strong impact at Solar Pakistan 2026, held at the Expo Centre Lahore from April 17–19, unveiling its latest AI-driven technologies designed to support Pakistan’s evolving energy needs. Following its global “AI in All” strategy, the company presented a full suite of advanced solutions, including the modular SigenStor 5-in-1 residential energy system and a 500 kW utility-scale inverter, alongside its commercial and industrial (C&I) hybrid energy offerings. Smart, Integrated Energy Solutions for Pakistan Sigenergy emphasized that…

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ISLAMABAD: Oil and Gas Development Company Limited (OGDC) has achieved a significant milestone by exceeding 40,000 barrels of oil per day (BOPD) for the first time in over six and a half years, marking a turnaround after a prolonged period of declining output. The announcement was made by Managing Director and CEO Ahmed Hayat Lak, who termed the achievement a reflection of the company’s resilience, technical expertise, and strong organisational commitment. OGDC officials attributed the recovery to sustained technical interventions, improved reservoir management, and enhanced coordination between operational and support…

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KARACHI: Pakistan’s total electricity generation rose 6% year-on-year (YoY) to 8,939 GWh in March 2026, compared to 8,409 GWh in the same month last year, reflecting improved demand and a shifting energy mix. On a month-on-month (MoM) basis, generation jumped 16% from 7,696 GWh in February, driven largely by seasonal factors and higher consumption. The increase was led by strong growth in hydropower and imported coal-based generation. Hydel output surged 62% YoY to 2,105 GWh, raising its share in the energy mix to 23.5% from 15.4% a year earlier. Imported…

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