Year: 2026

KARACHI: Pakistan’s electricity generation mix is undergoing a significant structural shift, with fossil fuel dependence declining while nuclear power and rapidly expanding solar capacity reshape the country’s energy landscape, according to an analysis shared on X by independent energy analyst Chris Meder on Tuesday. The analysis shows that the share of fossil fuels in Pakistan’s power generation has fallen to around 44% from approximately 66% over the past two decades, reflecting a gradual diversification of the energy mix. Over the same period, nuclear power has increased sharply to nearly 17%,…

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ISLAMABAD: Pakistan’s oil refining sector has agreed to provide fuel to the armed forces and Haj flight operations at heavily subsidised “pre-Iran war” rates until June 30, 2026, in a major relief measure aimed at supporting national security operations and protecting pilgrims from rising travel costs amid global oil market volatility. The agreement was finalised during a meeting of the National Clean Management Committee (NCMC), chaired by Federal Minister for Petroleum Ali Pervaiz Malik. Under the arrangement, the Pakistan Army and Pakistan Air Force will receive superior kerosene oil (SKO)…

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ISLAMABAD: Pakistan Peoples Party (PPP) lawmakers on Wednesday strongly criticised the government’s solar energy policy in the National Assembly, raising objections to proposed changes in net metering regulations and the imposition of taxes on solar panels. The party described the measures as harmful to the growth of renewable energy and contrary to public interest. While moving a calling attention notice in the National Assembly, senior PPP leader Syed Naveed Qamar questioned the government’s approach toward solar energy adoption. “The government has signed agreements with Independent Power Producers (IPPs), which continue…

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KARACHI: Treet Battery Limited has officially launched its lithium-ion battery product line under the brand name “Lithion NeoPower,” as the company moves to capitalise on Pakistan’s rapidly expanding solar and energy storage market. In a notice submitted to the Pakistan Stock Exchange (PSX), the company announced that the new product portfolio includes advanced Battery Energy Storage Solutions (BESS), featuring both Residential Energy Storage System Series and Lead-Acid Replacement Series. According to the company, the lithium-ion solutions are designed to replace conventional lead-acid batteries while offering improved efficiency, reliability, and longer…

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LONDON: OPEC has lowered its forecast for global oil demand growth in 2026, citing the economic and energy market impact of the ongoing Iran conflict and disruptions in the Middle East. In its latest monthly report released on Wednesday, OPEC projected global oil demand to increase by 1.17 million barrels per day (bpd) in 2026, down from its previous estimate of 1.38 million bpd. The producer group, however, raised its forecast for 2027, expecting global oil demand to grow by 1.54 million bpd — an upward revision of 200,000 bpd…

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