Author: Admin

Current Energy Crisis Could Be Pakistan’s Chance to Revive Local Industry: Report

Admin
Pakistan Petroleum Ltd makes third discovery in Sujawal

A sharp surge in global oil prices may push Pakistan to increase domestic oil and gas production as supply disruptions in the Middle East strain global energy markets, according to a research report by Topline Securities. The report noted that Brent crude prices have risen nearly 70 percent over the past month, including a 25 percent jump on March 9, driven by disruptions in global supply chains and tensions affecting shipping routes such as the Strait of Hormuz. Higher oil prices could increase Pakistan’s petroleum import bill but may also…

Read More

Petrol prices likely to rise again, efforts will be made to minimize burden on public, says PM Shehbaz

Admin
petrol hike

Shehbaz Sharif addressed the nation on Monday regarding the worsening situation in the Middle East and its economic impact on Pakistan, announcing a series of austerity measures to manage the country’s energy crisis and stabilize the economy. During his televised address, the prime minister expressed deep sorrow over the reported assassination of Iran’s Supreme Leader Ali Khamenei and members of his family. Visit Energy Update website for the latest news-related content He strongly condemned the Israeli attacks on Iran and also criticized strikes on Gulf countries including Saudi Arabia, Kuwait,…

Read More

KP Govt Announces Petrol Subsidy for Motorcycle Riders

Admin
New-Project94

Peshawar: The Khyber Pakhtunkhwa (KP) government has announced a petrol subsidy for motorcycle riders registered in the province, aiming to provide relief to the public amid rising fuel prices. Chief Minister Suhail Afridi stated that each rider will receive PKR 1,100 in two installments. To further ease public transport concerns, fares for the BRT system will remain unchanged. Finance Advisor Mazammil Aslam said that the total expenditure for the subsidy will be PKR 3.5 billion. Information Minister Shafi Jan added that the amount will be disbursed directly to riders’ CNICs,…

Read More

Dasu Hydropower Project to Become Pakistan’s Largest Power Producer

Admin
Dasu-Hydropower1

ISLAMABAD: The Dasu Hydropower Project is set to become Pakistan’s largest electricity-producing hydropower facility in terms of annual energy generation once completed, significantly strengthening the country’s renewable energy capacity. According to details shared by the Water and Power Development Authority (WAPDA), the project will have a total installed capacity of 4,320 megawatts. Upon completion, it is expected to generate approximately 21 billion units (kWh) of electricity annually, making it one of the most significant hydropower developments in the country. Located in the northern region of Pakistan, the mega project is…

Read More

AGP Recommends Aligning DISCOs’ Operational Framework with K-Electric Model

Admin
Power-Sector

ISLAMABAD: The Auditor General of Pakistan (AGP) has recommended restructuring the operational framework of Pakistan’s public-sector power distribution companies (DISCOs) to align with the commercial model followed by K-Electric, which operates under a ring-fenced structure and does not contribute to the country’s growing circular debt. According to audit observations, the model adopted by K-Electric ensures that operational inefficiencies are absorbed within the company’s own balance sheet rather than being passed on to the national power supply chain or electricity consumers. The recommendation refers to the strategic plan for the privatisation…

Read More