Author: Admin

Pakistan says three Turkish firms express interest in acquiring stakes in power distributor

Admin

KARACHI: Pakistan’s Privatization Commission said on Monday that three Turkish companies and seven local ones had formally submitted expressions of interest to acquire stakes in the Islamabad Electric Supply Company (IESCO) power distributor. IESCO is one of three major power distribution companies that Pakistan is seeking to privatize in the first phase of a broader power-sector sell-off. Islamabad is offering investors stakes ranging from 51 percent to 100 percent and management control in the distributors. Pakistan has said it wants to bring private sector investment and management into a power…

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Govt reduces petrol price by Rs1.93 per litre, HSD by Rs4.21 per litre

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petrol

The government on Wednesday reduced the price of petrol by Rs1.93 per litre and that of high-speed diesel (HSD) by Rs4.21 per litre. Following the revision, petrol will retail at Rs390.12 per litre while HSD will cost Rs414.75 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. According to the Petroleum Division’s notification, the new prices will be applicable for Sept 24 (Thursday). The price of HSD has come down from a peak of Rs520.35 recorded on…

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PAEC Foundation signs contract for hydropower plant at outfall of Chashma-5

Admin

ISLAMABAD: Pakistan Atomic Energy Commission (PAEC) Foundation has signed a contract for the establishment of its fifth hydropower plant, Foundation Hydel Power Plant Unit-05 (FHPP-05), a five-megawatt project to be constructed at the outfall of the Chashma-5 Nuclear Power Plant. Once operational, the plant is expected to generate approximately 30.66 million kilowatt-hours of clean electricity annually for the national grid, the PAEC said in a statement. PAEC Foundation is the non-profit arm of PAEC, established in 1994 for the welfare of commission employees and their families. The project will harness…

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Green SM Indonesia launches premium 6-seat electric taxi service and attractive new vehicle rental program

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Green SM Indonesia

JAKARTA, INDONESIA – Media OutReach Newswire – 20 September 2026 – Green SM, an all-electric ride-hailing platform, officially launches its 6-seat electric taxi service, Green Limo, in Indonesia, with 100% of its fleet featuring the spacious and well-equipped Limo Green, aiming to elevate the mobility experience in the premium electric taxi segment. On the occasion, the company also introduces a new vehicle rental program, “Rent a VinFast. Become a Green SM Driver. Be Your Own Boss,” offering a range of benefits for driver partners, including a low initial payment, access…

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Prime Minister’s Targeted Fuel Relief Programme Welcomed; High Fuel Prices Pose Serious Threat to Industrial and Transport Sectors: Mian Zahid Hussain

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Prime Minister's

KARACHI, September 21, 2026: President of the Pakistan Businessmen and Intellectuals Forum (PBIF) and All Karachi Industrial Alliance (AKIA), Chairman of the National Business Group Pakistan, Chairman of the FPCCI Policy Advisory Board, and former Provincial Minister for Information Technology, Sindh, Mian Zahid Hussain, has welcomed the targeted fuel relief programme initiated by Prime Minister Mian Muhammad Shehbaz Sharif for low-income citizens. However, he warned that fuel prices for industrial and commercial consumers remain exceptionally high, placing the industrial and transport sectors under severe financial pressure and posing serious risks…

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