Author: Admin

45 CPEC Projects Completed at $25.61bn, Including Major Energy and Infrastructure Schemes

Admin
New-Project62

ISLAMABAD: A total of 45 projects under the China-Pakistan Economic Corridor (CPEC) have been completed at a combined cost of $25.61 billion, according to government documents. The completed projects comprise 17 energy projects, 15 infrastructure projects and 13 economic and social development initiatives, reflecting progress across several key sectors of the CPEC programme. Major completed projects include the Sahiwal and Port Qasim power plants, Suki Kinari Hydropower Project, Multan-Sukkur Motorway (M-5) and the Lahore Orange Line Metro. The energy projects have contributed significantly to Pakistan’s power generation capacity, while major…

Read More

PSO, Kuwait Petroleum Explore Major Expansion of 50-Year Partnership

Admin
New-Project61

ISLAMABAD: Pakistan State Oil (PSO) and Kuwait Petroleum Corporation (KPC) are exploring a major expansion of their longstanding partnership as Pakistan seeks to strengthen fuel security amid growing regional tensions and risks to energy supplies. The proposed expansion could broaden cooperation between the two companies beyond fuel supply to include refining, oil storage, terminals, shipping and logistics, potentially strengthening Pakistan’s overall petroleum supply chain. The two sides have reportedly been exploring opportunities that could enable Pakistan to increase domestic fuel storage capacity, improve refining capabilities and reduce exposure to disruptions…

Read More

NEPRA Moves to Enable Bulk Consumers to Procure Power from Multiple Suppliers

Admin
New-Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has proposed amendments to the Consumer Service Manual (CSM) to allow Bulk Power Consumers (BPCs) to procure electricity simultaneously from the Supplier of Last Resort (SoLR) and one or more Competitive Suppliers (CS). The proposed changes are aimed at giving practical effect to amendments made to the NEPRA Consumer Eligibility Criteria (Electric Power Suppliers) Regulations, 2022, through SRO 635(I)/2026 issued on April 14, 2026, while facilitating implementation of the Competitive Trading Bilateral Contract Market (CTBCM) framework. Under the proposed mechanism, a BPC…

Read More

Govt Decides to Privatise LESCO, MEPCO in Existing Form

Admin
New-Project60

ISLAMABAD: The government has decided to privatise two of Pakistan’s largest area-wise power distribution companies, Lahore Electric Supply Company (LESCO) and Multan Electric Power Company (MEPCO), in their existing form instead of splitting them into smaller entities. The decision was taken after a Technical Committee constituted by the Privatisation Commission (PC) reviewed the feasibility of bifurcating the two companies into two or three separate distribution companies before their privatisation. According to officials familiar with the matter, the committee concluded that both LESCO and MEPCO should be privatised in their current…

Read More

Iran Urges US to Take First Step on De-escalation as Pakistan Revives Diplomatic Push

Admin
New-Project59

ISLAMABAD: Iran has called on the United States to take the first steps towards de-escalation by fulfilling its commitments under the Islamabad Memorandum of Understanding (MoU), as Pakistan stepped up diplomatic efforts to revive negotiations aimed at ending the US-Iran conflict. The message was conveyed during Chief of Defence Forces and Chief of Army Staff Field Marshal Syed Asim Munir’s meetings in Tehran with Iranian President Dr Masoud Pezeshkian, Parliament Speaker and chief negotiator Bagher Ghalibaf, and Secretary of the Supreme National Security Council Gen Mohsen Rezaei. During the meetings,…

Read More