Author: Admin

APTMA, Power Division Clash Over Industrial Cross-Subsidy Calculations

Admin
New-APTMA

ISLAMABAD: A disagreement has emerged between the Power Division and the All Pakistan Textile Mills Association (APTMA) over the actual volume of cross-subsidies embedded in industrial electricity tariffs. APTMA claims that the burden is nearly double the amount reported by the government. While the Power Division recently announced a Rs174 billion cut in cross-subsidies, estimating Rs74 billion currently applied to industrial tariffs, APTMA disputes the figure. In a letter to Power Minister Sardar Awais Leghari, APTMA Secretary General Shahid Sattar argued that their analysis—based on NEPRA’s FY26 consumer-end tariff determinations—places…

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HUBCO Announces \$51 Million Investment Plan to Support Thar Coal Projects

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HUBCO-Project

KARACHI: Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), has unveiled plans to invest up to \$51 million (approximately Rs14.61 billion) in two of its key Thar-based coal power projects—Thar Energy Limited (TEL) and ThalNova Power Thar (Private) Limited (TN). In a notice submitted to the Pakistan Stock Exchange (PSX) on Wednesday, HUBCO revealed that its board has approved resolutions to extend Sponsor Support Contribution Letters of Credit (SSC LCs) for both projects to ensure smooth debt servicing and meet potential financial obligations. The company seeks shareholder…

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Pakistan, UNEP’s SPAR6C Initiative Collaborate to Strengthen Carbon Market Readiness

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UNEP-PAK

ISLAMABAD: Federal Minister for Climate Change, Dr. Musadik Malik, met with a delegation from SPAR6C (Supporting Preparedness for Article 6 Cooperation) on Tuesday to advance Pakistan’s engagement in global carbon markets under the Paris Agreement. SPAR6C is a five-year international initiative (2022–2027) led by the United Nations Environment Programme (UNEP), assisting countries like Pakistan, Colombia, Thailand, and Zambia in building capacity for Article 6 cooperation. The meeting focused on enhancing Pakistan’s readiness for carbon market mechanisms, particularly through the student sponsorship programme. Both sides reviewed ongoing support for Pakistani students…

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Govt Raises Petrol Price by Rs5.36, Diesel by Rs11.37 Amid Revenue Push

Admin
Petrol-Price

ISLAMABAD: The federal government has increased the price of petrol by Rs5.36 per litre and high-speed diesel (HSD) by Rs11.37 per litre for the upcoming fortnight, taking the new prices to Rs272.15 for petrol and Rs284.35 for HSD. The Finance Division, in a press release issued Tuesday, said the hike was based on recommendations from the Oil and Gas Regulatory Authority (Ogra) and other relevant ministries. Prices of kerosene and light diesel oil remain unchanged. Petrol, widely used by motorcycles, rickshaws, and private vehicles, directly affects household budgets, especially those…

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