Author: Admin

Fuel, Electricity, and Gas Prices Set to Rise as Pakistan Aligns with IMF Reforms

Admin
New-IMF

KARACHI: Pakistan is set to increase fuel, electricity, and gas prices from July 1, 2025, as part of a broader package of economic reforms agreed with the International Monetary Fund (IMF) ahead of the upcoming federal budget, officials confirmed. The reform measures, aimed at reducing the fiscal deficit and curbing the ballooning circular debt in the energy sector, include new levies and tariff adjustments. These steps are expected to significantly impact household and industrial consumers across the country. Key changes include the introduction of a Rs5 per litre carbon levy…

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Solarisation of Tube Wells in Balochistan Delayed Amid Funding and Security Challenges

Admin
solar energy

ISLAMABAD: The ambitious multi-billion-rupee initiative to solarise agricultural tube wells in Balochistan has hit a snag due to delayed fund utilisation and deteriorating security conditions in the province, according to updates presented at a recent Economic Coordination Committee (ECC) meeting. The ECC was informed that although the project was approved in July 2024, budgetary allocations could not be made in time, necessitating a technical supplementary grant. Additionally, Quetta Electric Supply Company (Qesco) has been facing hurdles in retrieving materials due to security concerns, as clearance from provincial authorities is required…

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Second Phase of Auction for Defunct Power Plants Begins Today in Islamabad

Admin
Power-Plants

ISLAMABAD: In a significant move towards energy sector reform and fiscal optimization, the second phase of the auction for state-owned, non-operational power plants is set to take place today (Monday) in Islamabad. According to an official press release, three major thermal power plants with a combined generation capacity of 2,362 megawatts will be auctioned. These include the Thermal Power Station Jamshoro (880 MW), Thermal Power Station Muzaffargarh (1,350 MW), and Steam Power Station Faisalabad (132 MW). The collective reserve price for these assets has been set at Rs26.62 billion. The…

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PM Shehbaz Set to Approve National Electric Vehicle Policy Next Week

Admin
Electric-Vehicle1

ISLAMABAD: Prime Minister Shehbaz Sharif is expected to approve the National Electric Vehicle (NEV) Policy next week, paving the way for its final endorsement by the federal cabinet and subsequent implementation. The Ministry of Industries has finalized the draft NEV policy following extensive consultations with stakeholders and submitted it to the prime minister for approval. The policy targets a major shift toward sustainable transportation, aiming for over 30% of all new vehicles in Pakistan to be electric by 2030. Key features of the policy include subsidies of Rs50,000 for electric…

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Sindh, China Collaborate to Launch Super Mini Truck Assembly Line in Karachi

Admin
nasir-shah

Bozhou, China: In a significant step toward industrial cooperation, the Sindh government has announced the establishment of a Super Mini Truck assembly line in Karachi in collaboration with Chinese investors. The announcement was made during the unveiling ceremony of the Super Mini Truck in Bozhou, China. Sindh Senior Minister Sharjeel Inam Memon, along with Provincial Minister Syed Nasir Hussain Shah, attended the launch event, joined by Chairman of Chery Holding Yin Tongyue and Group CEO of Budget Petroleum Investment Holdings (Hong Kong) Zahid Bashir. Speaking at the event, Sharjeel Memon…

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