Author: Admin

Petrol, Diesel Prices Likely to Increase by Up to Rs7 per Litre for Next Fortnight

Admin
petrol-price1

ISLAMABAD: Petroleum product prices are expected to rise by Rs4.50 to Rs7 per litre for the upcoming fortnight ending March 15, amid a slight upward trend in international crude markets driven by regional tensions. Official sources indicated that benchmark crude prices have firmed up during the week, prompting a likely revision in domestic fuel rates effective February 28. Based on existing tax structures, ex-depot prices are estimated to increase by approximately Rs4.50 per litre for petrol, Rs4.70 for high-speed diesel (HSD), Rs7 for light diesel oil (LDO), and Rs5 for…

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ECC Approves Rs6.61bn for Thar Coal Rail Connectivity Project, Revises Low-Cost Housing Scheme

Admin
New-Economic

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs6.61 billion as a Technical Supplementary Grant (TSG) for the Thar Coal Rail Connectivity Project, reinforcing the government’s commitment to strengthening energy infrastructure and reducing dependence on imported fuels. The meeting, chaired by Federal Minister for Finance and Revenue Muhammad Aurangzeb, reviewed multiple proposals, including a summary from the Railways Division seeking budgetary cover for the strategic rail project. The Thar Coal Rail Connectivity Project aims to facilitate the transportation of indigenous coal from Thar to power plants and…

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Energy Week in Riyadh 2026 to Unite Global Leaders for Strategic Energy Dialogue

Admin
New-Project74

Riyadh, Saudi Arabia: Riyadh is set to become the epicenter of global energy dialogue as Energy Week in Riyadh convenes ministers, policymakers, CEOs, investors, and technical experts from 26–30 April 2026. The landmark gathering will align multiple high-level international and regional platforms within a single coordinated framework, fostering policy dialogue, market exchange, and cross-sector collaboration at a pivotal time for the global energy system. Held in tandem, the 25th WPC Energy Congress will take place in the Kingdom for the first time in its 93-year history under the theme “Pathways…

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National Power System Records Highest-Ever Generation in January Despite Adverse Conditions

Admin

Islamabad: The Power Division notes recent media coverage regarding electricity pricing and wishes to place on record the exceptional performance of the national power system in January 2026. Despite challenging network and hydrological conditions, including canal closures, fog-induced transmission line trippings in northern and southern regions, and the cold wave , the system achieved its highest-ever January peak generation of 16,584 MW and an average generation of 12,239 MW. Actual generation stood at 9,106 GWh against a reference projection of 7,962 GWh, surpassing the projection by approximately 14%. This represents…

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Mughal Energy 36.5MW plant moves toward commercial operations

Admin
New-Project6

Mughal Energy Limited, a wholly-owned subsidiary of Mughal Iron & Steel Industries Limited, said on Thursday it had successfully achieved a key milestone in the development of its 36.50 MW hybrid power plant, with the successful completion of steam blowing of the boiler and main steam lines.The company shared the information in a notice to the Pakistan Stock Exchange (PSX) today.“The plant has also successfully achieved controlled cooling-down procedures following steam blowing.The plant is now undergoing final testing and safety measures to commence power generation and commercial billing within March…

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