Author: Admin

ISLAMABAD: Pakistan has secured four liquefied natural gas (LNG) cargoes, including three under long-term agreements with Qatar and one from the spot market, to meet the growing energy requirements of the power sector and other economic activities during the summer season. As part of its supply management strategy, Pakistan LNG Limited (PLL) on Wednesday invited bids for the delivery of one LNG cargo on a Delivered Ex-Ship (DES) basis at Port Qasim, Karachi, for the June 6-7, 2026 delivery window. The developments were shared during a media briefing attended by…

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ISLAMABAD: The federal government is facing significant challenges in finalizing the upcoming budget due to an estimated fiscal shortfall of around Rs1.7 trillion and has sought greater financial contributions from provinces, particularly Punjab and Sindh, according to Khyber Pakhtunkhwa’s Adviser on Finance, Muzammil Aslam. Addressing a press conference on Wednesday, Aslam expressed concern over the uncertainty surrounding the budget-making process, citing the abrupt cancellation of the National Economic Council (NEC) meeting scheduled for June 3 and the earlier postponement of the Annual Plan Coordination Committee (APCC) meeting. He said the…

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ISLAMABAD: Pakistan and Barrick Mining Corporation are reviewing enhanced security measures for the multi-billion-dollar Reko Diq Copper-Gold Project amid the prevailing security environment, a move that is expected to increase project-related security expenditures. Confirming the development, OGDCL Chief Executive Officer Ahmad Hayat Lak said a Barrick team is currently in Pakistan to discuss security upgrades and assess existing arrangements under the project agreement. Speaking to journalists, Lak explained that the Reko Diq agreement already contains provisions for security arrangements, and both sides are undertaking a formal review to determine whether…

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ISLAMABAD: The government has directed all power distribution companies (Discos) to initiate immediate disciplinary action against underperforming officers and staff responsible for delays in resolving consumer complaints, following a review of performance data from the Customer Complaint Management System (CCMS+), Pakistan’s national 118 helpline. According to the Power Division, the directives were issued by Federal Minister for Power Sardar Awais Ahmad Khan Leghari after examining complaint-handling records covering the period from October 1, 2025, to March 31, 2026. The review included complaints related to power outages, voltage fluctuations, line faults,…

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Islamabad: June 03, 2026. Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, has issued strict directions to all electricity Distribution Companies (DISCOs) across Pakistan to initiate immediate disciplinary proceedings against their worst-performing Sub-Divisional Officers (SDOs) and Executive Engineers (XENs). Acting swiftly on the Minister’s directive, Peshawar Electric Supply Company (PESCO) and Sukkur Electric Power Company (SEPCO) have become the first DISCOs to initiate immediate disciplinary action — including suspension — against their worst-performing officers on account of failure in resolution of consumer complaints registered through the national 118 Call…

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