Author: Admin

PM Lauds Rs193bn Loss Reduction by DISCOs as Major Power Sector Milestone

Admin
Power-sector

ISLAMABAD: Prime Minister Shehbaz Sharif hailed a significant turnaround in Pakistan’s power sector after being briefed that power distribution companies (DISCOs) had slashed their losses by Rs193 billion — leading to an overall financial improvement of Rs242 billion. Chairing a high-level Cabinet Committee on Energy meeting, the premier called the progress “extremely encouraging” and a crucial step toward rectifying decades-long inefficiencies. He emphasized that this improvement would accelerate the long-delayed privatization of DISCOs and directed that appreciation letters be issued to CEOs of companies demonstrating exceptional performance. Lahore Electric Supply…

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Power Tariff May Drop by Rs1.51 Per Unit for Three Months

Admin
Power Division

ISLAMABAD: Electricity consumers across Pakistan, including those served by K-Electric, are likely to receive relief in the form of a Rs1.51 per unit reduction in power tariffs for the next three months. This decrease stems from lower capacity charges due to falling interest and exchange rates, as well as revised contracts with public and independent power producers (IPPs). The National Electric Power Regulatory Authority (NEPRA) will hold a public hearing on August 4 to consider the federal government’s request for a Quarterly Tariff Adjustment (QTA), aimed at passing on Rs53.4…

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Fuel Prices Likely to Drop: Petrol by Rs9, Diesel by Rs3.50 per Litre

Admin
oil-2025

ISLAMABAD: After four consecutive price hikes, fuel consumers in Pakistan may finally see relief as petrol and diesel prices are expected to decrease by Rs9 and Rs3.50 per litre, respectively, in the upcoming fortnight ending August 15. The anticipated cuts are attributed to easing global oil prices and a sharp reduction in petrol import premiums, which fell from \$9.70 to \$6.75 per barrel amid stabilizing regional tensions. Currently, petrol is priced at Rs272.15 per litre, following a cumulative Rs20 increase since May 15, directly affecting private vehicle owners and lower-income…

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GoodWe Hosts Pakistani Consul General in Shanghai to Deepen Renewable Energy Partnership

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GoodWe-Project

As part of its continued commitment to international clean energy cooperation, GoodWe hosted Mr. Shehzad Ahmad Khan, Consul General of Pakistan in Shanghai, and his delegation at its global headquarters in Suzhou. GoodWe’s Vice President, Alex Pan, led the team in welcoming the delegation. During his visit, the Consul General noted that GoodWe is already a familiar name in Pakistan’s energy sector. Visiting the company’s headquarters, he remarked, gave him “a much clearer and more personal impression of the people, technologies, and values behind the brand.” He also expressed that…

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Oil prices rise 1% on trade war relief, US pressure on Russia

Admin
Oil prices

NEW YORK: Oil prices rose on Tuesday, extending the previous day’s rally, on optimism that a trade war between the United States and its major trading partners was abating and as President Donald Trump ramped up pressure on Russia over its war in Ukraine. Brent crude futures were up 95 cents, or 1.36%, at $70.99 a barrel at 12 p.m. EDT (1600 GMT), having touched their highest since June 23, while U.S. West Texas Intermediate crude was at $67.70, up 99 cents, or 1.48%. Both contracts settled more than 2%…

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