Government Resolves KE Shareholding Dispute, Paving Way for Major Saudi Takeover

K-Electric

KARACHI: In a significant development for Pakistan–Saudi investment ties, the government has successfully resolved a long-standing dispute between Pakistani investor Sheharyar Chishti and Saudi shareholders in K-Electric (KE), clearing the path for a majority acquisition by a Saudi investor. According to official sources, Prince Mansour Bin Mohammed Al Saud has signed a Memorandum of Understanding (MoU) with Chishti for the acquisition of a controlling stake in KES Power Ltd, the parent company holding 66.4% ownership in K-Electric. This agreement marks the largest Saudi investment in Pakistan’s power sector to date…

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NEPRA Fines K-Electric Rs25 Million Over 2023 Power Breakdown

NEPRA-KE

KARACHI: The National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs25 million on K-Electric (KE) for failing to meet its operational responsibilities during the nationwide power breakdown in January 2023. The utility has been directed to pay the penalty within 15 days. According to a notification issued by NEPRA, the decision followed an inquiry revealing that KE’s repeated attempts to restore electricity through its black start facilities — systems designed to restart power generation after a complete blackout — were unsuccessful due to frequent tripping. “Repeated failures…

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Federal Cabinet Approves Special Security Force to Protect Major Dams

Hydropower-Sector

ISLAMABAD: The federal cabinet on Thursday approved the formation of a special security force dedicated to safeguarding Pakistan’s major dams and hydropower projects. The decision came during a meeting chaired by Prime Minister Shehbaz Sharif, who reaffirmed the government’s commitment to eliminating terrorism and securing the nation’s critical infrastructure. According to an official statement issued by the PM Office, the cabinet granted in-principle approval for legislation to establish the force under the Water and Power Development Authority (WAPDA). The move aims to ensure enhanced protection for strategic water and energy…

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Flood-affected people must be helped beyond political differences, calling recent tensions over flood relief `unfortunate’• CM hails MAP’s role in leadership uplift, pledges govt support

New-Project55

KARACHI (Oct 9): Sindh Chief Minister Syed Murad Ali Shah has said that flood-affected people must be helped beyond political differences, calling recent tensions over flood relief [between Sindh and the Punjab] “unfortunate.”He said this while talking to the media at the 25th Annual Convention of the Management Association of Pakistan (MAP), organised at a local hotel.Replying to a question, he said that flood-affected people must be helped beyond political differences, calling recent tensions over flood relief [between Sindh and the Punjab] “unfortunate.” He said Chairman Bilawal Bhutto-Zardari had spoken…

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Pakistan Overhauls DGPC to Attract Global Oil and Gas Investment

oil price

ISLAMABAD: In a decisive move to revitalize Pakistan’s oil and gas exploration sector, the government has launched a major restructuring of the Directorate General of Petroleum Concessions (DGPC) — the key regulatory body overseeing the nation’s upstream energy industry. The Petroleum Division has constituted a seven-member reform committee, notified on October 3, 2025, to lead the transformation. The initiative aims to align DGPC operations with international best practices, enhance investor confidence, and modernize the regulatory and governance framework for petroleum concessions. Under its mandate, the committee will conduct a comprehensive…

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