Author: Admin

Petroleum Dealers Decry Amendments to Petroleum Act, Warn of Nationwide Shutdown

Admin
Petrol-Diesel

KARACHI: The Pakistan Petroleum Dealers Association (PPDA) has strongly opposed the recent amendments to the Petroleum Act, 1934, citing concerns over unchecked administrative powers, the rise in smuggling of petroleum products, and the proliferation of illegal petrol stations. Speaking at a press conference at the Karachi Press Club on Saturday, *PPDA Chairman Abdul Sami Khan, alongside senior members, criticized the amendments for granting *unrestricted authority to assistant and deputy commissioners to inspect and seal petrol pumps — a move he warned could foster corruption and disrupt the operational freedom of…

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Pakistan Allocates 2,000MW for Bitcoin Mining and AI Data Centres in Landmark Digital Push

Admin
New-Bitcoin

In a bold step towards digital transformation, the Government of Pakistan has allocated 2,000 megawatts (MW) of power to support Bitcoin mining and AI data centres, marking a major shift in energy utilization and positioning the country as a future hub for global digital infrastructure. “Pakistan is uniquely positioned — both geographically and economically — to become a global hub for data centres,” said a statement issued by the Pakistan Cloud Computing (PCC) initiative. Describing Pakistan as a digital bridge between Asia, Europe, and the Middle East, the statement highlighted…

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Sindh Energy Minister Shah Chairs High-Level Review Meeting on Ongoing Energy Projects

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nasir-shah2

Karachi – May 24, 2025: Sindh Minister for Energy, Planning, and Development Syed Nasir Hussain Shah chaired a high-level review meeting to assess the progress of ongoing development projects under the Energy Department and to evaluate proposed schemes for the upcoming fiscal year 2025-26. During the meeting, the minister emphasized that *all ongoing energy projects must be completed within their stipulated timelines, ensuring *transparency and merit throughout the process. The session was attended by *Chairman Planning & Development Board Najam Ahmed Shah, **Energy Secretary Mushtaq Ahmed Soomro, **Project Director (SSEP)…

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Main Dam Construction Begins at Mohmand Project, Completion Set for 2027-28

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New-Project26

ISLAMABAD – May 24, 2025: In a major milestone for Pakistan’s water and energy sector, the construction of the Main Dam at the Mohmand Dam Project has officially commenced. This achievement follows the successful completion of key preparatory works including river diversion, coffer dams, excavation of abutments, and foundation work. The project is expected to be completed by 2027-28. To mark the occasion, Federal Minister for Water Resources Mian Muhammad Mueen Wattoo visited the project site, accompanied by Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd), the project’s General Manager/Project…

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NEPRA Approves K-Electric’s 7-Year Tariff Plan Under MYT Regime

Admin
NEPRA-KE

ISLAMABAD – May 24, 2025: The National Electric Power Regulatory Authority (NEPRA) has approved K-Electric’s (KE) multi-year tariff (MYT) for its distribution and transmission segments covering a *seven-year period from FY2023-24 to FY2029-30, with a projected revenue requirement of *Rs50.284 billion for FY2024-25. As part of the new tariff structure, NEPRA approved an average increase of Rs3.31 per unit in distribution charges. Additionally, KE has been allowed Use of System Charges (UoSC) revenue of Rs43.447 billion for FY2023-24, also reflecting an impact of around Rs3.30 per unit, subject to change…

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