Author: Admin

K-Electric Defers AGM Amid Pending NEPRA Tariff Decisions

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K-Electric Limited (KE) has postponed its Annual General Meeting (AGM), earlier scheduled for November 11, 2025, due to uncertainty stemming from ongoing tariff-related proceedings before the National Electric Power Regulatory Authority (NEPRA). In a statement to the Pakistan Stock Exchange (PSX) on Monday, the utility said its Board of Directors had approved the annual financial statements for the fiscal year ending June 30, 2024, back in September. However, the company’s auditors have sought management’s clarification regarding the potential financial impact of pending NEPRA rulings before issuing their final audit report.…

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Pakistan Asks Qatar to Divert 24 LNG Cargoes in 2026 Amid Growing Oversupply

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ISLAMABAD: Facing a worsening glut of imported gas, Pakistan has requested Qatar to divert 24 contracted LNG cargoes from its 2026 supply plan to the international market, as the country struggles with declining domestic demand and mounting financial strain on its gas infrastructure. According to officials from the Petroleum Division, the proposal—currently under discussion as part of the annual delivery plan—is expected to be finalized by the end of October. The request is being made under the Net Proceed Differential (NPD) clause in Pakistan’s long-term LNG contracts with Qatar, which…

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Government Waives August Electricity Bills for Flood-Affected Consumers

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ISLAMABAD: The federal government has announced a waiver of August electricity bills for consumers affected by recent floods across Pakistan, officials from the Power Division confirmed to Geo News on Friday. The relief measure, approved by Prime Minister Shehbaz Sharif, applies to all categories of domestic consumers in flood-hit areas, offering much-needed respite to households struggling with losses caused by the devastating natural disaster. According to data from the National Disaster Management Authority (NDMA), flash floods between June and October claimed at least 1,037 lives and left 1,067 people injured,…

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NEECA Urges Development Authorities to Adopt Energy Conservation Building Code 2023

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ISLAMABAD: The National Energy Efficiency and Conservation Authority (NEECA), an arm of the Power Division, has urged all District Development Authorities (DDAs) across the country to integrate the Energy Conservation Building Code 2023 (ECBC-2023) into their respective building by-laws to promote sustainable and energy-efficient construction practices. In a series of official letters, NEECA Managing Director Sardar Mohazzam has written to the heads of multiple development bodies, including the Galiyat, Mardan, Swat, Gujranwala, Faisalabad, Rawalpindi, Multan, Lahore, Gwadar, Quetta, Gilgit-Baltistan, Skardu, Mirpur, and Muzaffarabad Development Authorities, as well as the Sindh…

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Petroleum Division Seeks Power Division’s Plan to Lift RLNG at Rs2,000/MMBTU to Cut Take-or-Pay Liabilities

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ISLAMABAD: The Petroleum Division has asked the Power Division to present a firm plan for lifting Regasified Liquefied Natural Gas (RLNG) at a rate of Rs2,000 per MMBTU, as part of the government’s broader initiative to reduce mounting “take-or-pay” liabilities from LNG import contracts. The move aligns with Islamabad’s ongoing efforts to rationalize capacity payments to both Independent Power Producers (IPPs) and government-owned plants. Sources in the Petroleum Division told Business Recorder that concerns have intensified over the forced shutdown of domestic gas fields to accommodate surplus, high-cost RLNG, especially…

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