Author: Admin

ISLAMABAD: The Economic Coordination Committee (ECC) has directed the Ministries of Petroleum and Power to urgently resolve a dispute over gas supply guarantees after K-Electric (KE) was served with notices warning of a possible gas supply disconnection due to an alleged breach of guarantees. According to official sources, the issue was discussed during a recent ECC meeting, where Federal Minister for Petroleum Ali Pervaiz Malik informed the committee that KE had received gas disconnection notices because of guarantee-related issues. He urged the Power Division to take immediate action, prompting the…

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ISLAMABAD: The Private Power and Infrastructure Board (PPIB) is likely to put three hydropower projects with a combined capacity of 1,832MW on hold after they failed to qualify under the Indicative Generation Capacity Expansion Plan (IGCEP) 2025-2035, largely due to declining electricity demand driven by the rapid expansion of rooftop solar installations. According to audit observations for the PPIB’s financial year 2024-25, the 700.7MW Azad Pattan Hydropower Project, 1,124MW Kohala Hydropower Project, and 8MW Kathai-II Hydropower Project remained unimplemented because of prolonged delays in achieving financial close. The Letter of…

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ISLAMABAD: The Senate Standing Committee on Economic Affairs has decided to seek investigations by the Federal Investigation Agency (FIA) and the National Accountability Bureau (NAB) into alleged irregularities and corruption in foreign-funded power sector projects, while also forwarding its findings to Prime Minister Shehbaz Sharif for appropriate action. The unanimous decision was taken during a meeting of the committee chaired by Saifullah Abro after the Economic Affairs Division (EAD) stated that it could not order an inquiry into projects executed by another ministry. Committee members criticized a letter issued by…

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ISLAMABAD: A leading Chinese company has expressed strong interest in making long-term investments across Pakistan’s energy sector, including upstream oil and gas, refinery modernization, offshore exploration, energy equipment manufacturing, and integrated coastal energy infrastructure. The proposals were discussed during a meeting between Federal Minister for Petroleum Ali Pervaiz Malik and Hou Jianxin, Chairman of Shandong Xinxu Group Corporation, in Islamabad. During the meeting, Hou Jianxin reaffirmed the company’s commitment to expanding its presence in Pakistan and proposed a long-term strategic partnership covering the entire energy value chain. He said Shandong…

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LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the federal and provincial governments to introduce a special financing scheme at just 3% markup for the purchase of solar batteries, saying the initiative would strengthen industrial competitiveness, improve energy security, and accelerate Pakistan’s transition to clean energy. Addressing a press conference, FPCCI Regional Chairman and Vice President Zaki Ejaz said the promotion of solar energy has become indispensable for Pakistan’s industrial growth, export expansion, energy security, and long-term economic stability. He emphasized that providing industries with…

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