Author: Admin

Leghari, Canadian Delegation Explore Investment Prospects in Pakistan’s Energy Sector

Admin
New-Project68

ISLAMABAD: Federal Minister for Power Sardar Awais Ahmed Khan Leghari on Thursday held a meeting with a Canadian delegation led by High Commissioner Tarik Ali Khan to discuss avenues for bilateral cooperation and investment opportunities in Pakistan’s energy sector. At the outset, the Canadian envoy conveyed the interest of Canadian companies in Pakistan’s power generation segment. Minister Leghari clarified that the government is not pursuing additional generation capacity, emphasizing that the real investment potential now lies in transmission, grid modernization, and advanced technologies. Following the minister’s briefing, the Canadian side…

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SNGPL Warns Power Sector Dues Have Reached ‘Alarming’ Rs114.287 Billion

Admin
SNGPL-Office

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has alerted the government that its receivables from the power sector have surged to an alarming Rs 114.287 billion, pushing the company into severe liquidity stress, official sources told Business Recorder. According to SNGPL’s General Manager (Recovery), several power plants have expressed their inability to clear outstanding dues due to delayed releases from the Central Power Purchasing Agency–Guaranteed (CPPA-G). As a result, SNGPL is struggling to meet its own payment obligations to upstream gas suppliers. Out of total receivables of Rs 165.256 billion,…

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Budget 2025–26 Leaves Climate and Disaster Spending Undefined Despite Record Allocations

Admin
New-Project67

ISLAMABAD: Despite strong government claims of prioritising climate resilience and disaster preparedness, the federal budget 2025–26 lacks clarity on how climate- and disaster-related allocations are defined, measured, or linked to Public Sector Development Programme (PSDP) projects. A key table in the Budget in Brief 2025–26 titled “Gender, Climate and Disaster” outlines broad allocations across gender initiatives, climate mitigation and adaptation, and disaster management. However, the document fails to show how these figures connect to actual PSDP projects—raising serious concerns about transparency and accountability. The government lists Rs 587.3 billion in…

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Pakistan, Kyrgyzstan Set $200m Trade Target by 2027-28, Sign 15 New Cooperation Agreements

Admin
New-Project66

ISLAMABAD: Pakistan and Kyrgyzstan on Thursday agreed to raise bilateral trade to $200 million by 2027-28, setting an ambitious new benchmark as both countries push to deepen economic, energy, and strategic cooperation. The commitment came during high-level talks between Prime Minister Shehbaz Sharif and Kyrgyz President Sadyr Zhaparov in Islamabad. Senior officials—including Foreign Minister Ishaq Dar and Chief of Army Staff & Field Marshal Gen Syed Asim Munir—were present for the discussions, which focused on accelerating cooperation across trade, connectivity, energy and security. Prime Minister Sharif said the enhanced trade…

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Saudi Arabia Extends $3bn Deposit to Pakistan, Providing Crucial Breathing Space Amid Economic Strain

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saudi-pak

KARACHI: Saudi Arabia has extended the maturity of its $3 billion deposit held with the State Bank of Pakistan (SBP) for another year, offering continued financial support as the country navigates persistent liquidity pressures. The facility—channeled through the Saudi Fund for Development (SFD)—was first placed in 2021 and has since been rolled over multiple times to reinforce Pakistan’s macroeconomic stability. The deposit, previously set to mature on December 8, 2025, will now remain with the SBP until December 2026. Officials say the extension reflects Riyadh’s sustained commitment to bolstering Pakistan’s…

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