Author: Admin

KARACHI: In a major step towards transforming Pakistan’s energy landscape, Moro Power Company (MPC) has signed a strategic agreement with PowerChina for the development of the country’s first business-to-business (B2B) renewable electricity project. The agreement, signed on Saturday, marks a pioneering initiative under the Sindh Electric Power Regulatory Authority (SEPRA), enabling MPC to directly supply electricity to industrial consumers in Nooriabad through the Sindh Transmission and Despatch Company (STDC). MPC Chief Executive Officer Mustafa Abdullah stated that the partnership with PowerChina will focus on technical collaboration, including engineering, procurement, and…

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ISLAMABAD: In a bid to curb rising electricity tariffs and manage looming power shortages, the government is preparing to significantly increase domestic natural gas supply to the power sector, as imported liquefied natural gas (LNG) remains unavailable and summer demand surges. According to informed sources, gas supply to power plants is expected to nearly double—from the current 85–90 million cubic feet per day (mmcfd) to around 160–170 mmcfd by the end of April or early May. An additional 20–25 mmcfd may be diverted from the CNG sector, subject to the…

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KARACHI: Sui Southern Gas Company (SSGC) has announced a 24-hour suspension of gas supply to the industrial sector across Sindh, citing a shortfall in the system and the need to ensure balanced distribution. According to company spokesperson Salman Siddiqui, the decision aims to improve gas pressure and stabilise the network amid constrained supply. “SSGC remains committed to ensuring improved gas pressure for its consumers and is taking necessary steps to manage the limited availability,” he stated. As per the schedule, gas supply to all industrial consumers — including captive power…

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ISLAMABAD: JD Vance arrived in Islamabad on Saturday morning, leading a high-level United States delegation for what are being described as “make-or-break” talks with Iranian leadership — a rare diplomatic engagement amid ongoing regional tensions. The negotiations come during a fragile two-week ceasefire in the conflict involving Iran and United States, following hostilities that erupted after the US-Israel attacks on Iran Feb 2026. The truce, brokered with facilitation from Pakistan, temporarily halted widespread violence across the Middle East. Upon arrival at Nur Khan Air Base, Vance was received by Deputy…

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WASHINGTON: Ajay Banga, President of the World Bank, has cautioned that the ongoing conflict in the Middle East could significantly slow global economic growth, even if the current fragile ceasefire holds. In an interview, Banga highlighted that global growth could decline by 0.3 to 0.4 percentage points under a baseline scenario assuming an early resolution. However, if the conflict persists, the impact could deepen to as much as a 1 percentage point reduction in global growth. He further warned that inflationary pressures are likely to intensify, with a potential rise…

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