Author: Admin

Gas Theft Burden Shifted to Consumers, Officials Admit Before Energy Committee

Admin
Gas-Prices

During a meeting of the National Assembly of Pakistan Standing Committee on Energy, officials from the country’s gas utilities disclosed that Pakistan suffers annual losses of approximately Rs60 billion due to gas theft — a burden that is ultimately passed on to consumers. According to officials, around Rs30 billion in losses are incurred by Sui Northern Gas Pipelines Limited (SNGPL), while another Rs30 billion loss is borne by Sui Southern Gas Company (SSGC). It was further revealed that, up to the limits allowed by the Oil and Gas Regulatory Authority…

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IMF Says EFF Reforms Helped Stabilise Pakistan’s Economy

Admin
New-IMF

ISLAMABAD: The International Monetary Fund (IMF) has stated that Pakistan’s reform efforts under the Extended Fund Facility (EFF) programme have helped stabilise the economy and restore investor confidence, describing the country’s fiscal performance as “strong.” Speaking at a weekly press briefing, IMF Communications Director Julie Kozack said a staff mission is scheduled to visit Pakistan from February 25 to conduct discussions on the third review under the EFF and the second review under the Resilience and Sustainability Facility (RSF). Kozack highlighted that Pakistan has achieved a primary fiscal surplus of…

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Industries Receive Rs12.1 Billion Relief Under Concessional Power Package

Admin
Power-Division

ISLAMABAD: The Power Division has released performance data for December 2025 and January 2026, revealing that industrial consumers received cumulative financial relief of Rs12.125 billion under the government’s three-year long-term concessional electricity package. According to an official statement issued on Friday, a total of 127,686 industrial consumers benefited from the scheme during the two-month period, representing 46 percent of the 278,961 registered industrial consumers across the country. Under the surplus electricity package, both small and large industries were granted a uniform benefit of Rs10.3 per unit on incremental electricity consumption.…

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US in Active Talks With India Over Venezuelan Oil Sale, Envoy Says

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New-oil

NEW DELHI: The United States is in “active negotiation” with India over the potential sale of Venezuelan crude oil, as part of broader efforts to help India diversify its sources of crude away from Russian supplies, U.S. Envoy Sergio Gor said on Friday. ([Reuters][1]) Speaking to reporters on the sidelines of an event in New Delhi, Gor said the U.S. Department of Energy is in direct talks with India’s Ministry of Energy, with expectations of a breakthrough “very soon” on the Venezuelan oil front. ([Reuters][1]) The negotiations are linked to…

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LESCO to Discontinue Electricity Bill Payments Through Post Offices from April 1

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New-LESCO

LAHORE: Lahore Electric Supply Company (LESCO) has announced that consumers will no longer be able to pay their electricity bills through post offices starting April 1, 2026. The decision was taken in accordance with a resolution passed during the 309th meeting of the company’s Board of Directors, the utility confirmed. LESCO has advised consumers to ensure timely payment of their electricity bills through alternative channels to avoid inconvenience. Customers may use QR codes, designated banks, digital banking platforms, and other authorized payment methods for bill settlement. The company emphasized that…

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