Author: Admin

Rising Subsidised Consumer Base Neutralises Power Tariff Cut

Admin
electricity-tariffs

ISLAMABAD: Mounting challenges in Pakistan’s power sector have diluted the impact of a reduction in electricity tariffs, as the number of subsidised and low-income consumers has more than doubled to around 21 million over the past three years, effectively offsetting a 62-paisa per unit cut in the national average power rate effective January 1. In an unprecedented move, the National Electric Power Regulatory Authority (Nepra) on Monday issued its determination on annual tariff rebasing just hours after holding a public hearing on the federal government’s request. The swift decision drew…

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WWEA Strengthens Engagement with IRENA as Stefan Gsänger Joins Coalition for Action Steering Group

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New-WWEA

Abu Dhabi / Bonn — The International Renewable Energy Agency (IRENA) continues to consolidate its role as a leading global force in the energy sector, bringing together more than 170 member states through its headquarters in Abu Dhabi and its Innovation and Technology Center in Bonn, Germany. This week, government representatives and non-governmental observers convened in Abu Dhabi for IRENA’s annual General Assembly, a key forum shaping global energy policy at a time when renewable energy investments have surpassed those in fossil fuels. The World Wind Energy Association (WWEA), a…

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OGDC Steps Up Drive to Unlock Unconventional Hydrocarbon Potential

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New-Project14

Oil and Gas Development Company Limited (OGDC) is actively evaluating Pakistan’s unconventional hydrocarbon resources as part of its long-term growth strategy, according to MD and CEO Ahmed Hayat Lak in an interview with Reuters. He said the company is expanding its tight gas evaluation footprint, with around 4,500 square kilometers of 3D seismic coverage planned across operated areas to delineate key horizons and unlock existing resource potential. OGDC has also lined up a series of shale gas exploratory wells—both vertical and horizontal—with five to six pilot projects targeted for 2026–27.…

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Federal and Sindh govts collaborate to revitalise SME sector; focus on Kunri red chilli industry

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New-Project13

KARACHI (Jan 12): Sindh Chief Minister Syed Murad Ali Shah and the Prime Minister’s Special Assistant on Industry and Production, Haroon Akhtar, held a high-level meeting to forge a strategic partnership between the federal and provincial governments to foster Small and Medium Enterprise (SME) development in the province. The meeting, held at CM House, was attended by Minister for Industries Jam Ikram Dharejo, Chief Secretary Asif Hyder Shah, Special Assistant to the CM for Investment Syed Qasim Naveed, and Secretary to CM Raheem Shaikh. The federal government delegation included Federal…

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After PIA Takeover, Arif Habib Eyes Blue Economy, PNSC Expansion

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Arif-Habib

KARACHI: Fresh from acquiring a controlling stake in Pakistan International Airlines (PIA), leading businessman Arif Habib has set his sights on Pakistan’s vast but underdeveloped blue economy, with particular interest in the Pakistan National Shipping Corporation (PNSC). Speaking to journalists at the Naya Nazimabad Gymkhana on Sunday, the 73-year-old industrialist disclosed that the new PNSC management has invited him for discussions on the corporation’s future, signalling potential private-sector participation in the maritime sector. Pakistan’s blue economy—focused on the sustainable commercial use of ocean resources—remains largely untapped, despite an estimated potential…

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