Author: Admin

Govt’s Claim of Reducing Power Sector Circular Debt Challenged as New Debt Surges to Rs240 Billion

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New-Project212

ISLAMABAD: The government’s claim of reducing Pakistan’s power sector circular debt has come under scrutiny after a new report revealed that fresh circular debt has increased sharply during the current fiscal year, raising questions about the sustainability of recent financial measures. According to a report by the Economic Policy and Business Development (EPBD) Think Tank, new circular debt in the power sector surged from Rs18 billion to Rs240 billion during the first ten months of FY2025-26, despite official claims that the overall stock of circular debt had declined. The report…

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Renewables Save USD 480 Billion in Fossil Fuel Costs in 2025: IRENA

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ABU DHABI: Renewable energy continued to strengthen its position as the world’s most cost-effective source of new electricity in 2025, helping countries avoid an estimated USD 480 billion in fossil fuel costs, according to a new report released by the International Renewable Energy Agency (IRENA). The report, Renewable Power Generation Costs in 2025, reveals that more than 90% of utility-scale renewable energy projects commissioned during the year generated electricity at lower costs than the cheapest new fossil fuel alternatives, reinforcing the economic case for accelerating the global energy transition. Solar…

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K-Solar, China’s Mingyang sign MoU to bring advanced wind energy and BESS solutions to Pakistan

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New-Project209

KARACHI, JULY 2, 2026: K-Solar (Private) Limited, a wholly owned subsidiary of K-Electric’s investment arm KE Ventures Company (Pvt) Limited, and Mingyang Smart Energy Group Limited, one of the world’s largest wind turbine manufacturer and a major global supplier of utility-scale and industrial Battery Energy Storage Systems (BESS), have signed an agreement to bring Mingyang’s solutions to the local industry in Pakistan. Under the memorandum of understanding (MoU), K-Solar and Mingyang will partner to market, supply and finance wind power projects and BESS for grids and commercial and industrial sectors…

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Chinese Group Proposes Major Investment in Pakistan’s Energy Sector; Federal Minister Welcomes Expanded Pakistan-China Energy Partnership

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chinese

Islamabad, July 2, 2026 Federal Minister for Petroleum, Ali Pervaiz Malik, held a meeting with Hou Jianxin, Chairman of Shandong Xinxu Group Corporation, China, to discuss expanding cooperation and investment opportunities in Pakistan’s energy sector. During the meeting, Mr. Hou Jianxin expressed his company’s strong interest in investing across Pakistan’s energy value chain and proposed a long-term strategic partnership. He stated that Shandong Xinxu Group possesses advanced technologies and expertise in upstream oil and gas operations, including field optimization, drilling services, and production enhancement, and is keen to collaborate in…

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OICCI Members Invest Rs15 Billion in CSR Initiatives, Benefiting 44 Million Pakistanis

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New-OICCI

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI), representing nearly 200 of Pakistan’s largest foreign investors, has launched its Corporate Social Responsibility (CSR) Report 2025, highlighting a significant increase in corporate investment towards social and community development across the country. According to the report, OICCI member companies collectively invested Rs15 billion in CSR initiatives during FY2024-25, reflecting a 10% increase over the previous year. These initiatives directly benefited more than 44 million people nationwide. A major portion of the spending—Rs4.5 billion—was dedicated to flood relief, rehabilitation, and recovery…

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