Author: Admin

ISLAMABAD: The Power Division (PD) is set to submit the bi-annual reassessment of its Electricity Surplus Incremental Package to the National Electric Power Regulatory Authority (NEPRA) for guidance, following concerns raised by industrial stakeholders that the incentive scheme is offering limited benefits to large electricity consumers. The development was disclosed by a Power Division representative during a public hearing on the Fuel Charges Adjustment (FCA) petition filed by the Central Power Purchasing Agency-Guarantee (CPPA-G) for May 2026. According to the petition, CPPA-G has requested a positive FCA adjustment of Rs0.82…

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ISLAMABAD: South Korea’s state-owned Korea South-East Power Company (KOEN) has called on the Government of Pakistan to remove regulatory bottlenecks delaying nearly $1 billion in planned hydropower investments, warning that pending tariff approvals and uncertainty surrounding the country’s future power generation roadmap are putting two major renewable energy projects at risk. The concerns were raised during a meeting between Federal Minister for Commerce Jam Kamal Khan and a high-level KOEN delegation led by Chief Executive Officer Kim Min Young. The delegation also included Deputy CEO Jang Sungkyu, Chief Operating Officer…

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ISLAMABAD, June 30, 2026: Oil & Gas Development Company Limited (OGDC) has successfully completed Chak 63-05, a new development well in the Chak 63 Development & Production Lease (D&PL) located in Sanghar district of Sindh, marking another milestone in the company’s efforts to enhance Pakistan’s indigenous oil and gas production.During production testing through a 32/64-inch choke, Chak 63-05 produced 600 barrels of condensate per day (BPD) and 10.5 million standard cubic feet of gas per day (MMSCFD) at a wellhead flowing pressure (WHFP) of 2,580 psig. The well was spudded…

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Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that the Small and Medium Enterprises Development Authority (SMEDA) and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), have jointly organized a stakeholder engagement session at Federation House, Karachi, to commemorate World MSME Day 2026. Mr. Atif Ikram Sheikh underlined that the event brought together MSMEs, entrepreneurs, representatives of chambers and trade associations, women entrepreneurs, young entrepreneurs, financial institutions, academia and other stakeholders to celebrate the contribution of Micro, Small and Medium Enterprises (MSMEs) towards economic growth, employment generation…

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Pakistan could save between $170 million and $340 million annually on crude oil imports if international sanctions on Iran are lifted, according to a new research report by Topline Securities Ltd., which highlights the significant economic opportunities that could emerge from restoring formal trade between the two neighboring countries. In its report, “Pakistan Strategy – What If Iran Sanctions Are Lifted? Implications for Pakistan from a Historical Perspective,” Topline Securities said that renewed trade with Iran would not only reduce Pakistan’s energy import bill but also strengthen bilateral commerce, industrial…

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