Author: Admin

Nine Parties Prequalify for Gepco Acquisition

Admin
New-GEPCO

ISLAMABAD: The Privatisation Commission Board has approved the prequalification of nine parties interested in acquiring Gujranwala Electric Power Company (Gepco). The decision was taken at a board meeting chaired by Adviser to the Prime Minister on Privatisation Muhammad Ali, where officials were informed that 11 expressions of interest (EoIs) had been received for the acquisition of 51 per cent to 100 per cent shareholding, along with management control of the power distribution company. Following an evaluation of the submissions against the approved prequalification criteria, the financial adviser recommended nine interested…

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IMF Talks Near Conclusion, Clearing Way for $1.2bn Disbursement

Admin
New-IMF

ISLAMABAD: Pakistan’s ongoing discussions with a visiting staff mission of the International Monetary Fund (IMF) are expected to conclude positively later this week, paving the way for the release of around $1.2 billion under the Fund’s two concurrent programmes — the $7 billion Extended Fund Facility (EFF) and the $1.4 billion Resilience and Sustainability Facility (RSF). Informed sources said the two sides were finalising the Memorandum of Economic and Fiscal Policies (MEFP) after reaching agreement on the substantive parameters of the biannual review. The IMF staff mission, led by Iva…

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Govt hikes petrol price by Re0.88, cuts diesel by Rs1.88 per litre

Admin
New-Petrol-1

The federal government on Monday reduced the price of high-speed diesel (HSD) by Rs1.88 per litre to Rs397.76, while increasing petrol price by Re0.88 to Rs393.64 for October 6, 2026. The Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the government’s petroleum pricing mechanism, according to the Petroleum Division The price of diesel has been reduced from Rs399.64 to Rs397.76 per litre, while petrol will now be available at Rs393.64, up from Rs392.76 per litre. The Petroleum Division said the price changes were necessitated…

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Pakistan’s solar generation overtakes nuclear power for first time

Admin
New-Solar

Pakistan’s solar electricity generation reached 36.3 terawatt-hours (TWh) in 2025, overtaking nuclear power for the first time even as nuclear output increased 3.7% to a record 22.5 TWh, according to the World Nuclear Industry Status Report (WNISR) 2026. The report said the solar generation figure was likely to be significantly underestimated because substantial privately installed capacity remains unregistered and does not pass through the public grid. Pakistan imported more than 58 gigawatts (GW) of solar panels from China between the beginning of 2017 and mid-2026. Around 40GW, or 69% of…

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Pakistan expands Thar coal mine as US-Iran war deepens energy import risks

Admin

KARACHI: Pakistan on Monday inaugurated a major expansion of its Thar coal mine, increasing domestic fuel supplies for power generation as the Iran war disrupts regional energy markets and sharpens the country’s exposure to costly imports. The third phase of the Thar Block II mine in the southern Sindh province increases annual production capacity by 47 percent, from 7.6 million to 11.2 million tons, according to the provincial government. The additional 3.6 million tons will supply the 660-megawatt Lucky Electric Power Company plant near Karachi, which has historically relied largely…

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