LAHORE: Federal Minister for Petroleum Ali Pervez Malik on Sunday said that a summary had also been submitted to the federal cabinet to facilitate the import of LPG from abroad so that consumers would not face fuel shortages in case of an emergency. While addressing a public gathering in his constituency Mughalpura and talking to the media, the federal minister said the government was also undertaking advance planning to ensure adequate availability of crude oil, petrol, diesel, gas and LPG, particularly in view of the changing international energy situation. In…
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𝗣𝗿𝗶𝘃𝗮𝘁𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗕𝗼𝗮𝗿𝗱 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝘀 𝗞𝗲𝘆 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗔𝗰𝗿𝗼𝘀𝘀 𝗣𝗼𝘄𝗲𝗿, 𝗔𝘃𝗶𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗲𝗰𝘁𝗼𝗿𝘀
The Privatisation Commission (PC) Board, in its 259th meeting held today under the chairmanship of Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, considered and approved key measures to advance ongoing privatisation transactions across the power, aviation and financial sectors. As a major agenda item, the Board approved the prequalification of 9 Interested Parties (IPs) for the privatisation of Gujranwala Electric Power Company (GEPCO). The Board was informed that 11 Expressions of Interest (EOIs) had been received for GEPCO for the acquisition…
Read MoreBilawal Bhutto inaugurates Thar Coal Phase-III expansion, Pakistan’s first coal drying unit
THARPARKAR: Pakistan Peoples Party Chairman Bilawal Bhutto Zardari inaugurated the Phase-III expansion of the Thar Block-II Coal Mine and Pakistan’s first-ever coal drying unit, marking a major development in Pakistan’s domestic energy supply and the continued transformation of Tharparkar into a national energy hub. The Phase-III expansion has increased the mine’s production capacity from 7.6 million tonnes per annum (MTPA) to 11.2 MTPA, adding 3.6 million tonnes of annual coal production. Officials said the expansion was completed through 100 percent self-financing, reflecting investor confidence in Thar’s indigenous energy resources. The…
Read MoreClimate experts warn of slow progress on Karachi Climate Action Plan
KARACHI: Climate experts have expressed concern over the slow implementation of the Karachi Climate Action Plan (KCAP), warning that the city faces growing risks from extreme heat, urban flooding, drought, coastal hazards, air pollution and the rapid loss of green spaces. The experts were speaking at a media dialogue on the KCAP jointly organised by The Knowledge Forum (TKF), Karachi Union of Journalists (KUJ) and Local Government Reporters Association Karachi at a local hotel. Speakers also warned that Karachi could face heightened climate risks amid projections of a Super El…
Read MoreGovt sets December 2027 deadline to sell nine DISCOs
ISLAMABAD: The government has set December 2027 as the deadline for privatising nine power distribution companies (DISCOs), which together contribute heavily to the country’s fiscal burden, while the International Monetary Fund (IMF) has raised questions about a transaction structure that may not fully eliminate losses even after privatisation. The government has assured the IMF that nine DISCOs will be sold by December 2027, excluding Quetta Electric Supply Company (QESCO), which incurred losses of Rs112 billion and received Rs54 billion in subsidies during fiscal year 2025. According to the Finance Ministry’s…
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