Author: Admin

Power Bills Set to Rise as Consumers Face Rs1.41 per Unit Hike in February

Admin
power-transmission

ISLAMABAD: Electricity consumers across the country are likely to face higher power bills in February, as the Central Power Purchasing Agency (CPPA) on Thursday reported a net increase of Rs1.41 per unit in fuel charges compared to the current month. The development comes amid concerns from industrialists that the base electricity tariff has already gone up by Rs2–3 per unit from January 1 for the entire fiscal year. During a public hearing chaired by Nepra’s legal member Amina Ahmed, the government disclosed that it was working on a new tariff…

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Saudi Wafi Energy Partners Hyundai to Supply Lubricants for Vehicles in Pakistan

Admin
New-Project44

ISLAMABAD: Saudi Arabia’s Wafi Energy Pakistan Limited on Wednesday announced a strategic agreement with Hyundai’s official manufacturing partner in Pakistan to supply premium lubricants for Hyundai vehicles across the country. Wafi Energy, an affiliate of the Asyad Group, became the majority shareholder of Shell Pakistan Limited (SPL) in November 2024 and currently holds about 87.78 per cent of the company’s issued share capital. Shell Pakistan, one of the country’s oldest multinationals, operates a nationwide network of more than 600 retail sites, extensive storage facilities and a broad portfolio of globally…

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KP Completes 10 Hydropower Projects, Set to Earn Rs13bn Annually

Admin
hydro-power

PESHAWAR: Khyber Pakhtunkhwa has completed 10 hydropower projects with a combined generation capacity of 224 megawatts, expected to generate annual revenue of around Rs13 billion for the province, Secretary Energy and Power Nisar Ahmad said on Wednesday. Presiding over a meeting, the secretary said that seven additional hydropower projects would be completed over the next two years, raising the province’s clean and low-cost energy capacity to about 1,000MW and increasing annual earnings to an estimated Rs55bn. He added that work was also underway on three flagship projects in Swat district,…

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K-Electric to Provide Dedicated Power Supply for BYD’s NEV Manufacturing Plant

Admin
New-Project43

KARACHI: K-Electric (KE) and Mega Motor Company (MMC), BYD’s partner in Pakistan, have signed a Memorandum of Understanding (MoU) for the provision of a dedicated 5MW power connection—scalable up to 7.5MW—to support BYD-MMC’s new energy vehicle (NEV) manufacturing operations in the country, which are scheduled to commence in 2026. Under the agreement, BYD-MMC will develop and finance a dedicated power supply arrangement, facilitated by K-Electric, to ensure reliable, flexible and uninterrupted energy availability as production volumes increase. The initiative is aimed at supporting BYD’s highly automated, technology-driven manufacturing processes in…

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Per Capita Public Debt Rises to Rs333,000, Fiscal Policy Statement Tells Parliament

Admin
New-Project42

ISLAMABAD: The debt burden on every Pakistani surged by 13 per cent to Rs333,000 during the last fiscal year, while public debt continued to pose a major challenge due to a widening budget deficit that exceeded the statutory limit by nearly Rs3 trillion, according to the annual Fiscal Policy Statement presented to Parliament. The Ministry of Finance reported that per capita debt rose from Rs294,098 in FY2023-24 to Rs333,041 in FY2024-25, reflecting an increase of about Rs39,000 within a year. The calculation is based on total public debt divided by…

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