Author: Admin

Consumers to Pay Rs3.23/Unit Surcharge for Six More Years to Repay Rs1.275 Trillion Power Sector Loan

Admin
Nepra-Price

ISLAMABAD: Electricity consumers in Pakistan will continue paying a Rs3.23 per unit debt service surcharge (DSS) for the next six years to help repay a massive Rs1.275 trillion loan secured by the Central Power Purchase Agency (CPPA) from 18 commercial banks. This surcharge is already being collected through monthly bills, so consumers won’t face any additional immediate burden. The loan is part of a long-term strategy to resolve the *power sector’s circular debt, which currently stands at **Rs2.381 trillion. The government aims to reduce this burden by Rs1.275 trillion through…

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Oil Prices Surge Over 9% as Israel Strikes Iran, Raising Middle East Tensions

Admin
Oil prices

LONDON/SINGAPORE: Oil prices soared more than 9% on Friday — marking their sharpest intraday jump since 2022 — after Israel launched airstrikes on Iran, targeting nuclear facilities, missile factories, and key military leaders. The escalation heightened fears of a wider conflict in the Middle East and potential disruption of global oil supplies. Brent crude surged by \$6.29, or 9.07%, to \$75.65 per barrel, after hitting an intraday high of \$78.50 — its highest since January 27. Meanwhile, US West Texas Intermediate (WTI) crude rose \$6.43, or 9.45%, to \$74.47, peaking…

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Pakistan Secures \$700 Million IFC-World Bank Loan for Reko Diq Project

Admin

ISLAMABAD: In a major breakthrough, Pakistan has secured a \$700 million concessional loan from the International Finance Corporation (IFC) and the World Bank for the Reko Diq mining project — a landmark development in the country’s resource sector. The approval, granted during a board meeting in Washington, marks a diplomatic win for Islamabad and a blow to India, which had reportedly lobbied against the financing. The decision is expected to unlock \$2.5 billion in private sector investment for the project, positioning Reko Diq as one of the most significant mineral…

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Pakistan Needs \$100 Billion to Achieve Carbon-Neutral Energy Transition by 2050

Admin
Wind-Power

LAHORE: Pakistan is accelerating its shift away from fossil fuels faster than many regional economies, with an ambitious target to generate 60% of its energy from renewable sources by 2030. This transition is part of the country’s broader strategy to cut emissions and combat climate change. According to global data from the Energy Institute, fossil fuels accounted for 81.9% of Pakistan’s total energy consumption in 2023—down from 86.7% in 2019. This 4.8 percentage point drop far outpaces the average decline of 0.8 points seen in other low- and middle-income nations.…

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Pakistan to Add 2,633MW Through Solar Net Metering in FY2025-26

Admin
Net-Metering

ISLAMABAD: Pakistan is set to add 2,633 megawatts (MW) of energy through solar net metering in fiscal year 2025-26, marking a significant leap in decentralized renewable power generation. Despite already having surplus installed capacity, the national grid will see a total addition of 2,800 MW—over 94% of which will come from net-metered solar systems. According to the Annual Plan 2025-26, the country’s installed power generation capacity is projected to rise to 44,626 MW by June 2026. The number of net metering users is expected to increase by nearly 198,000, contributing…

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