Author: Admin

Leghari Hopeful of First 200MW CMOD Power Deal by June

Admin
Awais-Leghari

ISLAMABAD: Federal Minister for Power Sardar Awais Ahmed Khan Leghari on Tuesday expressed optimism that the first 200-megawatt (MW) electricity transaction under Pakistan’s newly launched Competitive Market Operations Date (CMOD) regime will be finalised by June this year. Speaking at the CMOD declaration ceremony, the minister described the upcoming transaction as a historic milestone in the country’s long-awaited transition towards a competitive electricity market. He noted that although the concept of a competitive power market was approved in the early 1990s, practical groundwork only began in 2016-17, reflecting significant governance…

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Sindh cabinet approves Rs33.7 bn to modernise firefighting, emergency response system

Admin
murad-ali

Sindh Chief Minister Syed Murad Ali Shah, chairing a provincial cabinet meeting on Tuesday, approved a Rs33.7 billion package to modernise the province’s firefighting and emergency response system and introduce a new Early Warning Public Alert System.The cabinet also took a landmark step for labour rights by deciding to grant women agricultural workers equal wages, regulated working hours, maternity benefits, access to healthcare and child nutrition, protection from workplace harassment, written contracts, and the right to association.Upgrade for Emergency Response Services: The CM approved a landmark proposal to overhaul the…

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Bears dominate at stock market as KSE-100 index sheds over 1,400 points

Admin
stock market

KARACHI: Pakistan Stock Exchange (PSX) extended its negative momentum on Tuesday, with the benchmark index closing lower amid persistent selling pressure and cautious investor sentiment.X The market opened in the green and staged a brief early rally, pushing the benchmark to an intra-day high of 169,237.51 points. However, the positivity proved short-lived as sustained selling emerged across key sectors, dragging the index sharply into negative territory by mid-morning. The index hit an intra-day low of 163,907.59 points before recovering some losses in late-session trading. Despite the partial rebound, the market closed on…

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OGDC posts Rs73b profit on higher gas prices

Admin
New-OGDCL

ISLAMABAD: Oil & Gas Development Company Limited (OGDC) posted net sales revenue of Rs192.830 billion and profit after tax of Rs73.019 billion, translating into earnings per share (EPS) of Rs16.98, for half year ended December 31, 2025. The board of directors of the exploration and production company, in its meeting held on Monday, announced the results and declared a second interim cash dividend of Rs4.25 per share (42.50%), marking the highest-ever second quarterly dividend in the company’s history. This brings the cumulative interim dividend for half year to Rs7.75 per…

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Pakistan’s Solar Boom: When Clean Energy Breaks the System

Admin
Solar-Panels

Pakistan imported 22 gigawatts of solar panels in 2024. That is more than what Canada or the United Kingdom installed in five years combined. Rooftop solar systems are spreading across the country at a remarkable speed. Households are generating their own electricity. The technology works perfectly. On paper, this looks like one of the great energy success stories of the developing world. Yet the country’s circular debt hit PKR 3 trillion, growing by PKR 66 billion every single month. That is $235 million bleeding out every 30 days. Electricity prices…

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