Author: Admin

ISLAMABAD: Experts at a high-level roundtable on Monday warned that the ongoing US-Iran conflict has triggered far-reaching geopolitical and economic shocks, urging Pakistan to urgently reset its energy, fiscal and strategic planning frameworks to cope with rising global uncertainty. The discussion took place at a roundtable titled “Dynamics of Iran Conflict: Implications and Choices”, organised by the Sustainable Development Policy Institute (SDPI), according to a press release. Speakers stressed that Pakistan must accelerate its transition toward renewable energy, strengthen economic resilience, diversify imports and adopt targeted social protection measures to…

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Pakistan’s reliance on coal-fired electricity generation has reached an all-time high after disruptions in regasified liquefied natural gas (RLNG) supplies pushed the power sector toward greater use of imported and local coal. According to data from the Central Power Purchasing Agency (CPPA), compiled by Topline Securities, coal-based generation accounted for 22% of Pakistan’s total electricity production during the first nine months of FY2026 — the highest level recorded in the country’s energy mix. The shift has been linked to a decline in RLNG-based power generation, following supply disruptions triggered by…

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KARACHI: Speakers at a multi-stakeholder conference on Monday called on the government to urgently address prolonged electricity outages, rising power tariffs and weak energy infrastructure, warning that the worsening energy crisis is pushing industries towards shutdown and deepening financial hardship for households. The concerns were raised at a conference titled “Energy Security in a Post Iran–USA War Context”, organised by The Knowledge Forum (TKF), where participants highlighted the combined impact of rising fuel prices, mounting capacity payments and inadequate transmission systems on both consumers and businesses. They said the ongoing…

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PARIS: The head of the International Energy Agency (IEA), Fatih Birol, has warned that global commercial oil inventories are depleting at a rapid pace, leaving only “a few weeks’ supply” amid disruptions triggered by the Iran conflict and heightened geopolitical tensions. Speaking on Monday during the Group of Seven (G7) finance leaders’ meeting in Paris, Birol said that while strategic petroleum reserve releases had temporarily added around 2.5 million barrels per day to global supply, such reserves are not sustainable in the long term. He noted that seasonal demand from…

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ISLAMABAD: Prime Minister Shehbaz Sharif on Monday said that public funds must be allocated to development schemes that deliver “tangible and measurable results,” as he reviewed ongoing development spending and preparations for the next Public Sector Development Programme (PSDP). Chairing a high-level meeting on development budget allocations, the prime minister stressed that ministries showing better performance would be given priority in the release of funds for future projects. He said that water storage and hydropower projects remain among the government’s top development priorities, directing that schemes related to reservoirs and…

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