Author: Admin

K-Electric tariff reversal weakens Pakistan’s privatisation case

Admin

Karachi’s consumers are being asked to celebrate a tariff cut they may never see. NEPRA has reduced K-Electric’s allowed average base tariff from Rs39.97 to Rs32.37 per unit — a reduction of Rs7.60. But KE’s households and factories are billed under Pakistan’s uniform consumer tariff policy, so their monthly bills do not automatically fall by the same amount. The state may book a fiscal saving. Karachi may be left with a weaker electricity service. Calling the first outcome “consumer relief” while ignoring the second is misleading. For families, the real…

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HBL Microfinance Bank, 1LINK & Euronet sign agreement to launch Pakistan’s first PayPak Credit Card

Admin
New-Project175

Islamabad, September 29, 2026: HBL Microfinance Bank (HBL MfB), 1LINK (Pvt.) Limited and Euronet Pakistan have signed a landmark tripartite agreement to introduce Pakistan’s first PayPak Credit Card, with HBL Microfinance Bank becoming PayPak’s inaugural credit card partner. This milestone marks an important development in Pakistan’s payments landscape. The agreement was signed by Mr. Amir Khan, President & CEO, HBL Microfinance Bank; Mr. Najeeb Agrawalla, CEO, 1LINK; and Mr. Kashif Gaya, CEO, Euronet. Under the partnership, HBL Microfinance Bank will issue the PayPak Credit Cards and lead the customer proposition,…

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PAKISTAN ATOMIC ENERGY COMMISSION

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New-Project176

PINSTECH, OGDC Sign Analytical Services Contract for Lithium Extraction Initiative Islamabad – September 29, 2026: The Pakistan Institute of Nuclear Science and Technology (PINSTECH) and Oil and Gas Development Company Limited (OGDC) signed a contract at OGDC Headquarters on Tuesday to strengthen institutional cooperation, including analytical support for OGDC’s lithium extraction initiative. Established in 1965, PINSTECH is a premier research and development institute of the Pakistan Atomic Energy Commission (PAEC). Under the contract, PINSTECH will provide elemental profiling and radioactive-element analysis services to OGDC. The contract signing was witnessed by…

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Umar Ahsan Khan elected OICCI President; new Managing Committee announced for 2026-28

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New-Project174

KARACHI: Umar Ahsan Khan, CEO and Managing Director of Dawlance (Private) Limited, has been elected President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2026-28 term. The election results were announced at the Chamber’s Extra-Ordinary General Meeting held on Tuesday. Ahmed Zahid Zaheer, Country Chairman and General Manager of Chevron Lubricants Pakistan (Private) Limited, was elected Senior Vice President, while Dr Syed Amir Ali, President and CEO of Meezan Bank Limited, was elected Vice President. Umar Ahsan Khan succeeds Yousaf Hussain, who served as OICCI President…

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Punjab Reviews Potential Participation in Pakistan’s First 400MW Wheeling Auction

Admin
New-Project159

LAHORE: Punjab is evaluating its potential participation in Pakistan’s first 400-megawatt (MW) Wheeling Auction as the province explores opportunities under the competitive electricity market and open-access wheeling framework. A meeting was held at the Punjab Energy Department under the chairmanship of Provincial Minister for Energy Malik Faisal Ayub Khokhar to review the province’s strategy regarding the auction and the broader implications of open-access wheeling. Secretary Energy Muhammad Ajmal Bhatti and other relevant officials attended the meeting, while Sania Owais, Managing Director Punjab Power Development Company (PPDC), briefed the participants on…

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