Author: Admin

Engineer Muhammad Shahid Nazir Appointed as MD of National Grid Company of Pakistan

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Shahid-Nazir

LAHORE: Engineer Muhammad Shahid Nazir has been appointed as the Managing Director of the National Grid Company of Pakistan (formerly NTDC), following formal approval by the company’s Board of Directors. Prior to his elevation, Engineer Nazir served as General Manager Project Delivery (North), where he played a key role in executing major national transmission projects, including his leadership as Project Director for the Matiari–Lahore HVDC Transmission Line—a milestone in Pakistan’s power infrastructure. He also brings valuable international experience, having served abroad on deputation. Engineer Nazir takes over the role from…

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Govt Finalizes Landmark Rs1.275 Trillion Loan Deal with Banks to Tackle Power Sector Debt

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Circular-Debt

ISLAMABAD: In a historic move to address Pakistan’s mounting circular debt in the power sector, the government has finalized a record loan agreement worth Rs 1.275 trillion with around 18 commercial banks. The deal, which comes after months of negotiations over term sheets and legal frameworks, now awaits final approval from the Federal Cabinet. The financing arrangement is part of the government’s broader circular debt reduction plan—endorsed by the International Monetary Fund (IMF)—and aims to offset a significant portion of the Rs 2.3 trillion debt, including Rs 700 billion currently…

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Special Power Tariff Relief Continues Amid Rising Generation Costs

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electricty

ISLAMABAD: Despite escalating electricity generation costs, the special relief of Rs7.41 per unit in power tariff—announced by Prime Minister Shehbaz Sharif—remains in effect, the Ministry of Energy confirmed on Saturday. The ministry attributed the surge in power costs to a historic low in hydropower generation and increased reliance on expensive thermal power plants using alternative fuels. To mitigate the impact, provincial governments and federal ministries have been directed to enforce Energy Efficient Building Codes, particularly during periods of extreme temperatures. Further relief measures include the upcoming launch of energy-efficient fans,…

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If attempt is made to stop Pakistan’s water, military option will be open”: WAPDA Chairman

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Pakistan's water

WAPDA Chairman Lieutenant General (Retd) Sajjad Ghani has stated that if India attempts to stop Pakistan’s water, the military option will be open. Speaking in Karachi, he emphasized that Pakistan will fully defend its water rights and considers stopping water an act of war. He added that India has limited capability to stop water on the Chenab and Indus rivers and would require significant capacity and time to do so. Ghani stressed that Pakistan will thwart India’s intentions and if an attempt is made to stop Pakistan’s water, the military…

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Federal Minister for Petroleum Ali Pervaiz Malik engages with OICCI

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Federal Minister for Petroleum Ali Pervaiz Malik

Karachi, May 30, 2025: Federal Minister for Petroleum, Mr. Ali Pervaiz Malik held a detailed interactive session with the Overseas Investors Chamber of Commerce and Industry (OICCI), attended by senior business leaders from both local and multinational companies. Discussions focused on Pakistan’s energy priorities and the path to long-term economic stability. The Minister reaffirmed the government’s commitment to structural reforms, accelerated policy execution, and enhanced industry engagement. He outlined key investment opportunities in upstream exploration, pipeline development, and downstream processing, aligned with the global shift toward cleaner energy. He further…

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