Author: Admin

LAHORE: Federal Minister for Energy (Power Division) Awais Leghari on Tuesday announced that Pakistan will not establish any new imported fuel-based Independent Power Producers (IPPs), as the government moves toward a more sustainable and cost-effective energy mix. Speaking at a workshop on power-sector fundamentals at Lahore University of Management Sciences, the minister also revealed that the government plans to shift around 10 million electricity consumers to Advanced Metering Infrastructure (AMI) meters during the current year to improve efficiency, transparency, and power management. Leghari said the government had already renegotiated agreements…

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ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed authorities to prepare a comprehensive national roadmap for generating electricity from solid waste as part of the government’s broader strategy to modernise waste management systems and promote renewable energy solutions. Chairing a high-level meeting on solid waste management, the prime minister ordered the formation of a dedicated task force to develop detailed proposals for converting municipal and industrial waste into electricity using modern technologies and international best practices. The initiative, according to the prime minister, will be implemented across Pakistan in collaboration…

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LEATHERHEAD, UK: The global post-consumer recycled (PCR) packaging market is projected to grow from 4.9 million tonnes in 2026 to 6.5 million tonnes by 2031, according to a new report released by Smithers. In its latest study, The Future of PCR Packaging to 2031, Smithers forecasts the market to expand at a compound annual growth rate (CAGR) of 5.7 percent between 2026 and 2031, driven by tightening sustainability regulations and increasing demand for recycled materials in packaging applications. The report highlights Europe as the most mature and fastest-growing market, supported…

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KARACHI: The State Bank of Pakistan on Wednesday confirmed the receipt of approximately $1.3 billion from the International Monetary Fund under Pakistan’s Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programmes. In a statement, the central bank said the inflow would be reflected in the country’s foreign exchange reserves for the week ending May 15, 2026. Last week, the IMF Executive Board approved Pakistan’s third review under the 37-month EFF arrangement and the second review under the RSF programme during a meeting held in Washington, DC on May…

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ISLAMABAD: A parliamentary committee on Tuesday directed the National Electric Power Regulatory Authority (Nepra) to conduct a comprehensive investigation into the performance of Independent Power Producers (IPPs), including scrutiny of capacity payments, energy payments, and extensions granted to power projects beyond their original contractual terms. The Senate Standing Committee on Cabinet Secretariat, chaired by Senator Saleem Mandviwalla, also instructed Nepra to submit a detailed comparative report on the matter amid growing public concern over soaring electricity prices and the financial burden on consumers. During the meeting, lawmakers raised serious concerns…

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