Author: Admin

Pakistan Targets 60% Renewable Energy by 2030, Says FM Dar at UN Forum

Admin
Renewable-Energy

ISLAMABAD/NEW YORK: Deputy Prime Minister and Foreign Minister Ishaq Dar has reaffirmed Pakistan’s commitment to sustainable development, announcing a target of 60% renewable energy by 2030 during his address at the UN High-Level Political Forum (HLPF) in New York. Speaking at the General Debate of the Ministerial Segment, Dar emphasized that Pakistan’s development strategies, including the Uraan Pakistan initiative, are aligned with the Sustainable Development Goals (SDGs). He cited climate challenges, pandemic impacts, and global economic crises as factors that have reversed development gains, but reiterated Pakistan’s resolve to stay…

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Govt Forms Four Panels to Tackle Gas Sector Challenges

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Oil-Gas

ISLAMABAD: The government has constituted four specialised sub-committees to address critical issues plaguing Pakistan’s gas sector, including circular debt, LNG tariff structures, unaccounted-for gas (UFG) losses, and the rising share of imported LNG in the national gas system. The initiative falls under the broader mandate of the Committee on Implementing Structural Reforms in the Petroleum Sector, chaired by the Minister for Petroleum and Natural Resources and formed by the Prime Minister. The committee includes key officials such as the Advisor to the PM on Privatisation, National Coordinator on Energy Reforms,…

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Customs Fixes Revised Import Value for Solar Panels at \$0.08–\$0.09/Watt

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solar energy

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has issued a new valuation ruling, fixing the customs value of imported solar panels at \$0.08 to \$0.09 per watt, reflecting a downward revision in line with global market trends. As per Valuation Ruling No. 2012/2025 issued on Monday, the revision follows multiple representations from stakeholders, including a formal request by the Pakistan Solar Association (PSA) dated January 21, 2025. The PSA had urged the directorate to reassess the previous ruling (No. 1894/2024) issued on July 4, 2024, citing a significant drop…

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Australia Eyes Return to Pakistan’s Mining Sector After Decade-Long Hiatus

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mineral-sector

ISLAMABAD: Australia is poised to re-enter Pakistan’s mining and mineral sector after more than a decade, with plans for direct investments, joint ventures, and institutional collaboration aimed at resource exploration, development, and skills enhancement. Australian High Commissioner Neil Hawkins met with Petroleum Minister Ali Pervaiz Malik on Monday to discuss expanding bilateral cooperation in energy and mining. Hawkins conveyed renewed interest from Australian mining companies in Pakistan’s mineral-rich regions—particularly Balochistan, Gilgit-Baltistan, and Azad Kashmir—and proposed joint training initiatives involving Australian universities, mining firms, and Pakistani institutions to develop local expertise…

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Pakistan’s Trade Deficit with Middle East Widens to \$13.97bn Amid Surging Fuel Imports

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petroleum-imports

ISLAMABAD: Pakistan’s trade deficit with the Middle East expanded by 7.37% to \$13.974 billion in FY25, up from \$13.014bn a year earlier, driven primarily by a sharp increase in petroleum imports. According to data from the State Bank of Pakistan, the widening deficit underscores the country’s continued dependence on energy imports from the region, while export growth to Middle Eastern markets remained subdued. Crude oil imports surged by 15% in volume during FY25, significantly impacting the trade balance. This marks a reversal from the previous fiscal year (FY24), when the…

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