Author: Admin

Pakistan’s Five Refineries Set for $6 Billion Upgrade Push

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Pakistan’s five oil refineries are expected to sign agreements in early September for upgrades that are expected to unlock as much as $6 billion in investment in the country’s refining sector. Representatives of the five refineries, Pak Arab Refinery Limited (PARCO), Pakistan Refinery Limited (PRL), National Refinery Limited (NRL), Cnergyico, and Attock Refinery Limited (ARL), have met with Pakistan’s Federal Minister for Petroleum, Ali Pervaiz Malik, to discuss the so-called Refinery Upgradation Policy, local daily Business Recorder reported on Friday. Executives at all five refineries said they were prepared to sign the…

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Pakistan’s solar boom prompts calls to rethink costly LNG contracts

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Parliamentarians and energy experts have urged the government to reconsider long-term energy contracts that could lock Pakistan into costly take-or-pay obligations and add to circular debt, calling for greater flexibility in LNG and other fuel imports as the country’s rapid solar expansion reshapes energy demand. The calls came during a dialogue titled “The Sun and the Pipeline: Energy Contracts in an Era of Solar Disruption in Pakistan,” organised by the Parliamentary Forum on Energy and Economy in Islamabad. The discussion examined Pakistan’s changing RLNG requirements, global market volatility and geopolitical…

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Peak power is getting pricier

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Pakistan’s power demand is back. The problem is that the cost of serving it has changed dramatically. National grid generation reached 14.5 billion units in July, up 6 percent year on year. On a rolling 12-month basis, however, growth remains modest at 2.8 percent. The stronger monthly number therefore reflects a meaningful pickup in demand rather than a broad-based acceleration in electricity consumption. The shift is most visible in the hourly demand profile. July’s grid demand is now materially above both 2025 and 2024 through much of the day. More…

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Sindh CM Demands ‘Hidden’ Gas Block, Slams Federal Delays

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KARACHI: August 28, 2026 Sindh Chief Minister Syed Murad Ali Shah on Friday demanded that the federal government immediately allot the ‘Hidden Gas Block’ to the Sindh Energy Holding Company Limited (SEHCL), stating that all legal and procedural requirements have already been completed. In a meeting with Federal Minister for Energy (Petroleum Division) Ali Pervaiz Malik at CM House, the CM reviewed key pending energy issues including the allotment of abandoned and inactive gas fields, gas supply from Soho and Kandhkot fields, and unresolved matters with Sui Southern Gas Company…

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FPCCI Forms High-Powered Committee on Continued Harassment of Former President Mian AdreesAtif Ikram Sheikh, President FPCCI

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Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has expressed his profound concern, shock, and strong condemnation over the unwarranted, continuing mistreatment and high-handedness meted out to prominent industrialist and former FPCCI President, Mian Muhammad Adrees. It is pertinent note that a unanimous resolution was passed in the Executive Committee meeting of FPCCI on Thursday to follow-up on the high-handed treatment of Mian Muhammad Adrees through collective voice of the business community. Mr. Atif Ikram Sheikh informed that he has formed…

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