Author: Admin

Pakistan Reduces Default Risk, Becomes Only Country Showing Consistent Economic Improvement: Bloomberg

Admin
New-Bloobberg

ISLAMABAD – Pakistan’s risk of default has significantly declined, making it the only country in the world showing consistent economic improvement, according to a latest Bloomberg report. The report highlights that Pakistan has recorded the fastest reduction in default risk globally, reflecting sustained improvement in its macroeconomic indicators. The country now ranks second after Türkiye in terms of improvement in financial stability. Advisor to the Federal Minister for Finance, Khurram Shehzad, stated that Pakistan is the only country that has shown quarter-on-quarter economic improvement over the past year. He noted…

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Pakistan Imports 12.7GW of Solar Modules in Nine Months, Marking a Major Shift Toward Clean Energy

Admin
Solar-Panels

ISLAMABAD – Pakistan’s transition toward renewable energy is gaining remarkable speed, with solar photovoltaic (PV) module imports reaching 12.7 gigawatts between July 2024 and March 2025. This surge—equivalent to nearly one-fourth of the nation’s total power generation capacity of 46.6GW—signals a profound transformation in Pakistan’s energy mix, moving decisively away from costly imported fossil fuels. From residential rooftops to large industrial zones, solar installations are spreading rapidly across the country. The growth is being propelled by soaring electricity tariffs, frequent grid disruptions, and increasing awareness of sustainable energy alternatives. Experts…

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Hitachi Energy Secures Landmark Contract to Strengthen Pakistan’s Power Transmission Network

Admin
Transmission-Line

Pakistan’s journey toward a sustainable and resilient energy future takes a major step forward as the National Transmission and Despatch Company (NTDC) awards Hitachi Energy a strategic contract for the 765/220 kV Mansehra Grid Station (Lot-III)—the first project of its kind in the country. This groundbreaking initiative aims to modernize the national grid and support Pakistan’s growing industrial and residential energy demands. Meeting Pakistan’s Growing Power Needs With cities expanding and industries thriving, Pakistan faces increasing pressure to ensure a reliable and efficient power supply. The modernization of the national…

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Three Hydropower Projects in Swat to Generate 330MW Within Two Years

Admin
Global-Hydropower

PESHAWAR: Three major hydropower projects under the supervision of the Provincial Energy Development Organization (PEDO) are expected to start generating a combined 330 megawatts (MW) of electricity within the next two years, significantly boosting Khyber Pakhtunkhwa’s power generation capacity. This was revealed by Secretary Energy and Power Khyber Pakhtunkhwa Mohammad Zubair Khan during his visit to the under-construction sites, accompanied by PEDO Chief Executive Officer Habibullah and Deputy Commissioner Swat Saleem Jan. The ongoing projects include the 84MW Gorkin Matiltan Hydropower Project, the 88MW Gabral Kalam Project, and the 36.6MW…

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Lesco Recovers Over Rs267 Million from Defaulters in September

Admin
LESCO-New

LAHORE: The Lahore Electric Supply Company (Lesco) has intensified its recovery campaign, successfully reclaiming more than Rs267 million from electricity defaulters during September 2025, officials said on Sunday. According to Lesco, a total of Rs267.83 million was recovered, including Rs183.89 million from privately-run connections, while the remaining amount came from other defaulting consumers. Among all operational zones, the Kasur Circle led the drive, recovering Rs113.89 million from 4,091 defaulters, followed by the Central Circle, which secured Rs72.44 million from 1,564 consumers. The Eastern Circle ranked third with Rs35.68 million recovered…

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