Important issues remain to be solved as Pakistan seeks potential follow-up programme: IMF chief


International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday said that Pakistan is in discussions with the Fund on a potential follow-up programme to the previous nine-month $3 billion stand-by arrangement (SBA), adding that important issues remained to be solved. Georgieva told an event at the Atlantic Council think tank, that Pakistan was successfully completing its existing programme with…

Read More

PEL wins legal battle against Canadian firm


ISLAMABAD: A Pakistani oil firm has won a legal battle against a Bermuda-based company at the International Court of Arbitration, which ruled that Pakistani laws govern the Petroleum Concession Agreements (PCAs) signed in the country. The Bermuda-based company Frontier Holdings Ltd (FHL) faced defeat in a prolonged legal dispute at the International Court of Arbitration against Petroleum Exploration (Pvt) Ltd…

Read More

Oil, gas firms await incentives for output boost


Have potential to raise production from existing fields by embracing modern technology ISLAMABAD: Oil and gas exploration companies have called on the new government to formulate a policy that will offer incentives for optimising hydrocarbon production from the existing fields to ensure the country’s energy security. Sources told The Express Tribune that several oil and gas exploration companies had the…

Read More

“K-Electric Proposes Non-Disclosure Agreement with JPCL for Thar Coal Conversion”


K-Electric (KE) has put forward a proposal for a Non-Disclosure Agreement (NDA) with Jamshoro Power Company Limited (JPCL) to safeguard data related to the conversion of JPCL’s 600-MW unit to Thar coal, according to informed sources. In continuation of previous communications and discussions, KE has submitted its NDA proposal to the Secretary Power, following its earlier letter regarding the approval…

Read More

25th WPC Energy Congress: The Ministry of Energy, Kingdom of Saudi Arabia and WPC Energy share dates and theme


Taking place from 26 – 30 April 2026 in Riyadh, the theme for the 25th WPC Energy Congress will be ‘Pathways To An Energy Future For All’.Discussions over the four days will centre around how the global energy sector can transition to deliver a low carbon system which meets its social, environmental, and economic challenges.The Congress was awarded to the…

Read More

A delegation of German investors will visit in June for investment potential in sindh CG Germany


KARACHI (April 5): Sindh’s Chief Minister, Syed Murad Ali Shah, has extended an invitation to investors from Gulf countries and Germany to consider investing in Sindh province.He believes that Sindh is a province rich in resources and well-connected to the world via sea routes, which makes it an ideal location for trade and commerce to thrive. The Chief Minister believes…

Read More

Engro announces ending its 16-year presence in Pakistan’s conventional energy sector


Engro Energy Limited, a subsidiary of Engro Corporation Limited, has finalized a Share Purchase Agreement with Liberty Power Holding (Pvt.) Limited and a consortium for the sale of its thermal energy assets portfolio.The consortium comprises Liberty Mills Limited, Soorty Enterprises, and Procon Engineering through Master Group of Industries. The sale of these thermal assets aligns with Engro’s ongoing efforts to…

Read More

Country does need new IMF programme: PM


ISLAMABAD: The federal cabinet has abolished the National Commission for Child Welfare and Development (NCCWD), the National Child Protection Centre (NCPC) and the implementation of the National Line of Action and decided to include employees of these departments in the surplus pool. While speaking to the participants of the meeting, Prime Minister Shehbaz Sharif also highlighted the importance of a…

Read More

Fines imposed on five power firms for ‘illegal loadshedding’


ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday imposed a fine of Rs50 million each on five power distribution companies including K-Electric for carrying out commercial-based excessive loadshedding in violation of laws penalising honest consumers. It is for the first time the regulator has moved from issuing warnings against collective punishments in the power sector which started more…

Read More

PM Shehbaz Sharif Pushes for Accelerated Completion of Hydropower Projects


In Islamabad, Prime Minister Shehbaz Sharif has instructed authorities to expedite work on two crucial hydropower projects located in Attaabad and Harpo. Additionally, he has called for an action plan regarding solar energy projects in Gilgit-Baltistan, emphasizing the government’s commitment to addressing the region’s energy needs. Following a meeting with Gulbar Khan, Chief Minister of Gilgit-Baltistan, PM Shehbaz formed a…

Read More