Category: Highlights

Pakistan and Turkiye signed a joint bidding agreement to jointly participate in offshore bid round of Pakistan

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ministry-of-pakistan

Minister for Petroleum Ali Pervaiz Malik and Alparslan Bayraktar, Minister of Energy and Natural Resources of Turkiye witnessed the signing ceremony. In a significant development, Pakistan and Turkiye have stepped into cooperation in oil and gas exploration. On the sideslines of Pakistan Minerals Investment Forum 2025, Pakistan and Turkiye have signed a joint bidding agreement to jointly participate in offshore bid round of Pakistan.In February 2025, the Government of Pakistan announced an offshore block bid round, offering forty (40) offshore blocks in the Makran and Indus basins for the grant…

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LONGi Sets New Benchmark in Europe with 225.9MW Hi-MO 9 Solar Project in Greece

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Athens, April 1st, 2025 – LONGi Solar, a global leader in solar technology, has announced a groundbreaking 225.9MW solar project in Greece, marking the largest deployment of Back Contact (BC) technology in Europe to date. This achievement highlights the dominance of LONGi’s Hi-MO 9 in utility-scale renewable energy projects and establishes BC technology as the future of photovoltaic innovation. Unrivaled Scale and Efficiency The project utilizes the Hi-MO 9’s exceptional power output of up to 660W and module conversion efficiency of 24.43%, outperforming conventional TOPCon modules by 3% in real-world…

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US Envoy met with Federal Minister Petroleum to discuss Pak US relations and opportunities and support in energy sector

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Charges d’Affairs US Embassy H.E Natalie Baker met today with Federal Minister for Petroleum Ali Pervaiz Malik to discuss bilateral energy collaboration, sustainable development, and opportunities for enhancing Pak-US relations. The meeting, held at the Ministry of Petroleum, focused on strengthening U.S.-Pakistan partnerships in the energy sector, including renewable energy initiatives, minerals, hydrocarbons and infrastructure investments. Natalie Baker and Minister Malik exchanged views on critical energy challenges, technological innovation, and policy measures to support Pakistan’s growing energy demands, future roadmap for mutually beneficial partnership and sustainability of energy sector. Minister…

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Another Relief on the Way: Govt Plans to Remove PTV Fee from Electricity Bills

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Electricity-Bills

Islamabad: In a bid to provide financial relief to electricity consumers, the government has prepared a plan to eliminate unnecessary charges, including the PTV license fee, from electricity bills. According to sources in the Power Division, a proposal has been finalized to remove the monthly PTV fee of Rs. 35 currently charged to domestic consumers. Industrial and commercial consumers, who also pay this fee as part of their electricity bills, are expected to benefit from this initiative as well. This development comes following directives from Prime Minister Shehbaz Sharif, who…

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Cheaper Power to Revive Economy: Business Leaders Laud PM’s Tariff Cut

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Tariff-Cut

KARACHI: Pakistan’s business community has welcomed Prime Minister Shehbaz Sharif’s decision to reduce electricity tariffs, calling it a crucial step toward easing the burden on consumers and reviving industrial activity. M. Abdul Aleem, Secretary General of the Overseas Investors Chamber of Commerce and Industry (OICCI), termed it a “positive move,” especially in light of stringent IMF conditions and limited fiscal flexibility. However, he emphasized the need for further policy measures to stimulate the large-scale manufacturing (LSM) sector. Ehsan Malik, CEO of the Pakistan Business Council (PBC), also praised the initiative,…

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