Category: Highlights

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

Admin
energy-sector1

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…

Read More

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

Admin
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…

Read More

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

Admin
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,…

Read More

PM Shehbaz Announces Rs7.41 Per Unit Power Rate Cut to Revive Economy

Admin
New-Project

Islamabad: In a major relief for consumers and businesses, Prime Minister Shehbaz Sharif on Thursday unveiled a substantial reduction in electricity tariffs, slashing rates by Rs7.41 per unit for residential users and Rs7.59 per unit for commercial consumers. “With this reduction, electricity will now be provided at Rs34.37 per unit for residential consumers,” the premier announced during a ceremony, emphasizing that lower power costs are crucial for boosting industrial growth, agriculture, trade, and exports. The move follows a *15% month-on-month decline in power generation, which hit a five-year low of…

Read More

US natural gas prices hold near 3-week low

Admin
natural gas prices

NEW YORK: US natural gas futures held near a three-week low on Tuesday on record output and forecasts for milder weather and lower demand over the next two weeks than previously expected. Traders noted higher demand from the expected return of Freeport LNG’s export plant in Texas on Tuesday from an outage on Monday offset the forecast for lower demand from milder weather. Front-month gas futures for April delivery on the New York Mercantile Exchange were up 1.6 cents, or 0.4%, to $3.93 per million British thermal units (mmBtu) at…

Read More