Category: Highlights

Mari energies announces major gas and condensate discovery in Waziristan block

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Mari energies

Mari Energies Limited, a key player in Pakistan’s energy exploration sector, has announced a significant gas and condensate discovery at the Spinwam-1 exploratory well in the Waziristan Block, located in North Waziristan District, Khyber Pakhtunkhwa Province. This discovery marks a major breakthrough in the region’s hydrocarbon potential and could bolster Pakistan’s efforts to reduce its energy deficit. Spinwam-1, the second exploratory well in the Waziristan Block, was spudded on May 28, 2024, and drilled to a total depth of 4,400 meters. Initial testing of the Samanasuk Formation has yielded promising…

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Solar energy in Pakistan: A boon or burden

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solar energy

Over the past decade, solar energy has transformed from a niche alternative to a mainstream energy source in Pakistan. With an estimated 22 gigawatts of solar panels imported in 2024 alone, Pakistan has emerged as one of the most promising solar markets in the Asia-Pacific region. The rapid adoption of rooftop solar, declining costs, and favorable sunlight conditions have propelled the country toward renewable energy. However, the transition has also triggered significant challenges for the national grid and policymakers, raising critical questions about the sustainability of this shift. The soaring…

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Pakistan hesitant on IMF’s proposed carbon levy for clean energy transition

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pak-imf

ISLAMABAD: On Monday, Pakistan showed reluctance towards imposing a carbon levy, a key proposal put forward by the International Monetary Fund (IMF). The IMF has suggested this tax as part of its conditions for a $1 billion loan under the Resilience and Sustainable Facility (RSF), aimed at supporting climate-vulnerable nations in disaster preparedness and energy transition. During the opening discussions to finalize the RSF, which focuses on disaster resilience, government officials expressed concerns about the potential negative impact of the levy on business growth. The IMF team is in Pakistan…

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PSA, Energy Update sign MoU to promote solar industry awareness & events

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Solar-Modules

The Pakistan Solar Association (PSA) and Energy Update (EU) have signed a memorandum of understanding to jointly organise events aimed at promoting renewable power sources in the country.The MoU will enable the PSA to act as a partner of the Energy Update to help it organise its forthcoming event, the 2nd International Solar Conclave and Technology Excellence Awards-2025. The two entities will collaborate to promote Pakistan’s solar energy sector. The PSA will utilise its networks and channels to promote the EU’s upcoming event aimed at discussing issues faced by Pakistan’s…

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No Passengers ,No planes china funded 240m Gwadar airport sits idle

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Gwadar port

With no passengers and no planes, Pakistan’s newest and most expensive airport is a bit of a mystery. Entirely financed by China to the tune of $240 million, it’s anyone’s guess when New Gwadar International Airport will open for business. Located in the coastal city of Gwadar and completed in Oct 2024, its a stark contrast to the impoverished, restive southwestern BalochistanFor the past decade, China has poured money into Balochistan and Gwadar as part of a multibillion dollar project that connects its western Xinjiang province with Arabian Sea, called the China-Pakistan Economic Corridor or…

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