Category: Highlights

January 24, 2025 — Dr. Musadik Malik, Federal Minister for Water Resources met today with Martin Raiser, World Bank’s Vice President for South Asia, to engage in comprehensive discussions aimed at deepening cooperation and advancing development initiatives. The meeting, held in Islamabad, underscored the mutual commitment to fostering strong economic relationships and addressing shared challenges such as energy security. Both leaders emphasized the significance of collaborative efforts in driving transformative projects. Dr. Malik expressed appreciation for the World Bank’s continued support in critical development projects in energy, infrastructure, social sectors,…

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7% increase in industrial electricity consumption in December 24 due to Bijli Sahulat Package : Awais Leghari Federal Minister for Power Sardar Awais Ahmed Khan Leghari has urged the World Bank for provision of funds and investment for installation of Smart Meters at Distribution Level Transformers in order to bring transparency and cater for unjust load-management due to losses at micro level. The Federal Minister was talking to visiting World Bank Vice President for South Asian Region Mr. Martin Raiser who met him here alongwith a delegation today. Federal Minister…

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Oil and Gas Development Company Limited (OGDCL) has announced a significant increase in its working interest in the Qadirpur Development and Production Lease (D&PL) through a farm-in agreement with KUFPEC Pakistan B.V.  The energy giant disclosed this development through a notice to the Pakistan Stock Exchange (PSX) on Thursday. The move enhances OGDCL’s stake in the gas field from 75% to 82.99%, reinforcing its position in Pakistan’s energy sector. “Oil and Gas Development Company Limited (OGDCL) is pleased to announce the successful execution of a Farm-in Agreement with M/s KUFPEC…

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Integrated economic planning for Pakistan’s power sector requires a comprehensive approach that addresses the multifaceted challenges faced by the sector today. At its core, this planning should aim to synchronise policies, investments, and operational decisions across all segments of the power sector – generation, transmission, and distribution – while aligning them with the broader objectives of economic growth, industrial competitiveness, and environmental sustainability. Holistic policy frameworks are essential for a unified direction for the power sector. For instance, the US’s Integrated Energy Policy mandates federal and state-level alignment of energy…

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