Category: Highlights

Captive power plants: No significant progress made in talks with IMF: official

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Power-Plants

ISLAMABAD: Dr Fakhre Alam Irfan, Secretary of the Power Division, has revealed that no significant progress has been made in talks with the International Monetary Fund (IMF) regarding an extension for the closure of Captive Power Plants (CPPs), pledged to be disconnected by January 31, 2025. In response to questions about the proposed disconnection of CPPs from the natural gas system, Dr. Irfan explained that the Federal Cabinet had made this decision in 2021. However, for various reasons, the decision has yet to be implemented, although for the ongoing programme…

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Oil jumps more than 4% on concern over more sanctions on Russia

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Oil price

LONDON: Oil prices rallied more than 4% on Friday to reach their highest levels since October as traders focused on potential supply disruptions from more sanctions on Russia. Brent crude futures gained $3.50, or 4.6%, to $80.42 a barrel by 1422 GMT, reaching $80 a barrel for the first time since Oct.7. U.S. West Texas Intermediate crude futures advanced $3.57, or 4.8%, to $77.49. The United States will impose some of the harshest sanctions on the Russian oil industry to date, designating 180 vessels, dozens of traders, two major oil…

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Koto Hydropower Project Set to Begin Operations This Year

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Koto-Hydropower

The Koto Hydropower Project in Lower Dir, Khyber Pakhtunkhwa, is nearing completion and is expected to commence power generation later this year. The project will produce 40.8 megawatts of affordable electricity, contributing significantly to the province’s energy needs. Key Benefits: Economic Impact: The project is projected to generate an annual income exceeding Rs. 1.7 billion.Employment Creation: New job opportunities will be created, fostering economic stability in the region.Special Assistant to the KP Chief Minister on Energy, Tariq Mehmood Sadozai, highlighted the project’s importance during an emergency visit to the site.…

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Speakers term sustainable, affordable energy critical for country’s development

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Hydro-conf

Speakers at day long International Hydropower Conference while terming sustainable energy critical for development of any country on Thursday stressed the need for harnessing the untapped hydel potential to meet Pakistan’s future growing energy demands. Islamabad: The 4th International Hydropower Conference 2025, hosted by Energy Update in collaboration with the Private Power Infrastructure Board (PPIB) and the International Hydropower Association, brought together industry leaders, policymakers, and global experts to discuss hydropower’s transformative role in shaping a sustainable energy future for Pakistan.The speakers highlighted various challenges, including the significant financing and…

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1st Pakistani trade delegation will visit Bangladesh this week President FPCCI

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FPCCI

35 businessmen will meet with Chief Advisor BD Mohammad Younus and other high profile officials Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that FPCCI is taking a prominent multi-sectoral exporters’ delegation to Bangladesh this week to strive for a breakthrough in economic, commercial and trade relations between the two countries. The delegation is looking forward to meet Dr. Muhammad Yunus, Chief Advisor to the interim government of Bangladesh and Sheikh Bashir Uddin, commerce advisor to the interim government, he added. Mr. Atif Ikram Sheikh stressed that the business,…

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