Category: Highlights

Dispute Persists Between Power Division and KE Over Jamshoro Plant’s Conversion to Thar Coal

Admin
Thar-coal

ISLAMABAD: The ongoing disagreement between the Power Division and K-Electric (KE) regarding the conversion of the Jamshoro Power Plant from imported to indigenous Thar coal remains unresolved, with both parties clashing over the interpretation of committee meeting minutes, sources told Business Recorder. The contention revolves around the Bankable Feasibility Study (BFS) for the conversion. KE claims that the minutes circulated from the fifth committee meeting on March 25, 2025, do not accurately capture its concerns or the procedural clarity it had provided. KE emphasized the importance of initiating the technical…

Read More

Trump’s Proposed Tariffs Pose $1.4 Billion Threat to Pakistan’s Exports: PIDE

Admin
New-Tariffs

ISLAMABAD: A state-owned think tank has warned that the United States’ proposed tariff hikes on Pakistani goods — initially announced by former President Donald Trump and now temporarily suspended — could severely damage Pakistan’s export sector, particularly textiles, risking up to $1.4 billion in annual losses. In a policy note titled “Impact of Unilateral Tariff Increase by United States on Pakistani Exports”, the Pakistan Institute of Development Economics (PIDE) cautioned that the US-imposed 29% reciprocal tariffs, when added to the existing 8.6% MFN tariff, would total nearly 38%, triggering a…

Read More

Inverex Leads Pakistan’s Green Revolution with Electric Vehicles and Next-Gen Solar Innovations

Admin
New-Project61

Inverex, a frontrunner in Pakistan’s solar energy sector, is making a groundbreaking leap into the electric vehicle (EV) market—becoming the first Pakistani solar company to do so. This strategic move reinforces Inverex’s mission to promote clean energy and reduce the country’s dependence on fossil fuels. The landmark announcement was made during an exclusive event in Kuala Lumpur, Malaysia, where Inverex unveiled its latest innovations to a packed audience of clean energy stakeholders, including Pakistani dealers, installers, contractors, and renewable energy advocates. The company showcased a wide range of cutting-edge products…

Read More

OGDCL Targets 2027 for Production in ADNOC’s Offshore Block-5, Eyes Expansion in Minerals

Admin

ISLAMABAD, April 10, 2025: Pakistan’s state-run Oil and Gas Development Company Limited (OGDCL) plans to commence production from Abu Dhabi’s Offshore Block-5 by 2027, marking a major step in its international expansion, said CEO Ahmed Hayat Lak on Wednesday. Speaking on the sidelines of the Pakistan Minerals Investment Forum 2025, Lak stated that while reserves in the ADNOC-partnered block are still under evaluation, the company anticipates production within two years. Domestically, OGDCL aims to ramp up its oil production from 37,000 to over 50,000 barrels per day and increase gas…

Read More

Fuel Prices in Pakistan May Drop by Up to Rs12 Amid Falling Global Oil Rates

Admin
Fuel-Price

Islamabad, April 10, 2025: Consumers in Pakistan could soon see a significant drop in fuel prices, with a potential reduction of up to Rs12 per litre in petrol and diesel, following a sharp decline in global crude oil prices, according to sources in the Petroleum Division. Brent crude oil has experienced a steep fall over the past week, currently trading at $60.12 per barrel—down from $74.74 on March 31. Although prices briefly rose to $74.95 on April 1 and 2, they have since plummeted by more than $14 per barrel.…

Read More