Category: Highlights

Federal, Sindh govts agree to construct M6 highway from Karachi to Sukkur instead of from Hyderabad to Sukkur.

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Murad-Ali

KARACHI (Oct 24): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister of Communication Aleem Khan, during their meeting at CM House, agreed to build a M6 Motorway not from Hyderabad to Sukkur but from Karachi to Sukkur via Hyderabad. They agreed to explore the possibility of constructing the motorway through a Public-Private Partnership (PPP) or a consortium to be formed by the provincial and federal governments. The CM said that his team would study the options and ways to make this happen. This emerged in a meeting held…

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KCCI appeals Govt to notify six working days to uplift economy, facilitate trade & industry

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KCCI-Import

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has appealed the government to immediately reinstate six working days for federal and provincial governments and all their relevant authorities, institutions, and departments to uplift the economy and facilitate trade and industry.In a letter sent to Prime Minister Shehbaz Sharif, President KCCI stated that since 2011, the business & industrial community has constantly been facing a lot of hardships due to additional weekly holidays every Saturday being observed by the ministries, government departments, State Bank of Pakistan, Federal…

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Finance Ministry Opposes Legalisation of Revenue-Based Load Shedding

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Load-shedding

ISLAMABAD: The Ministry of Finance (MoF) has expressed reservations over the Power Division’s proposal to legalise revenue-based load shedding, arguing that the plan lacks sufficient data to justify its economic benefits, according to sources cited by Business Recorder. Currently, power Distribution Companies (Discos) and K-Electric (KE) enforce economic load shedding as per the Power Division’s policy, which lacks legal backing from the National Electric Power Regulatory Authority (Nepra). Nepra’s Chairman, Ch Waseem Mukhtar, recently declared revenue-based load shedding illegal, suggesting the government should either cease the practice or amend the…

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Power Generation Drops 6.4% as Energy Mix Shifts and Demand Slows

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Power-Project

KARACHI: Power generation in Pakistan dropped by 6.4% to 12,487 gigawatt-hours (GWh) in September, compared to the same month last year. The decline was driven by rising energy costs, an increase in off-grid solar power production, and weakening demand from struggling industrial sectors. This reduction in demand for national grid power is expected to raise the capacity payment burden on consumers, further increasing electricity costs. Despite government efforts to lower power prices through reforms and ongoing negotiations with Independent Power Producers (IPPs), the burden persists. Nuclear power generation fell sharply…

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OGDCL Wins Corporate Excellence Award 2024

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OGDCL-Awards

The Oil and Gas Development Company Limited (OGDCL) has secured the prestigious Corporate Excellence Award 2024 in the Oil and Gas Exploration category. The accolade, organized by the Management Association of Pakistan (MAP), highlights OGDCL’s outstanding management practices and unwavering commitment to operational excellence in the energy sector. Mr. Javed Raza Soomro, General Manager (Production) at OGDCL, received the award on behalf of the company during a ceremony held in Karachi. The event was graced by the presence of Chief Minister Sindh Murad Ali Shah and Governor Khyber Pakhtunkhwa Faisal…

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