Category: Latest News

Turkish Investor Keen in Privitization of Power Sector Entities.

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New-Project51

Islamabad : December 2, 2025 Pakistan is looking forward to the participation of experienced and reputable international private-sector investors in the bidding for the privatization of its Power Distribution Companies (DISCOs). In this regard, the participation of Türkiye’s companies, with their vast experience, is considered very important. This was stated by Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, during his meeting with the Minister of Energy and Natural Resources of the Republic of Türkiye, Mr. Alparslan Bayraktar, in Islamabad today. The Federal Minister appreciated the Government of Türkiye…

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OMAP Asks SIFC to Clamp Down on Campaigns Undermining Foreign Investment

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OMAP-Project

KARACHI: The Oil Marketing Association of Pakistan (OMAP) has urged the Special Investment Facilitation Council (SIFC) to take decisive action against individuals and politically motivated groups allegedly running malicious campaigns aimed at discouraging foreign direct investment (FDI) in the country. In a letter addressed to Lt Gen Sarfraz Ahmed, National Coordinator at SIFC, OMAP expressed concern over “misleading, factually incorrect and malicious advertisements” being circulated against the petroleum sector. These efforts, it said, are designed to confuse the public, sow doubt, and undermine reputable companies operating fully within Pakistan’s legal…

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Rs23bn NGC–PMLTC Tax Dispute Referred to CPEC Review Committee

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New-CPEC

ISLAMABAD: A major financial dispute worth Rs23 billion between the National Grid Company (NGC) and the Pak Matiari–Lahore Transmission Company (PMLTC) has been escalated to the China–Pakistan Economic Corridor (CPEC) Review Committee, headed by Minister for Planning, Development and Special Initiatives Ahsan Iqbal. According to sources, Chinese-owned PMLTC has reported that NGC—formerly National Transmission and Dispatch Company (NTDC)—is refusing to pay Provincial Sales Tax on transmission service invoices, despite the levy becoming legally applicable in July 2023. The tax is contractually defined as a pass-through cost under the Transmission Service…

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SPEL Commissions 575KW Solar Plant, Expands Green Energy Capacity to 4.1MW

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New-SPEL

KARACHI: SPEL Limited (formerly Synthetic Products Enterprises Limited) has commissioned a 575KW solar power project, boosting its total renewable energy capacity to 4.1MW. The development was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. “This milestone marks another significant step in our Environmental, Social, and Governance (ESG) commitments,” the company said. “With the addition of the new 575KW project to our existing 3.55MW of green energy, SPEL now meets roughly 24%–29% of its annual electricity requirements through clean, renewable sources. This achievement reflects our dedication to…

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Turkiye, Pakistan Set to Sign Multibillion-Dollar Energy and Mineral Deals This Week

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Pak-Turk

ISLAMABAD: Pakistan and Turkiye are poised to elevate their strategic partnership as they prepare to sign multibillion-dollar agreements this week in the energy and mineral sectors, marking a major breakthrough in bilateral cooperation. A high-level Turkish delegation, led by Minister of Energy and Natural Resources Alparslan Bayraktar, will arrive in Islamabad on Tuesday to formalise partnerships in offshore exploration and mineral development. According to official sources, Turkish Petroleum Overseas Company (TPOC) and Pakistani exploration firms will sign a commercial agreement for the Eastern Offshore Block-C—an initiative recently cleared by the…

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