Category: Latest News

IRENA Assembly Sets Ambitious Energy Transition Agenda for 2026

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New-IRENA

Abu Dhabi, United Arab Emirates: The 16th Assembly of the International Renewable Energy Agency (IRENA) will take place from January 10–12, 2026, in Abu Dhabi, marking the first major international energy gathering of the year. Held under the theme “Powering Humanity: Renewable Energy for Shared Prosperity,” the Assembly aims to galvanize global momentum and cooperation around an accelerated, inclusive energy transition. The high-level meeting will bring together around 1,500 ministers and senior delegates from IRENA’s 171 Member States, alongside CEOs, investors, international organizations and youth leaders, to shape a shared…

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FPCCI Hosts High-Level Consultative Session on Export Performance Govt and Private Sector Strategize for Economic Stability Atif Ikram Sheikh, President FPCCI

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KARACHI: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), today hosted a high-level “Consultative Session with Stakeholders on Export Performance” at Federation House, Karachi, aimed at formulating strategies to boost Pakistan’s exports and strengthen the national economy. The session was chaired by the Federal Secretary for Commerce, Mr. Jawad Paul, and attended by key government officials including Mr. Saif Anjum, Secretary Industries & Production, senior TDAP officials, and stakholder trade bodies. In his welcome address, Mr. Atif Ikram Sheikh, President FPCCI, emphasized…

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PPL Appoints Interim CEO, Inducts Energy Ministry Official on Board

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ISLAMABAD: Pakistan Petroleum Limited (PPL) has announced key changes at the board and management levels, including the appointment of an interim Chief Executive Officer and a new ex-officio director, according to filings with the Pakistan Stock Exchange. In a disclosure, PPL said Mirza Nasiruddin Mashhood Ahmad, Special Secretary at the Ministry of Energy (Petroleum Division), has been appointed as an ex-officio director, replacing Imran Ahmed, Director General (Oil) at the same ministry. The appointment was made under Rule 5.6.1(a) of the Stock Exchange Rules. Separately, the company’s board approved the…

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Sino-Pak Green Energy Cooperation Drives Sustainable Growth, Report Says

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ISLAMABAD: Chinese solar solutions are increasingly powering Pakistan’s industrial and public sectors, helping stabilize electricity supply, lower operational costs, and support the country’s transition toward cleaner energy, according to a report by China Economic Net (CEN) on Friday. In Multan, a 300-kilowatt solar system at Laeeque Rafique Hospital provides a critical backup source, ensuring uninterrupted operation of essential medical equipment during grid disruptions. Hospital administrators said the system has strengthened energy security for patient care. At the Pak Rice Mill in Kamoke, a 400-kilowatt rooftop solar installation generates around 5.46…

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Pakistan Seeks World Bank Support to Refinance $36 Billion Energy Sector Debt

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World-Bank

ISLAMABAD: Pakistan has approached the World Bank for guidance on refinancing its $36 billion energy sector debt, which was incurred over the past decade to finance power projects. The government aims to replace expensive loans with cheaper, long-term multilateral financing to reduce electricity costs for consumers. According to sources, the proposal envisions a concessional debt facility with a 15-year repayment period, including a four-year grace period, to lower the heavy financial burden on the power sector. Officials indicated that refinancing could potentially cut power prices to 8–9 US cents per kWh…

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