Category: Latest News

Pakistan Overhauls DGPC to Attract Global Oil and Gas Investment

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ISLAMABAD: In a decisive move to revitalize Pakistan’s oil and gas exploration sector, the government has launched a major restructuring of the Directorate General of Petroleum Concessions (DGPC) — the key regulatory body overseeing the nation’s upstream energy industry. The Petroleum Division has constituted a seven-member reform committee, notified on October 3, 2025, to lead the transformation. The initiative aims to align DGPC operations with international best practices, enhance investor confidence, and modernize the regulatory and governance framework for petroleum concessions. Under its mandate, the committee will conduct a comprehensive…

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Growatt Recognized as Tier 1 PV Inverter Supplier by S&P Global

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Growatt, a world-leading provider of distributed solar and energy storage solutions (ESS), proudly announces its recognition as a Tier 1 PV inverter supplier by S&P Global Commodity Insights. This milestone reinforces Growatt’   s position as a global leader in solar energy and reflects the company’   s long-standing commitment to making sustainable energy accessible for homeowners, businesses, and communities worldwide. Tier 1 Recognition: A Testament to Innovation and Trust Being ranked as a Tier 1 solar inverter supplier underscores Growatt’   s strength across diverse solar markets and its consistent delivery of…

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PPIB to Decide Future of 300MW Gwadar Coal Power Project Today

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ISLAMABAD: The Private Power and Infrastructure Board (PPIB) is poised to decide the fate of the 300MW coal-fired power project in Gwadar, proposed by M/s CIHC Pak Power Company Limited (CPPCL), during its board meeting scheduled for Thursday (today), official sources told Business Recorder. The development comes as the government has already approved a 100MW solar photovoltaic (PV) project in Gwadar, which will utilize confiscated solar panels recovered by the Federal Board of Revenue (FBR) — signaling a shift towards cleaner energy in the region. The proposed coal project, a…

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Substandard Batteries Threaten Pakistan’s EV Future, Warns PAMA Chief

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LAHORE: Director General of the Pakistan Automotive Manufacturers Association (PAMA), Abdul Waheed Khan, has cautioned the government against extending subsidies to substandard electric vehicles (EVs), warning that such support could undermine consumer confidence and derail the country’s transition to clean mobility. He noted that despite subsidies, consumers still invest significant amounts from their own pockets and must not be compelled to buy EVs equipped with low-quality batteries marketed as advanced technology. “Over 90% of electric two-wheelers being sold in Pakistan use lead-acid batteries with a thin graphene coating—it’s misleading,” he…

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EV Transition Faces Roadblocks: Industry Urges Phased Approach, Localisation, and Green Grid

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KARACHI: Industry leaders and policy experts have urged a pragmatic, phased approach to implementing Pakistan’s New Electric Vehicle Policy (NEVP) 2025–30, saying that ambitious targets for EV adoption can only be met through strong infrastructure, local manufacturing, and a cleaner energy mix. Speaking at the event “Shifting Gears: Launch of Automotive Study and Stakeholders Dialogue” — organised by Indus Consortium in Karachi — participants highlighted major obstacles, including limited charging infrastructure, high upfront costs, and the national grid’s heavy reliance on fossil fuels. Pakistan currently operates only 35 public charging…

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