Category: Latest News

Dasu Hydropower Project to Become Pakistan’s Largest Power Producer

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Dasu-Hydropower1

ISLAMABAD: The Dasu Hydropower Project is set to become Pakistan’s largest electricity-producing hydropower facility in terms of annual energy generation once completed, significantly strengthening the country’s renewable energy capacity. According to details shared by the Water and Power Development Authority (WAPDA), the project will have a total installed capacity of 4,320 megawatts. Upon completion, it is expected to generate approximately 21 billion units (kWh) of electricity annually, making it one of the most significant hydropower developments in the country. Located in the northern region of Pakistan, the mega project is…

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AGP Recommends Aligning DISCOs’ Operational Framework with K-Electric Model

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Power-Sector

ISLAMABAD: The Auditor General of Pakistan (AGP) has recommended restructuring the operational framework of Pakistan’s public-sector power distribution companies (DISCOs) to align with the commercial model followed by K-Electric, which operates under a ring-fenced structure and does not contribute to the country’s growing circular debt. According to audit observations, the model adopted by K-Electric ensures that operational inefficiencies are absorbed within the company’s own balance sheet rather than being passed on to the national power supply chain or electricity consumers. The recommendation refers to the strategic plan for the privatisation…

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Maryam Nawaz Reviews Fuel Supply Situation with Federal Ministers

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Maryam-Nawaz

LAHORE: Punjab Chief Minister Maryam Nawaz held a meeting with Federal Finance Minister Muhammad Aurangzeb and Federal Minister for Petroleum Ali Pervaiz Malik to review the fuel supply situation and assess the potential impact of the ongoing regional conflict on petroleum availability in the province. During the meeting, participants examined the supply, demand and existing reserves of petroleum products in Punjab. They also discussed measures aimed at maintaining a balance between fuel demand and supply in view of the evolving global energy situation. The participants agreed to adopt a fuel…

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KP Seeks Greater Provincial Role in Pakistan’s Integrated Energy Plan

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Basha-Dam

ISLAMABAD: The Government of Khyber Pakhtunkhwa has urged the federal government to ensure stronger provincial participation in the under-development Integrated Energy Plan (IEP), stressing the need to prioritise hydropower development, strengthen transmission infrastructure in the province, and establish transparent revenue-sharing mechanisms in line with the spirit of the Eighteenth Amendment to the Constitution of Pakistan. The proposals were submitted by the Additional Secretary (Oil & Gas), Energy and Power Department of KP to the Power Division of Pakistan in response to its letter dated February 23 and following a meeting…

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Oil Prices Surge Nearly 20% Amid Supply Fears as US-Israel Conflict With Iran Escalates

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New-Oil1

TOKYO: Global oil prices surged sharply in early trading on Monday, rising by nearly 20 percent and reaching their highest levels since July 2022, as the expanding conflict between the United States, Israel, and Iran heightened fears of supply disruptions and shipping risks in the Middle East. Benchmark Brent crude futures jumped as much as $18.35, or 19.8 percent, to $111.04 per barrel before easing slightly to $107.07, still up $14.38 or 15.5 percent in early trading. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures climbed $15.27, or 16.8 percent,…

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