Category: Latest News

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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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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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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ISLAMABAD, October 8, 2025 — The Indus River System Authority (IRSA) has unanimously rejected a proposal by the Water and Power Development Authority (WAPDA) to release nearly half of Tarbela Dam’s water storage within a month and to extend deadlines for two delayed tunnel projects — a move the regulator said could jeopardize water security for the upcoming Rabi season. At a meeting of the IRSA Advisory Committee (IAC) on Tuesday, chaired by Sahibzada Muhammad Shabbir, the authority expressed strong dissatisfaction with WAPDA’s prolonged delays in completing Tunnel-5 (T5) and…

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ISLAMABAD, October 8, 2025 — The World Bank has lowered Pakistan’s economic growth forecast to 2.6% for the current fiscal year, citing the severe impact of ongoing floods that have disrupted agriculture, trade, and food supply chains. The Washington-based lender’s latest Regional Economic Outlook for the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) highlights that the floods have significantly dampened growth prospects while pushing inflation up to 7.2%. The new projection marks a 0.5 percentage point cut from the Bank’s earlier forecast of 3.1% in April 2025, well below…

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