Category: Latest News

Work on 10 Key Sites of Mohmand Dam Progressing Satisfactorily: WAPDA

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Mohmand-Dam

PESHAWAR: Construction work on 10 key sites of the Mohmand Dam Project is progressing at a satisfactory pace, with overall project completion reaching around 50 per cent, the Water and Power Development Authority (WAPDA) said on Monday. Following the completion of pit excavation in mid-2025, rock fill work on the main dam has advanced to a height of 392 metres above mean sea level. Construction of the spillway has reached about 70 per cent completion, while structural works at the powerhouse have commenced after the successful completion of surface excavation…

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OGDCL Discovers New Oil and Gas Reserves in Khyber Pakhtunkhwa

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ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has announced a significant oil and gas discovery at its Baragzai X-01 (Slant) exploratory well in District Kohat, Khyber Pakhtunkhwa, further strengthening Pakistan’s indigenous hydrocarbon resource base. The development was disclosed by the state-owned exploration and production company in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. According to the notice, OGDCL — the operator of the Nashpa Exploration Licence with a 65 per cent working interest — made the discovery in partnership with Pakistan Petroleum Limited (PPL), which holds…

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World Bank, IsDB Review Pakistan’s Power Sector Reforms

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World-Bank

ISLAMABAD: Delegations from the World Bank and the Islamic Development Bank (IsDB) held separate meetings with Federal Minister for Power Sardar Awais Ahmed Khan Leghari on Monday to review ongoing reforms in Pakistan’s power sector, with discussions centred on sustainability, efficiency and long-term financial viability. According to an official statement, the World Bank delegation was led by Ousmane Dione, Vice President for the Middle East, North Africa, Afghanistan and Pakistan region, while the IsDB delegation was headed by Dr Rami Ahmad, Vice President (Operations). During the meetings, the minister briefed…

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Gul Plaza Inferno Leaves Rs100bn Losses, Exposes Karachi’s Deep Safety Failures

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KARACHI: A catastrophic third-degree fire that ripped through Gul Plaza on MA Jinnah Road late on January 17, 2026, has left at least 26 people dead, dozens injured and more than 60 missing, while destroying over 1,000 shops and causing an estimated Rs100 billion in economic losses. The multi-storey commercial complex, a key shopping hub for low- and middle-income households, was engulfed by flames that reportedly broke out on the ground floor before rapidly spreading to all levels. Thick plumes of black smoke could be seen across large parts of…

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Grid Constraints Drive Up Power Costs, Undermine Merit-Based Supply: Nepra

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ISLAMABAD: Pakistan’s national transmission system is grappling with a damaging combination of chronic overloading and underutilisation, resulting in higher electricity costs, operational inefficiencies and violations of the economic merit order (EMO), the National Electric Power Regulatory Authority (Nepra) has warned. In a detailed review of the national grid, Nepra noted that the backbone of the transmission network — the 500kV and 220kV systems — remained “mostly overloaded” at the close of FY2024-25, particularly during peak summer demand. The regulator said the National Grid Company (NGC) faced critical constraints across several…

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