Category: Latest News

Balochistan Cabinet Approves $14 Billion Gwadar Gas Terminal Project

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Gwadar-Gas

QUETTA: The Balochistan cabinet has approved the development of a $14 billion tri-state gas terminal in Gwadar, backed by investment from Turkmenistan, marking a major step toward strengthening Pakistan’s energy infrastructure and regional connectivity. The decision was taken during a cabinet meeting chaired by Chief Minister Mir Sarfraz Bugti, who directed the Senior Member of the Board of Revenue to ensure that Balochistan’s legal, financial, and ownership rights are fully safeguarded throughout the project. Speaking at a post-meeting press conference, Provincial Ministers Mir Zahoor Buledi and Mir Ziaullah Langove said…

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Govt Plans New Power Tariff Package Amid Falling Electricity Demand, Seeks Rs1.20/Unit FCA Increase

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KE-Nepra

ISLAMABAD: The federal government has indicated that it is preparing a new electricity tariff package in response to declining power demand, while simultaneously seeking approval for an additional Rs1.20 per unit Fuel Cost Adjustment (FCA) to recover Rs15.7 billion from consumers through August electricity bills. During a public hearing held by the National Electric Power Regulatory Authority (NEPRA), officials revealed that electricity demand continued to weaken, with power consumption in June 2026 declining by 3.3% year-on-year. Total electricity sales fell to 9.995 billion units, compared to 10.337 billion units in…

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PSX tumbles as fresh Middle East tensions revive energy supply concerns

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psx-down

The Pakistan Stock Exchange (PSX) came under heavy selling pressure on Wednesday as fresh attacks in the Middle East ended the relative calm of recent days in the US-Iran conflict, stoking fears over energy supply routes. According to the PSX website, trading opened on a bearish note, with the benchmark KSE-100 Index shedding over 1,600 points in the first few minutes. The decline deepened as the session progressed, with losses exceeding 1,900 points at one stage.  Selling was broad-based, hitting automobile assemblers, cement, chemicals, commercial banks, oil and gas exploration…

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Senate panel flags billions in capacity payments to idle IPPs as burden on consumers

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IPPS

The Senate Standing Committee on Cabinet Secretariat on Tuesday raised serious concerns over billions of rupees in capacity payments to non-operational Independent Power Producers (IPPs), calling the payments an unnecessary burden on electricity consumers. The committee, which met under the chairmanship of Senator Rana Mahmood Ul Hassan, unanimously called for accountability at NEPRA and decided to refer the matter of unauthorised increases in the salaries and allowances of its chairman and members to the Public Accounts Committee (PAC) for detailed examination. During a briefing on circular debt and capacity payments…

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Power division pins blame for circular debt on ‘Q Block’

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Power-sector

ISLAMABAD: The power division on Tuesday blamed the Ministry of Finance for a Rs61 billion increase in power sector circular debt, which rose to Rs1.675 trillion by June 30 this year from Rs1.614tr a year earlier. “Due to the budget deduction of Rs98bn, the circular debt witnessed an increase of Rs61bn” during FY2025-26, the power division said in a statement. It did not release the end-year financial report, which is pending regulatory and statutory approval. As such, the power sector circular debt, excluding K-Electric, concluded the fiscal year at Rs1.675tr.…

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