Category: Latest News

Pakistan Shares Future Power Generation Plans with German Development Agency

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ISLAMABAD: Federal Minister for Power Sardar Awais Ahmed Khan Leghari has outlined the government’s future power generation roadmap, aimed at building a sustainable, transparent, and modern energy system to address current sectoral challenges. He shared the plans during a meeting with a delegation of the German development agency (GIZ) led by Deputy Head of Mission Arno Kirchhof. Discussions focused on ongoing cooperation under the €7 million “Decarbonization and Digitization of Power Distribution Network” program, launched in 2024 and set to continue until 2026. The initiative provides technical assistance to the…

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Govt Hikes Petrol, Diesel Prices; LPG Rates Cut for October

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ISLAMABAD: The federal government on Tuesday announced a hike in petroleum prices, raising petrol by Rs4.07 and high-speed diesel (HSD) by Rs4.04 per litre for the next fortnight. According to the Finance Division, the new price of petrol stands at Rs268.68 per litre, up from Rs264.61, while HSD has risen to Rs276.81 from Rs272.77. The decision was made on the recommendations of the Oil and Gas Regulatory Authority (Ogra) and relevant ministries. Petrol, widely used in motorcycles, rickshaws, and private vehicles, directly impacts middle- and lower-income households, whereas HSD powers…

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Pakistan Reaffirms Clean Energy Commitment at COMSATS Forum

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The Commission on Science and Technology for Sustainable Development in the South (COMSATS), in collaboration with a number of national and international partner organizations, held international Seminar on The Future of Energy: Innovations in Renewable and Clean Energy Technologies. Federal Minister for power Sardar Awais Ahmed Khan Leghari, graced the inaugural ceremony of the event, as Chief Guest, held at COMSATS University Islamabad (CUI). Ambassadors and diplomats of Palestine, Philippines, Somalia, Syria, Sudan, and Zimbabwe also attended the inauguration. The Federal Minister noted that although Pakistan contributes less than 1%…

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Experts Urge Responsible Mining to Unlock Pakistan’s Minerals Economy

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Reko-Diq

KARACHI: Pakistan must embrace responsible mining standards to realise the full potential of its vast mineral wealth, experts emphasised at a webinar hosted by Renewables First on “Building Pakistan’s Mineral Economy.” With momentum growing after the revival of the Reko Diq project, panellists highlighted the need for fiscal reforms, harmonised policies, credible geological data, and strong community engagement to attract global investment. White & Case LLP partner Kamran Ahmad termed Reko Diq a “game changer,” saying its financing framework sets a precedent for other ventures. Dr Hamid Ashraf of the…

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Pakistan Moves to Settle Rs320bn CPEC Plant Dues With Rs565bn Financing

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CPEC-IPPs

ISLAMABAD: Pakistan has secured Rs565 billion under a Rs1.225 trillion financing package with 18 commercial banks, paving the way for long-delayed settlements with seven China-Pakistan Economic Corridor (CPEC) coal-based Independent Power Producers (IPPs). Of the total raised, Rs660 billion has already been allocated to clear Power Holding Company (PHL) debt, while the remaining Rs565 billion is earmarked for payments to CPEC coal plants and 49 wind and solar IPPs. The government is pressing Chinese operators for a Rs170 billion waiver in late payment interest (LPI), reducing the Rs320 billion outstanding…

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