Category: Latest News

ISLAMABAD: Electricity consumers have urged the National Electric Power Regulatory Authority (Nepra) to conduct a comprehensive audit of power distribution companies (DISCOs) before approving their request to recover Rs455 billion through increased tariffs. During a public hearing held by Nepra on Friday, stakeholders criticized the lack of transparency in the interim tariff applications submitted by eight DISCOs under the multiyear tariff (MYT) regime for FY2025-26 to FY2029-30. Karachi Chamber of Commerce and Industry (KCCI) representative Tanveer Bari emphasized the need for DISCOs to disclose their investment plans, highlighting that many…

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KARACHI: K-Electric (KE) successfully concluded the Grand Finale of the Energy Progress & Innovation Challenge (EPIC) 2025, reaffirming its commitment to innovation and localisation in Pakistan’s evolving energy landscape. From over 250 national submissions, 10 standout projects were shortlisted, with three top teams awarded Rs1.5 million, Rs1 million, and Rs750,000, respectively. The first prize went to NUST for a tamper-proof PMT-based load shedding solution. GCU Faisalabad secured second place for their AI-powered demand forecasting model, while NED University claimed third for an optimised AI-based electricity forecasting system. A prestigious jury…

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ISLAMABAD: In a significant blow to Pakistan’s oil refining sector, the International Monetary Fund (IMF) has rejected key government proposals intended to unlock \$6 billion in refinery upgrade investments, stalling efforts to produce Euro-V standard fuels. According to senior Petroleum Division officials, the IMF’s disapproval has derailed plans critical to Pakistan’s energy transformation. The proposals aimed to restore zero-rated status for petroleum products and introduce a 10% sales tax on imports of new machinery and spare parts necessary for upgrades. The IMF rejected both, citing implementation and verification concerns. Federal…

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