Category: Latest News

Bajaur Solar Project Remains Incomplete Even After Seven Years

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Bajaur-Solar

BAJAUR: A solar power project initiated by the Pakhtunkhwa Energy Development Organisation (PEDO) in 2019 to supply affordable and uninterrupted electricity to Khar Bazaar remains incomplete and non-operational even after seven years, despite repeated deadlines and partial completion, according to official sources and local traders. The mini solar grid station is part of nine similar projects planned for the merged districts, aimed at easing power shortages and providing low-cost electricity to local communities. The overall cost of these schemes was estimated at around Rs575 million under the Khyber Pakhtunkhwa Annual…

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Oil Industry Urges PM to Reject Windfall Tax, Clear Rs66 Billion Outstanding Claims

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ISLAMABAD: Pakistan’s oil industry has voiced strong opposition to a proposed windfall tax on inventory gains in the upcoming federal budget and expressed concern over delays in the payment of outstanding Price Differential Claims (PDCs), warning that the sector is facing severe liquidity pressures. In a letter addressed to Prime Minister Shehbaz Sharif, the Oil Companies Advisory Council (OCAC), which represents more than 30 oil marketing companies (OMCs) and refineries, sought an urgent meeting to discuss issues affecting the financial sustainability of the downstream petroleum sector. OCAC Chairman Asif Iqbal…

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Revived JJVL Gas Plant to Save Pakistan $200 Million Annually in Foreign Exchange

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ISLAMABAD: Pakistan is poised to save nearly USD 200 million annually in foreign exchange following the revival of the long-dormant Jamshoro Joint Venture Limited (JJVL) gas processing plant, a major energy infrastructure project restored with the facilitation of the Special Investment Facilitation Council (SIFC) after remaining inactive for almost five years. The reopening of the plant is being hailed as a significant milestone in the government’s efforts to strengthen energy security, reduce import dependence, and revive strategically important industrial assets. JJVL, Pakistan’s first gas processing facility equipped with advanced Ortloff…

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Govt Forms High-Level Task Force to Develop National Waste-to-Energy Policy

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ISLAMABAD: In a significant step towards sustainable waste management and clean energy development, the federal government has constituted an 18-member high-level task force to formulate a comprehensive national Waste-to-Energy (WtE) policy aimed at addressing regulatory gaps and attracting investment in the sector. According to an official notification issued by the Power Division, the task force has been established on the directives of the Prime Minister to review the existing policy and regulatory framework and propose measures for the development of waste-to-energy projects across Pakistan. Federal Minister for Power, Sardar Awais…

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IMF Proposes GST Hike to 19%; Solar Panels and Electric Vehicles May Become Costlier

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ISLAMABAD: The International Monetary Fund (IMF) has proposed increasing Pakistan’s standard General Sales Tax (GST) rate from 18 percent to 19 percent in the Federal Budget 2026-27 as part of efforts to boost tax revenues and address persistent revenue shortfalls. However, Pakistani authorities have strongly opposed the proposal, arguing that an increase in GST would fuel inflation and place an additional burden on consumers already struggling with rising living costs. According to sources, the IMF has recommended the one-percent GST increase to help the government achieve a tax revenue target…

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