Category: Latest News

Pakistan Cancels 21 LNG Cargoes from Eni Amid Demand Slump and Oversupply

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lng-usa

KARACHI: Pakistan has reached an agreement with Italy’s Eni to cancel 21 liquefied natural gas (LNG) cargoes scheduled under a long-term contract, in a bid to manage excess gas supply in its distribution network, according to an official document and industry sources. A letter from Pakistan LNG Limited (PLL) to the Ministry of Energy dated October 22 revealed that 11 cargoes planned for 2026 and 10 for 2027 will be scrapped at the request of Sui Northern Gas Pipelines Limited (SNGPL). Only one cargo each in January 2026 and 2027,…

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World Bank Study Reveals Pakistan’s True Urbanisation at 88%, Far Higher Than Official Estimates

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World-Bank

ISLAMABAD: A new World Bank policy research working paper has found that Pakistan’s actual level of urbanisation stands at nearly 88 per cent, significantly higher than the 39 per cent reported in official statistics. Titled “When Does a Village Become a Town?: Revisiting Pakistan’s Urbanisation Using Satellite Data”, the study employs satellite imagery and the Degree of Urbanisation (DoU) methodology to assess population density and settlement patterns. It concludes that Pakistan’s urban population is almost twice the size reflected in administrative data, which only accounts for major cities and ignores…

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IESCO Board Accelerates Digital Transformation to Enhance Transparency and Customer Service

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New-IESCO

ISLAMABAD: Chairman Islamabad Electric Supply Company (IESCO) Dr. Tahir Masood has said that the company’s Board of Directors is implementing a comprehensive modernization strategy aimed at upgrading both administrative and technical systems to meet contemporary needs. In an official statement, Dr. Masood emphasized that transparency, governance improvement, and superior customer service are the board’s foremost priorities. He said that several initiatives have been launched under the board’s vision of digital transformation, fostering openness in operations and enabling consumers to access high-quality and timely services electronically. He highlighted that modern Customer…

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PEDO and UET Peshawar Join Hands to Advance Renewable Energy Research and Innovation

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New-Project93

PESHAWAR: The Pakhtunkhwa Energy Development Organization (PEDO) and the University of Engineering and Technology (UET) Peshawar have signed a Memorandum of Understanding (MoU) to strengthen cooperation in renewable energy research, technology development, and capacity building for 2025–2026. The signing ceremony was held at the Center for Advanced Studies in Energy (CAS-E), UET Peshawar. The agreement was signed by Prof. Dr. Sadiq Khattak, Vice Chancellor of UET Peshawar, and Muhammad Zubair Khan, Secretary Energy and Power, in the presence of Syed Habib Ullah Shah, CEO PEDO, and senior officials from both…

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HUBCO’s CPEC-Linked Thar Power Projects Achieve Full Completion Milestone

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HUBCO-Project

KARACHI: The Hub Power Company Limited (HUBCO), Pakistan’s largest independent power producer (IPP), has announced the formal completion of its two China-Pakistan Economic Corridor (CPEC)-linked Thar coal power projects — Thar Energy Limited (TEL) and ThalNova Power Thar (Private) Limited (TN) — marking a major milestone in the country’s energy development journey. In a notification to the Pakistan Stock Exchange (PSX) on Monday, HUBCO confirmed that lenders of both projects had declared the Project Completion Date (PCD) for the two 2x330MW mine-mouth coal-fired plants on October 31, 2025. According to…

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