Category: Latest News

PAC Grills Power Division Over Soaring Costs, Load shedding, and Sector Mismanagement

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Power-sector

ISLAMABAD, 23 July 2025 — The Public Accounts Committee (PAC) launched a scathing critique of the Ministry of Energy during a detailed review of audit objections, highlighting skyrocketing electricity costs, unchecked growth in capacity payments to independent power producers (IPPs), prolonged load-shedding, and stalled development projects. Chaired by MNA Junaid Akbar Khan, the PAC questioned officials from the Central Power Purchasing Agency (CPPA-G) on the exponential rise in IPP capacity—from 9,765MW in 2015 to 25,642MW in 2024—and the corresponding surge in annual capacity payments from Rs141 billion to Rs1.4 trillion.…

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91% of New Renewable Projects in 2024 Outcompeted Fossil Fuels on Cost: IRENA

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Solar-wind

IRENA Report Confirms Renewables’ Global Cost Leadership Amid Grid, Financing Challenges Abu Dhabi, 23 July 2025 — The International Renewable Energy Agency (IRENA) has confirmed that 91% of new renewable energy projects commissioned in 2024 were cheaper than the most affordable fossil fuel alternatives. In its latest Renewable Power Generation Costs in 2024 report, IRENA highlights that renewables are now the world’s most cost-effective power sources—delivering economic, environmental, and security benefits globally. Onshore wind emerged as the most economical technology at USD 0.034/kWh, while solar PV followed at USD 0.043/kWh—making…

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OGRA initiated Comprehensive Digitisation of Oil Supply Chain to Ensure Transparency, Curb Pilferage, and Strengthen National Energy Security

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New-Project11

Islamabad, July 22, 2025 — The Oil & Gas Regulatory Authority (OGRA) has conducted a semniar at OGRA Headquarters to formally initiated a comprehensive digital platform to fully digitise Pakistan’s oil supply chain and is at highly advanced stage of the development. The digitisation will cover the import terminals to the fuel dispensing stations, in a move aimed at eliminating inefficiencies, curbing pilferage, and restoring public trust in the energy sector. In a decisive statement, the Chairman OGRA Masroor Khan affirmed: “Pakistan’s oil sector must embrace digitisation — fully and…

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Business Leaders Meet COAS, Express Full Support for Economic Reforms

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Asim-Munir

ISLAMABAD: A high-level delegation of leading industrialists, headed by former caretaker minister Gohar Ejaz, called on Chief of Army Staff Field Marshal Asim Munir on Monday to discuss Pakistan’s economic challenges and the path to recovery. According to Geo News, the delegation included APTMA Chairman Kamran Arshad, SM Tanvir, and the presidents of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Lahore Chamber of Commerce and Industry (LCCI). During the meeting, Gohar Ejaz highlighted the gradual return of economic stability and reaffirmed the business community’s strong…

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Pakistan Post to Take Over Electricity Bill Distribution Nationwide

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Pak-Post.

ISLAMABAD: In a major service reform, Pakistan Post is set to take on the task of printing and delivering electricity bills across the country, following an agreement in principle with all electricity distribution companies (DISCOs). According to a senior official, Postmaster Generals have been instructed to coordinate with respective DISCOs and formulate a distribution plan for the pilot phase by July 25. The initiative, approved during a meeting on July 17, will initially be launched as a pilot project, with full-scale implementation planned over the next six months, based on…

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