Category: Latest News

ISLAMABAD: The World Bank has highlighted mixed progress in Pakistan’s strategically important Dasu Hydropower Project, warning that execution challenges and macroeconomic pressures continue to pose risks despite overall implementation remaining on track. In its latest Implementation Status and Results Report, the Bank rated overall project implementation as “moderately satisfactory,” but downgraded progress toward achieving development objectives from “satisfactory” to “moderately satisfactory.” The project retains a “high” overall risk rating due to governance issues, economic instability, and institutional capacity constraints. The 2,160MW run-of-river project on the Indus River is a cornerstone…

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ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has successfully restored gas production from the Jand-1 well in Attock district, marking a significant boost in output after years of disruption. In a notice submitted to the Pakistan Stock Exchange, the company stated that the well is currently producing over 21 million standard cubic feet per day (MMSCFD) of gas at a wellhead flowing pressure of 3,585 psi—three times higher than its previous production level of around 7 MMSCFD. The Jand-1 well was initially brought online in 2019 via the Dakhni…

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QUETTA: Unidentified assailants attacked a project site of National Resources Limited (NRL) in Balochistan on Tuesday evening, triggering a swift response from security forces who have since secured the area and launched a clearance operation. According to a company statement, the attack occurred at approximately 5:45pm at the Darigwan site. Security personnel, including the Frontier Corps, responded promptly, stabilizing the situation and initiating a sweep to ensure the safety of workers and infrastructure. NRL confirmed it is coordinating closely with law enforcement agencies and will share further updates as the…

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ISLAMABAD: Pakistan LNG Limited (PLL) has issued a tender to procure three liquefied natural gas (LNG) cargoes from the international market to help address the country’s growing energy shortfall. According to the tender notice published on Thursday, PLL is seeking bids for three LNG cargoes of approximately 140,000 cubic metres each on a delivered-ex-ship (DES) basis to Port Qasim, Karachi. The delivery windows are scheduled for April 27–30, May 1–7, and May 8–14, with the tender closing on April 24. PLL, a wholly owned subsidiary of Government Holdings Private Limited…

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ISLAMABAD: The Power Division on Wednesday dismissed as misleading reports claiming that the federal government has made it mandatory for solar consumers to obtain licences from the National Electric Power Regulatory Authority. In an official clarification, a spokesperson stated that licensing requirements related to solar net metering already exist under NEPRA’s regulatory framework and are not a new directive from the federal government. “The matter of licensing falls strictly within the domain of the regulator, while distribution companies (DISCOs) are responsible for implementing these rules,” the spokesperson said. He termed…

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