Category: Latest News

Pakistan Targets 60% Renewable Energy by 2030, Says FM Dar at UN Forum

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Renewable-Energy

ISLAMABAD/NEW YORK: Deputy Prime Minister and Foreign Minister Ishaq Dar has reaffirmed Pakistan’s commitment to sustainable development, announcing a target of 60% renewable energy by 2030 during his address at the UN High-Level Political Forum (HLPF) in New York. Speaking at the General Debate of the Ministerial Segment, Dar emphasized that Pakistan’s development strategies, including the Uraan Pakistan initiative, are aligned with the Sustainable Development Goals (SDGs). He cited climate challenges, pandemic impacts, and global economic crises as factors that have reversed development gains, but reiterated Pakistan’s resolve to stay…

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Govt Forms Four Panels to Tackle Gas Sector Challenges

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Oil-Gas

ISLAMABAD: The government has constituted four specialised sub-committees to address critical issues plaguing Pakistan’s gas sector, including circular debt, LNG tariff structures, unaccounted-for gas (UFG) losses, and the rising share of imported LNG in the national gas system. The initiative falls under the broader mandate of the Committee on Implementing Structural Reforms in the Petroleum Sector, chaired by the Minister for Petroleum and Natural Resources and formed by the Prime Minister. The committee includes key officials such as the Advisor to the PM on Privatisation, National Coordinator on Energy Reforms,…

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Customs Fixes Revised Import Value for Solar Panels at \$0.08–\$0.09/Watt

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solar energy

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has issued a new valuation ruling, fixing the customs value of imported solar panels at \$0.08 to \$0.09 per watt, reflecting a downward revision in line with global market trends. As per Valuation Ruling No. 2012/2025 issued on Monday, the revision follows multiple representations from stakeholders, including a formal request by the Pakistan Solar Association (PSA) dated January 21, 2025. The PSA had urged the directorate to reassess the previous ruling (No. 1894/2024) issued on July 4, 2024, citing a significant drop…

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Govt Faces Dilemma Over CPEC Power Plants in Circular Debt Settlement Plan

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Power-Tariff

ISLAMABAD: The government is facing a critical challenge in distributing payments to Independent Power Producers (IPPs) under its Rs1,275 billion circular debt settlement plan, as Chinese IPPs operating under the China-Pakistan Economic Corridor (CPEC) have not agreed to revise their Power Purchase Agreements (PPAs). A senior Power Division official confirmed that while negotiations have progressed with many local IPPs to revise contracts for cost relief, the treatment of Chinese power projects remains a sticking point. “The dues owed to CPEC power plants have now soared to Rs48 billion,” the official…

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China Launches World’s Largest Hydropower Dam in Tibet, Sparking Concern in India

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Global-Hydropower

BEIJING: Chinese Premier Li Qiang has officially launched the construction of a mega hydropower project on the Tibetan Plateau, which is expected to become the world’s largest hydroelectric facility. The dam, located on the lower reaches of the Yarlung Tsangpo River in Nyingchi, Tibet, has triggered alarm in India and Bangladesh over potential downstream impacts. The Yarlung Tsangpo River flows into India as the Brahmaputra, passing through Arunachal Pradesh and Assam before entering Bangladesh. Concerns have been raised about the project’s possible effects on water availability, food security, environmental stability,…

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