Category: Latest News

Govt moves to exit traditional power procurement as competitive electricity market takes shape

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Power-sector

ISLAMABAD: The government has taken a major step towards transforming Pakistan’s power sector from the existing single-buyer model to a competitive electricity market, with industrial and large consumers set to gain the ability to purchase electricity directly from power producers. Federal Minister for Power Sardar Awais Ahmad Khan Leghari, in a video message, said the government was practically moving out of traditional electricity procurement and would no longer have the role of centrally purchasing electricity from producers and selling it to consumers under the existing model. The new mechanism will…

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Junaid Iqbal appointed President & CEO of Engro Corporation, to assume office in April 2027

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New-Project165

KARACHI: Engro Holdings Limited has announced the appointment of Mr. Junaid Iqbal as the successor to Mr. Ahsan Zafar Syed as President and Chief Executive Officer of Engro Corporation Limited. Mr. Junaid Iqbal, who currently serves as Advisor to the CEO of Engro Holdings, has been approved by the Board of Directors of Engro Corporation to become President and CEO upon the completion of Mr. Ahsan Zafar Syed’s current term in April 2027. The leadership transition is part of Engro’s succession planning and reflects the company’s vision for its next…

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Solar Power, BESS and Policy Reforms in Focus at 3rd International SolarPower ConclaveEvent to be held on September 24 at Lahore

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New-Project164

LAHORE: Pakistan’s rapidly expanding solar energy sector, investment opportunities in solar photovoltaic (PV) and Battery Energy Storage Systems (BESS), evolving net-metering policies and the challenges facing the renewable energy industry will come under discussion at the 3rd International SolarPower Conclave & Solar Technology Excellence Awards 2026, scheduled to be held on September 24, 2026, in Lahore. Organised by Energy Update, the conclave will bring together policymakers, government representatives, energy experts, solar industry leaders, technology providers, investors, consultants and other stakeholders to discuss the changing dynamics of Pakistan’s energy sector and…

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Yemen’s anti-Houthi forces launch inquest into sudden military collapse

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Iran fires missiles at Israel

A bitter inquest is under way among Yemen’s anti-Houthi forces as to how what was being billed as a decisive assault on Sana’a, the Houthi-controlled capital, suddenly collapsed into a military rout. More than 15 brigades were defeated as the country’s entire west coast fell into Houthi hands. Efforts are now being made to reorganise the anti-Houthi forces representing the UN-recognised Yemeni government in order to capture the Kahbob mountains, a strategic point from which to restrict Houthi forces moving closer to the crucial Bab al-Mandab strait. Some Yemeni politicians…

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Petrol price cut by Rs1.65, diesel by Re0.88 per litre

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New-Petrol-1

The government on Friday reduced the price of petrol by Rs1.65 per litre and high-speed diesel (HSD) by Re0.88 per litre. Following the revision, petrol will now cost Rs389.14 per litre, while high-speed diesel (HSD) will be sold at Rs424.04 per litre. The new fuel prices, notified by the Petroleum Division, will remain in effect until September 21. Under the revised framework, approved by the federal cabinet, Ogra will publish updated fuel prices on its website daily to improve transparency and allow consumers to benefit more quickly from changes in…

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