Category: Latest News

Business Leaders Decry Withdrawal of Rs7.41/unit Power Relief Amid Soaring Tariffs

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Your-Bill

ISLAMABAD: Business leaders have voiced strong criticism over the reversal of the promised Rs7.41 per unit electricity relief and the continued outage of the 969MW Neelum-Jhelum Hydropower Project (NJHP), warning it could accelerate de-industrialisation. The concerns emerged during a Nepra public hearing on a request by the Central Power Purchasing Agency (CPPA) for an Rs8.7 billion fuel cost refund, equating to 65 paisa per unit, due to lower-than-expected fuel prices in June. Industrialists highlighted that the relief announced by the prime minister in March was not time-bound, yet its effect…

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Inverex and Bank Islami Partner to Launch 0% Markup EV Installment Plans

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New-Inverex

In a major step toward clean mobility, Inverex has signed a strategic MoU with Bank Islami to provide electric vehicles (EVs) on easy 0% markup installment plans. This landmark collaboration aims to make sustainable transport more affordable and accessible to the masses. “Our partnership with Bank Islami is a step toward transforming Pakistan’s transportation landscape. We’re committed to making EVs accessible, affordable, and eco-friendly for every household,” said Mr. Zakir Ali, CEO Inverex EV.

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Sindh Providing Cheap Power to KE from Nooribad and Hybrid Sources, Yet Facing Unjustified Objections: Nasir Hussain Shah

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Nasir-Shah

Karachi – Sindh Minister for Energy, Planning, and Development, Syed Nasir Hussain Shah, has expressed concern over K-Electric’s stance, stating that despite being supplied affordable electricity from the Nooribad Power Plant and other hybrid and solar parks in Sindh, the utility continues to raise unnecessary objections over fossil fuel costs, which he termed “regrettable.” Speaking at a special session organized by the FPCCI Standing Committee on Energy, Shah reiterated the Sindh government’s opposition to any taxes on solar power, calling it a clean, economical, and sustainable source of energy that…

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Zubair Shaikh Confirmed as CEO of Wafi Energy Pakistan

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Zubair-Shaikh

ISLAMABAD: Wafi Energy Pakistan Limited, the exclusive licensee of Shell fuels and lubricants in the country, has confirmed Zubair Shaikh will continue as its Chief Executive Officer. With over 19 years of experience in the energy and financial sectors, Zubair has demonstrated a strong track record in driving strategic growth, operational transformation, and commercial success. His leadership was instrumental in ensuring business continuity and performance following Wafi Energy Holding’s acquisition of Shell Pakistan in November 2024. “Zubair’s confirmation reflects the board’s confidence in his ability to lead Wafi Energy Pakistan,”…

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NGC Energises 500kV Port Qasim–Matiari Line to Boost Nuclear Power Evacuation

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power-tariff

LAHORE: The National Grid Company of Pakistan Ltd (NGC) has successfully energised the 500kV K2/K3–Matiari and KKI–Port Qasim transmission line circuits, marking a key milestone in enhancing the national power transmission network. The 102-kilometre, double-circuit quad-bundle transmission line is designed to evacuate 2,200MW from the K2 and K3 nuclear power plants near Karachi. Completed at an estimated cost of PKR 18.45 billion, the project establishes a dedicated connection between the K2/K3 nuclear facilities of KANUPP (PAEC) and the existing Port Qasim–Matiari line. This critical infrastructure upgrade strengthens grid reliability, improves…

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