Category: Latest News

China’s BYD to Begin Assembling EVs in Pakistan by 2026 Amid Surging Demand

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BYD-Pakistan

KARACHI: Chinese electric vehicle (EV) giant BYD plans to roll out its first locally assembled car in Pakistan by July or August 2026, aiming to tap into the rapidly growing demand for EVs and plug-in hybrid vehicles in the region, a company executive confirmed on Wednesday. Danish Khaliq, Vice President of Sales and Strategy at BYD Pakistan, told Reuters that the company is building a plant near Karachi in partnership with Mega Motor Company, a subsidiary of Hub Power (Hubco). Construction began in April 2024. The facility will have an…

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K-Electric’s NEPRA-Approved Tariff Is Unjustified, Admits Federal Minister Owais Leghari in Senate

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NEPRA-KE

Islamabad: Federal Minister for Energy Owais Leghari admitted during a Senate session that the tariff approved by NEPRA for K-Electric is unjustified. Responding to a calling attention notice, the minister stated that K-Electric claims it is unable to recover 6.5% of its billed amount and insists that either the government or consumers should bear this loss—a demand he termed unacceptable. He revealed that the government has filed a review petition with NEPRA against the decision, and if accepted, it could save Pakistan Rs. 650 billion over the next seven years.…

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Iesco, Fesco, and Gepco Set for Privatisation by December-EndCommittee voices concern over targeting efficient Discos and warns of long-term operational risks

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Power

ISLAMABAD, July 24, 2025: Three electricity distribution companies—Islamabad Electric Supply Company (Iesco), Faisalabad Electric Supply Company (Fesco), and Gujranwala Electric Power Company (Gepco)—are set to be privatised by the end of December 2025, officials from the Power Division confirmed during a meeting of the National Assembly’s Standing Committee on Economic Affairs. Chaired by MNA Muhammad Atif Khan, the committee was informed that the privatisation of these three Discos is in its final stages. Additional Secretary Power Division Mehfooz Bhatti stated that due diligence is nearly complete, a financial advisor has…

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Bunny’s Limited Shifts to Renewable Energy, Targets 1MW Solar Capacity to Slash CostsCompany also adopts biogas to reduce fuel expenses by 30%

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Renewable-energy

ISLAMABAD, July 24, 2025: Bunny’s Limited, a leading Pakistani bakery goods manufacturer, has announced a phased transition to renewable energy, with plans to scale up its solar power generation capacity to 1 megawatt (MW). The initiative aims to significantly cut electricity costs and enhance profitability. In a filing to the Pakistan Stock Exchange (PSX) on Thursday, the company revealed it has already completed the first phase by installing a 200KVA solar panel system, expected to reduce electricity bills by 15%. Phase two will see solar capacity expanded to 1MW, which…

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NA Committee Voices Concern Over Privatisation of Profit-Making DiscosSurplus power generation, fossil fuel reliance, and regional funding disparities also flagged

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Power-Tariff

ISLAMABAD, July 24, 2025: The National Assembly’s Standing Committee on Economic Affairs Division (EAD), chaired by MNA Muhammad Atif, raised serious concerns on Wednesday over the government’s plan to privatise profitable power distribution companies (Discos), including Islamabad Electric Supply Company (Iesco), Gujranwala Electric Power Company (Gepco), and Faisalabad Electric Supply Company (Fesco). Lawmakers questioned the rationale behind targeting well-performing Discos with minimal transmission and distribution losses for privatisation. They also expressed alarm over the country’s power surplus—estimated at 7,000–8,000 MW—causing financial strain on the national budget due to capacity payments…

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