Category: Latest News

Oil Prices Plunge 6% Amid Israel-Iran Ceasefire Hopes

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oil-Price

NEW YORK: Oil prices tumbled 6% on Tuesday, hitting two-week lows as hopes for a sustained ceasefire between Israel and Iran eased concerns over potential supply disruptions in the Middle East. Brent crude futures dropped \$4.34, or 6.1%, to close at \$67.14 per barrel—its lowest since June 10. Meanwhile, US West Texas Intermediate (WTI) crude slipped \$4.14, or 6.0%, settling at \$64.37 per barrel, marking its weakest level since June 5. The market reacted to news of the ceasefire, despite US President Donald Trump warning that both Israel and Iran…

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NEPRA Mulls 10-Paisa Per Unit Power Tariff Increase for May 2025

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New-NEPRA

ISLAMABAD: Electricity consumers across Pakistan—excluding K-Electric (KE) and lifeline users—may see a 10-paisa per unit hike in power tariffs under the Fuel Charges Adjustment (FCA) for May 2025. The National Electric Power Regulatory Authority (NEPRA) will hold a public hearing on June 30, 2025, at NEPRA Tower, Islamabad, to review the proposed Rs0.1015/kWh increase. The session will also be accessible via Zoom for wider public participation. The Central Power Purchasing Agency Guarantee Limited (CPPA-G), on behalf of Ex-WAPDA Distribution Companies (XWDISCOs), submitted the proposal, citing a fuel cost of Rs7.4940/kWh…

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NEPRA Serves Show-Cause Notice to K-Electric Over Unfair Load-Shedding Practices

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Nepra-Price

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has issued a show-cause notice to K-Electric (KE) for failing to comply with its directives on forced load-shedding, accusing the utility of violating the NEPRA Act and the Performance Standards (Distribution) Rules, 2005. NEPRA stated that KE has been carrying out load-shedding based on Aggregate Technical and Commercial (AT\&C) losses, resulting in entire feeders being shut down—even where some consumers are fully compliant and pay their bills on time. “This practice is unjust to law-abiding consumers,” the authority noted. According to regulations,…

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Sindh to Offer Tax Exemptions for Eco-Friendly Industries: Nasir Hussain ShahMinister Energy Launched INVEREX’s first Electric Vehicle (EV) showroom in Karachi

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Electric-Vehicle2

KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah has announced that the provincial government will provide tax exemptions and full support to investors in eco-friendly and electric mobility industries, reaffirming the province’s commitment to a greener, cleaner future. Speaking at the inauguration of INVEREX’s first Electric Vehicle (EV) showroom in Karachi on Sunday, Shah said that special funds are being allocated for green energy initiatives under the guidance of PPP Chairman Bilawal Bhutto Zardari. Highlighting the province’s roadmap for electric transportation, Shah said that EV charging stations will be installed…

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Timely Completion of Hydropower Projects a Top Priority: KP Energy Secretary

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Hydropower-Plan

PESHAWAR: Secretary Energy and Power Khyber Pakhtunkhwa, Mohammad Zubair Khan, has emphasized that the timely completion of key hydropower projects—Balakot, Lawi, Gorkin Matiltan, Gabral (Kalam), and Madyan—is a major priority and a pressing challenge for the provincial government. Chairing a high-level meeting recently, the Secretary urged swift action and enhanced transparency to meet the deadlines of ongoing energy projects. Senior officials from PEDO, KP Oil and Gas Company, Electric Inspectorate, Energy Planning, and additional secretaries Shoaib Khan and Anwar Khan Sherani were present. Zubair Khan stressed that all energy projects…

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