Category: Latest News

Peak power is getting pricier

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Pakistan’s power demand is back. The problem is that the cost of serving it has changed dramatically. National grid generation reached 14.5 billion units in July, up 6 percent year on year. On a rolling 12-month basis, however, growth remains modest at 2.8 percent. The stronger monthly number therefore reflects a meaningful pickup in demand rather than a broad-based acceleration in electricity consumption. The shift is most visible in the hourly demand profile. July’s grid demand is now materially above both 2025 and 2024 through much of the day. More…

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Sindh CM Demands ‘Hidden’ Gas Block, Slams Federal Delays

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New-Project78

KARACHI: August 28, 2026 Sindh Chief Minister Syed Murad Ali Shah on Friday demanded that the federal government immediately allot the ‘Hidden Gas Block’ to the Sindh Energy Holding Company Limited (SEHCL), stating that all legal and procedural requirements have already been completed. In a meeting with Federal Minister for Energy (Petroleum Division) Ali Pervaiz Malik at CM House, the CM reviewed key pending energy issues including the allotment of abandoned and inactive gas fields, gas supply from Soho and Kandhkot fields, and unresolved matters with Sui Southern Gas Company…

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FPCCI Forms High-Powered Committee on Continued Harassment of Former President Mian AdreesAtif Ikram Sheikh, President FPCCI

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New-Project77

Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has expressed his profound concern, shock, and strong condemnation over the unwarranted, continuing mistreatment and high-handedness meted out to prominent industrialist and former FPCCI President, Mian Muhammad Adrees. It is pertinent note that a unanimous resolution was passed in the Executive Committee meeting of FPCCI on Thursday to follow-up on the high-handed treatment of Mian Muhammad Adrees through collective voice of the business community. Mr. Atif Ikram Sheikh informed that he has formed…

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ADB approves USD400m regional financing facility

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Asian-bank

ISLAMABAD: Pakistan is set to benefit from a USD 400 million Asian Development Bank (ADB) regional facility to modernise border crossings and cut the mounting time and costs of moving goods and people across the Central Asia Regional Economic Cooperation (CAREC) trade corridors. The ADB has approved a USD 400 million regional financing facility to modernise border crossing points, lower transport and logistics costs, and improve the movement of people and goods across the CAREC region. According to project details, the facility comprises USD 320 million in ordinary capital resources…

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Govt Backs $2bn PRL Upgrade, Assures Refineries of Support

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Ali-Pervaiz

KARACHI: Petroleum Minister Ali Pervaiz Malik has assured Pakistan’s refinery industry of the government’s full support in securing financing and completing major refinery upgradation projects, including Pakistan Refinery Limited’s (PRL) proposed investment of up to $2 billion. The minister, accompanied by the Petroleum Secretary and senior officials, held a series of meetings with major refineries in Karachi on Thursday to review ongoing and proposed modernisation projects and discuss measures to achieve financial close. During his visit to PRL, the minister was briefed on the refinery’s proposed upgradation project, which is…

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