Category: Latest News

Govt to Launch Interest-Free Installment Scheme for Energy-Efficient Fans

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Energy-Efficient

In a move to cut electricity consumption and lower household energy bills, the federal government is finalizing a plan to distribute energy-saving fans to consumers on easy, interest-free installments. Approved by the Prime Minister, the initiative is likely to be announced in the upcoming federal budget. Under the proposed scheme, consumers will be able to purchase energy-efficient DC fans with support from banks and repay the cost through their monthly electricity bills. By replacing conventional AC fans with energy-saving alternatives, the government aims to conserve up to 5,000 megawatts of…

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LFP Battery Boom Transforms Energy Storage, Disrupts Nickel and Cobalt Markets

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LFP-Battery

LONDON (Reuters) – A global shift toward lithium iron phosphate (LFP) batteries is accelerating the boom in energy storage, reshaping commodity markets and challenging assumptions about the future of electric power systems. When Fidra Energy acquired a 55-acre site in northern England in 2023 to develop Europe’s largest energy storage facility—1.45 gigawatts at Thorpe Marsh—the economics were uncertain. But that changed rapidly as the cost of LFP batteries, already improving in performance, plummeted by nearly 50% within 18 months. With batteries now more affordable and durable—offering lifespans up to 20…

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Power Generation Hits 4-Year High in April Amid Rising Demand and Fuel Mix Shift

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Power-sector

KARACHI: Pakistan’s electricity generation surged to a four-year high in April 2025, reaching 10,513 gigawatt-hours (GWh), marking a robust 22% year-on-year (YoY) and 25% month-on-month (MoM) increase, according to data released by the National Electric Power Regulatory Authority (NEPRA). The uptick—driven by soaring power demand due to rising temperatures and reduced industrial reliance on captive power—marked the highest monthly output in 48 months. Analysts attribute the rise to a shift towards national grid usage, spurred by relatively lower tariffs. “The rise in generation is attributed to increased demand, driven by…

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Govt to Launch Online Portal for Simplified Net-Metering Applications

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Net-Metering

ISLAMABAD: In a move to streamline the application process for net-metering connections, the government is set to introduce a digital portal aimed at enhancing transparency, efficiency, and user accessibility. The development was revealed during a meeting chaired by Federal Energy Minister Sardar Awais Ahmad Khan Leghari, where he emphasized the urgent need for “immediate and effective solutions” to challenges faced by applicants seeking net-metering connections. According to an official statement issued on Tuesday, the minister directed that the application process be made “simple, transparent, and user-friendly.” He also instructed electricity…

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Balochistan’s Loralai Olives Wins Silver at Global Olive Oil Competition

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Loralai-Olives

ISLAMABAD: Pakistan’s premium olive oil brand, Loralai Olives, has secured a Silver Award at the 2025 New York International Olive Oil Competition, marking a significant global recognition for the country’s emerging olive industry. Federal Minister for National Food Security and Research, Rana Tanveer Hussain, hailed the achievement as a milestone aligned with Pakistan’s drive for agricultural self-sufficiency. Chosen from over 1,200 global entries, Loralai Olives stood out for its quality, sustainable practices, and premium packaging. “This is a proud moment for every Pakistani and affirms our efforts to promote a…

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