Category: Latest News

World Bank Approves $375.9 Million to Modernize Pakistan’s Power Transmission Network

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World-Bank

The World Bank’s Board of Executive Directors has approved $375.9 million in financing for Pakistan’s Grid Stability Enhancement Project, marking a significant step toward strengthening the country’s electricity transmission system, improving grid reliability, and accelerating the integration of renewable energy. The project is the first phase of the Boosting Energy Security through Transmission in Pakistan (BEST-PAK) Multiphase Programmatic Approach (MPA), a 10-year initiative aimed at modernizing Pakistan’s transmission infrastructure, reducing power outages, and enabling greater use of clean energy across the country. World Bank Country Director for Pakistan, Bolormaa Amgaabazar,…

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Pakistan-Russia webinar strengthens momentum for cooperation in trade, education & energy

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Pakistan-Russia webinar

The Institute of Regional Studies (IRS), Islamabad, in collaboration with the University of World Civilisations (UWCM), Moscow, on Thursday convened the second event in the Pakistan-Russia Webinar Series, titled “Pakistan-Russia: Strengthening Trade, Education & Energy Collaboration.” The webinar brought together senior policymakers, diplomats, business leaders and academics from both countries to examine practical opportunities for expanding bilateral engagement in trade, industrial development, energy, education and regional connectivity. Building upon the success of the first webinar in the series in June 2026, the second dialogue advanced discussions from geopolitical perspectives toward…

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Pakistan joins IEF as Momentum Builds for Global Energy Security Dialogue

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IEF

Riyadh, Saudi Arabia, 09 July 2026 — The International Energy Forum today welcomed Pakistan as an IEF Member Country, adding to recent membership growth and strengthening the Forum’s role as the global home of energy dialogue. Pakistan’s accession follows Benin and Sierra Leone’s entry into the Forum, reflecting growing momentum behind inclusive energy dialogue among producing, consuming and transit countries worldwide. IEF Secretary General Jassim Alshirawi said Pakistan’s participation would enrich the Forum’s dialogue at a time of heightened uncertainty in global energy markets. “We are very pleased to welcome Pakistan as an active…

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Engro Vopak Studies Pakistan’s First Refrigerated LPG Import and Storage Terminal

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KARACHI: Engro Vopak Terminal Limited, Pakistan’s leading bulk chemical and gas terminal operator, has launched a feasibility study for the country’s first refrigerated liquefied petroleum gas (LPG) import and storage facility as part of efforts to strengthen energy security amid rising LPG demand and declining domestic gas production. The company has partnered with S&P Global to assess the technical and commercial viability of expanding Pakistan’s LPG infrastructure through the development of large-scale refrigerated import and storage facilities. According to the company, the proposed project aims to improve access to international…

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MEPCO Returns to Profit with Rs1.05bn Earnings After Major Operational Turnaround

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ISLAMABAD: The Multan Electric Power Company has posted a net profit of Rs1.05 billion for the fiscal year 2025-26, marking a significant turnaround from the Rs36 billion loss recorded in 2023-24, according to the Ministry of Energy (Power Division). The ministry attributed the recovery of one of Pakistan’s largest power distribution companies to a series of governance and operational reforms implemented under the leadership of Federal Minister for Power Sardar Awais Ahmed Khan Leghari. According to the ministry, the turnaround was gradual and sustainable rather than the result of a…

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