Category: Latest News

Pakistan Receives Over $1 Billion from IMF Under Extended Fund Facility

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IMF-demand

KARACHI: The State Bank of Pakistan (SBP) confirmed on Wednesday that Pakistan has received over \$1.023 billion from the International Monetary Fund (IMF) as the second tranche under the 37-month Extended Fund Facility (EFF). This disbursement follows the IMF Executive Board’s completion of the first review of Pakistan’s economic performance under the EFF during its May 9, 2025 meeting. The Board approved the immediate release of SDR 760 million—approximately \$1.023 billion—bringing total disbursements under the facility to \$2.1 billion since its approval in July last year. The SBP noted that…

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Petrol Prices Likely to Drop; KE Consumers May Get Relief

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LNG

ISLAMABAD: Petroleum prices across Pakistan are expected to decrease in the coming days, alongside a significant reduction in regasified liquefied natural gas (RLNG) prices — a development likely to bring relief to electricity consumers particularly in Karachi. The Oil and Gas Regulatory Authority (OGRA) on Tuesday announced up to a 14% cut in RLNG prices for May. For Sui Northern Gas Pipelines Limited (SNGPL), the RLNG price at the transmission stage has been reduced by 12.42% to \$11.026 per mmBtu, while the distribution stage price has dropped by 12.51% to…

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DGPC provisionally awards 10 onshore exploration blocks to MariEnergies

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Mari energies

The Directorate General of Petroleum Concessions (DGPC) has provisionally awarded 10 new onshore exploration blocks to MariEnergies, one of Pakistan’s largest exploration and production (E&P) companies. “These blocks have been awarded after competitive bidding on the basis of work units committed by various E&P companies in the Pakistan E&P Onshore Bid Round 2025 (30th April 2025) conducted by the DGPC,” MARI said in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. According to the notice, MARI will operate seven blocks as an operator. At the same time, the…

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Govt Submits Roadmap to IMF, World Bank for Targeted Power Subsidies under BISP

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New-IMF1

ISLAMABAD: The Government of Pakistan has submitted a detailed roadmap to the International Monetary Fund (IMF) and the World Bank outlining its plan to transition to targeted power subsidies for low-income households through the Benazir Income Support Programme (BISP), sources revealed to Business Recorder. This major policy shift is part of broader energy sector reforms aimed at curbing inefficiencies, reducing blanket subsidies, and promoting climate-resilient practices. Currently, indiscriminate tariff differentials and cross-subsidies disproportionately benefit wealthier consumers and strain the power sector’s financial sustainability. The reform design—developed collaboratively by the Power…

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Power Division to Resubmit Net-Metering Amendments Proposal to ECC Amid Rising Financial Concerns

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Net-Metering

ISLAMABAD: The Power Division is preparing to resubmit its controversial proposal to amend Pakistan’s net-metering regulations to the Economic Coordination Committee (ECC), following a green light from the Cabinet Division. According to official correspondence, while the ECC had approved the proposed changes in its March 13, 2025 meeting, the Federal Cabinet deferred ratification and directed broader stakeholder consultation due to strong public and parliamentary backlash. Now, with shifting circumstances, the Cabinet Division has advised resubmission of the summary for ECC reconsideration. The proposed amendments seek to cap net-metering contract validity…

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