Category: Latest News

Washington, DC: Saudi Arabia has pledged a fresh $3 billion deposit for Pakistan and extended its existing $5 billion financial facility for three years until 2028, Finance Minister Muhammad Aurangzeb announced on the sidelines of the World Bank–IMF Spring Meetings 2026 in Washington, DC. The move comes at a critical time as Pakistan prepares to repay a $3.5 billion loan to the United Arab Emirates, placing pressure on foreign exchange reserves and IMF programme targets. Aurangzeb noted that the extended Saudi facility would no longer require annual rollovers, providing longer-term…

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Abu Dhabi, United Arab Emirates: A new policy advisory by the International Renewable Energy Agency highlights how the rapid deployment of renewable energy is helping countries strengthen resilience amid the ongoing global energy crisis. The report underscores that renewables are already reducing dependence on imported fossil fuels across regions—from Europe to Asia, including countries like Pakistan. In 2025 alone, global renewable capacity surged by a record 692 GW, reflecting accelerated adoption driven by both economic and security concerns. A key finding of the advisory is the dramatic decline in renewable…

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Islamabad: Pakistan is facing a worsening energy crisis as escalating tensions in the Middle East disrupt fuel supplies, significantly impacting the country’s power generation capacity. According to sources, nearly 4,000 megawatts of electricity generation has been suspended due to an acute gas shortage. Power plants operating on imported gas have also gone offline, further straining the national grid. In addition, electricity generation from furnace oil-based plants has been halted due to high operational costs, limiting alternative generation options. The combined impact has led to a substantial shortfall in electricity supply…

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Islamabad: The Power Division spokesperson has issued an important statement outlining developments under the government’s Peak Hours Relief Strategy, focusing on electricity pricing, demand management, and system efficiency. According to the spokesperson, sustained reforms and operational improvements have contributed to a reduction in electricity prices for consumers nationwide. From July to February, the average tariff decreased by 71 paisa per unit despite rising global fuel costs, resulting in an overall relief of Rs 46 billion. The spokesperson said this relief has been achieved through structural reforms, targeted subsidy measures, strict…

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Karachi: FrieslandCampina Engro Pakistan Limited (FCEPL), a leading multinational in the dairy and nutrition sector, has announced a strategic collaboration with A2Z Energy Systems to develop a 2MW solar photovoltaic (PV) power plant integrated with a 4MWh Battery Energy Storage System (BESS). The project marks a significant milestone in FCEPL’s decarbonization roadmap and its broader commitment to sustainable and resilient industrial operations. The hybrid energy solution will be deployed at FCEPL operational facilities and is designed to improve energy cost efficiency, strengthen power reliability, and reduce dependence on the national…

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