Category: Latest News

KARACHI: Cnergyico PK Limited has reported a remarkable financial recovery for the nine months ended March 31, 2026, posting a consolidated profit after tax of Rs17.10 billion compared to a loss of Rs1.76 billion in the same period last year, according to its filing at the Pakistan Stock Exchange. Earnings per share (EPS) improved significantly to Rs3.11 from a loss of Rs0.32, reflecting enhanced shareholder value. Net revenue rose 20.08% year-on-year to Rs261.86 billion, driven by improved refinery throughput, better product pricing, and stable domestic demand. Cost of sales increased…

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KARACHI: Burj Clean Energy Modaraba (BCEM) has successfully raised Rs1 billion through an upsized Short-Term Green Sukuk, reflecting strong investor confidence in Pakistan’s growing sustainable energy sector. Listed on the Pakistan Stock Exchange, BCEM increased the issuance size following robust demand from institutional investors. The capital will support the company’s expanding pipeline of renewable projects, including utility-scale wind, solar, and Battery Energy Storage Systems (BESS), particularly for corporate and industrial clients. The funding will also enable BCEM to strengthen its role in Pakistan’s emerging electric vehicle ecosystem by financing EVs…

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ISLAMABAD: A policy rift has emerged between the Independent System and Market Operator (ISMO) and the National Electric Power Regulatory Authority (Nepra) over critical elements of the Integrated System Plan (ISP) 2025–35, including project inclusion, demand projections and regulatory compliance. ISMO defended its decision to exclude certain hydropower projects from the latest Indicative Generation Capacity Expansion Plan, citing delays, low progress and updated least-cost planning requirements. However, Nepra insisted that projects such as Gabral Kalam and Madyan—previously classified as “committed” under IGCEP-2021—must remain part of future plans in line with…

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ISLAMABAD: The Power Division (PD) has reported an improvement in electricity generation, attributing the progress to enhanced supply of local gas to power plants and stable grid conditions. In a statement, the PD said hydropower generation reached 6,000MW during peak hours, against a total installed capacity of 11,500MW. Improved water flows, combined with increased local gas availability, helped boost overall generation and enabled the transmission of an additional 100MW to central regions. The spokesperson noted that around 500MW was successfully transmitted from the southern grid, contributing to improved system stability.…

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ISLAMABAD: In a significant policy shift, the International Monetary Fund has allowed Pakistan to revise the pricing formula for captive gas levy, paving the way for a reduction of up to 60% in gas costs for industrial users generating in-house power. Under the new mechanism, the levy will be calculated using a weighted average of peak and off-peak B3 industrial tariffs, instead of relying solely on peak rates notified by the National Electric Power Regulatory Authority. This adjustment could bring the levy down from Rs1,303 per mmBtu to around Rs522…

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