Category: Latest News

ISLAMABAD: The Power Division has finalized a draft framework for conducting electricity wheeling auctions under the Competitive Trading Bilateral Contract Market (CTBCM), with the proposal set to be discussed at a stakeholders’ workshop on September 19, 2025. Prepared under Clause 3.2 of the Framework Guidelines for Wheeling Auctions 2025, the draft lays out a detailed two-step process—submission of proposals followed by bidding—for eligible participants. The Independent System and Market Operator (ISMO) will publish an annual auction calendar, specifying timelines for requests for proposals (RFPs), eligibility evaluations, grievance redressal, and bid…

Read More

ISLAMABAD: The Pakistan Engineering Council (PEC) has signed a Memorandum of Understanding (MoU) with Thar Coal Block-1 Power Generation Company, Sino Sindh Resources, and Shanghai Electric Engineering Consulting Company to enhance the skills of Pakistani engineers through training, exchange, and scholarships under the China-Pakistan Economic Corridor (CPEC). The five-year collaboration will train 100 fresh graduates through annual six-week programmes at Thar, combining classroom instruction with hands-on experience in power plant and mining operations. Additionally, 5–10 engineers will be sent to China each year for advanced short-term training in modern energy…

Read More

ISLAMABAD: Pakistan’s worsening climate vulnerability, magnified by devastating floods, landslides and torrential rains, is the direct result of unchecked real estate expansion, reckless tourism projects, and weak enforcement of environmental laws. This damning indictment came from leading environmentalists, development experts, civil society voices, and business leaders at a roundtable on the country’s flood emergency, organised by the FPCCI’s Central Standing Committee on SDGs at the Federation’s Islamabad office.Speakers reached a consensus that provincial authorities and environmental watchdogs must be held accountable for their persistent failure to enforce environmental safeguards. They…

Read More

KARACHI: Pakistan Refinery Ltd (PRL) announced on Thursday that its Managing Director and Chief Executive Officer, Zahid Mir, will step down at the end of December 2025 after more than six years of leadership. Mir, who took charge in August 2019, will continue until the end of next year to ensure a smooth transition, the company said in a filing to the Pakistan Stock Exchange (PSX). A petroleum engineer with an MBA, Mir brings over 30 years of industry experience, having served in senior roles at Shell, Kufpec, Premier Oil,…

Read More