Category: Latest News

ISLAMABAD: Wasion Holdings Limited has secured smart metering contracts in Pakistan worth over RMB115 million (approximately $16.85 million), marking a significant step in the country’s push to modernise its power distribution infrastructure. In a company statement, Wasion said its subsidiary, Wasion Group Limited, successfully won multiple bids in April 2026 for the supply of smart metering products and related services. The company highlighted that the contracts reflect its strong technical capabilities in integrated energy solutions and its growing footprint in international markets, particularly in South Asia. It added that its…

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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has notified a new set of regulations aimed at enhancing technical discipline, operational safety, and reliability across Pakistan’s power system. Issued through SRO 936(I)/2026, the “Technical Standards for Grid Connectivity Regulations, 2026” have come into immediate effect under the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997. The rules apply to all grid-connected generation companies, excluding distributed generators. Structured Grid Connection Process Under the new framework, power generation companies seeking connection to the national grid must follow a formal…

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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has introduced the “Concurrence Regulations 2026”, establishing a comprehensive framework to regulate and streamline approvals for new power generation projects across Pakistan. Issued through SRO 692(I)/2026 under the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997, the regulations have come into immediate effect. They introduce a mandatory requirement for prior regulatory concurrence before any generation project can proceed, strengthening oversight and aligning investments with national energy needs. However, the new rules do not apply to prosumers operating under the…

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ISLAMABAD: Pakistan’s oil industry has formally requested the State Bank of Pakistan (SBP) to extend, by at least two months, the temporary permission allowing imports of petroleum products on a cost, insurance and freight (CIF) basis, citing persistent geopolitical risks and supply chain disruptions. In a letter addressed to SBP Governor Jameel Ahmad, the Oil Companies Advisory Council (OCAC) — representing over three dozen oil companies and refineries — emphasised that the current relaxation, set to expire on May 10, has been crucial in maintaining fuel supply under challenging global…

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KARACHI: Leading voices from Pakistan’s trade and industrial sectors have strongly criticised the State Bank of Pakistan’s (SBP) decision to raise the policy rate by 100 basis points to 11.5%, warning that the move could hamper exports, investment, and overall economic growth. Business leaders described the increase as ill-timed, arguing that it comes at a sensitive phase when the economy is showing signs of stabilisation, despite external pressures such as the ongoing Middle East conflict. They pointed out that even during periods of relatively low inflation, the policy rate remained…

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