Category: Latest News

FPCCI Urges Immediate Withdrawal of Retrospective Gas Bills, Calls Move a Severe Blow to Industry

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FPCCI-Project

KARACHI – The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has strongly condemned the retrospective gas bills recently issued by Sui Northern Gas Pipelines Limited (SNGPL) to industrial and commercial consumers, terming the move a “grave injustice” to the country’s business sector. Addressing a press conference, FPCCI President Atif Ikram Sheikh, Regional Chairman and Vice President Zain Iftikhar Chaudhry, along with senior leaders, appealed to Prime Minister Mian Shehbaz Sharif, Petroleum Minister Ali Pervez Malik, and all relevant regulatory bodies to immediately withdraw the decision. The leaders decried…

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Kuwait Seals \$3.27bn Deal for Al-Zour North Power Plant Expansion

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KUWAIT: The Kuwait Authority for Partnership Projects (KAPP) has signed contracts with Saudi Arabia’s ACWA Power and the Gulf Investment Corporation for phases two and three of the Al-Zour North power plant, a project worth over 1 billion Kuwaiti dinars (\$3.27 billion). KAPP Director General Asmaa Al-Mousa told Reuters that the investment cost will be borne entirely by the private partners, not the government. The expansion marks one of Kuwait’s largest electricity projects, aimed at easing chronic power shortages. Once completed in three years, Al-Zour North will add 2.7 gigawatts…

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Thar Coal Projects Vital for Energy Security and Regional Growth: Nasir Shah

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Nasir-Shah

KARACHI: Sindh Minister for Energy, Planning & Development, Syed Nasir Hussain Shah, has reiterated the provincial government’s commitment to leveraging Thar’s indigenous coal reserves as a pillar of Pakistan’s economic and energy security. During a visit to Thar Blocks I and II with senior officials and elected representatives, the Minister highlighted that these large-scale coal projects are delivering affordable electricity and strengthening the national energy mix. At Thar Block II, the delegation was briefed on the Phase III expansion of the Sindh Engro Coal Mining Company (SECMC) — a flagship…

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Engineer Khalid Mehmood Named New CEO of IESCO

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New-IESC

ISLAMABAD: The Board of Directors of Islamabad Electric Supply Company (IESCO) has unanimously appointed Engineer Khalid Mehmood as the company’s new Chief Executive Officer (CEO). According to an IESCO spokesperson, Mehmood brings extensive experience and proven leadership in the energy sector, having served in various key roles across operations, construction, GSO, GSE, and other DISCO functions. He is recognised for prioritising employee welfare and safeguarding consumer interests. Chairman IESCO, Dr Tahir Masood, emphasised that the appointment was made purely on merit, citing Mehmood’s professional competence and leadership qualities. “We are…

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Lucky Cement Expands into Copper and Gold Mining with Rs1.2bn Investment in Balochistan

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Lucky-Cement

KARACHI: Lucky Cement Limited, one of Pakistan’s largest cement producers, is set to invest up to Rs1.2 billion in its associated company, National Resources (Private) Limited (NRL), to advance copper and gold exploration in Chagai, Balochistan. In a notice to the Pakistan Stock Exchange (PSX) on Monday, the company said its Board of Directors has approved further equity investment in NRL through subscription of shares and the purchase of 250 ordinary shares from Muhammad Ali Tabba, a related party. The funds will support pre-feasibility work, including geological studies, drilling, and…

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