Category: Latest News

Senate Panel Raises Concerns Over Delays, Irregularities in Dasu-Islamabad 765kV Project

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Senate-Panel

ISLAMABAD: The Senate Standing Committee on Economic Affairs has expressed serious concern over delays, alleged financial irregularities and weak project management in the 765kV Dasu-Islamabad Transmission Line Project, noting that Rs9 billion has already been paid in interest against Rs76 billion received from donors. The committee met under the chairmanship of Senator Saifullah Abro to review progress on power sector projects financed by multilateral development agencies, with particular focus on the Dasu-Islamabad transmission line project, comprising Lots I to IV. The Economic Affairs Division briefed the committee on project proposals,…

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Power Division Moves to Digitise Detection Billing System to Curb Overbilling

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Power-Division

ISLAMABAD: The Power Division has decided to introduce fundamental reforms in the electricity detection billing system to protect consumers from inflated bills, unnecessary hardship and additional financial burdens. The initiative is part of the broader power sector reform agenda being pursued under Federal Minister for Power Division Sardar Awais Ahmad Khan Leghari, with a focus on improving consumer protection and strengthening transparency in the electricity billing system. Detection bills have traditionally been issued in cases where electricity meters malfunction, technical faults occur or actual consumption cannot be accurately recorded. In…

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Nepra Makes BESS Mandatory in First Electricity Wheeling Auction

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved amendments to the electricity wheeling auction process, making battery energy storage systems (BESS) mandatory for solar and wind projects participating in the first auction. Under the approved framework, solar and/or wind projects will be eligible to participate only if the firm capacity of their co-located BESS is at least 10% of the firm capacity of the associated renewable energy generation facility. The firm capacity of both the BESS and renewable generation facility will be determined and verified in accordance with…

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KARACHI PORT TRUST COLLECTS OVER 34 TONNES OF MARINE DEBRIS DURING WEEKLY CLEAN-UP DRIVE

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marine

Karachi, 5 September 2026: Karachi Port Trust (KPT) continued its commitment to maintaining a clean, safe and environmentally sustainable harbour by collecting 34,650 kilograms of floating marine debris during its weekly clean-up operations conducted from 29 August to 4 September 2026. The clean-up campaign was carried out by the Marine Pollution Control Department (MPCD), KPT, at key harbour locations including East Wharf, West Wharf, Oil Piers and Boat Basin Jetty. As part of the systematic operation, 51 boat deployments were carried out, with 159 personnel actively participating in the collection…

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OGDC Announces Financial Results for the Year Ended June 30, 2026, Declares Highest-Ever Quarterly and Annual DividendISLAMABAD, September 4, 2026

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The Board of Directors of Oil & Gas Development Company Limited (OGDC), in its meeting held on Friday, September 4, 2026, announced the financial results for the financial year ended June 30, 2026.OGDC recorded net sales revenue of Rs 449.191 billion and its highest-ever profit after tax of Rs 242.374 billion, representing an increase of 43% over the preceding year. Earnings per share (EPS) increased to Rs 56.35 from Rs 39.50 last year. The Board declared a final cash dividend of Rs 6.00 per share (60%), the highest-ever quarterly dividend…

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