Category: Latest News

ISLAMABAD: Energy experts, regulators, researchers and industry stakeholders have called for strengthening the operational and financial foundations of power distribution companies (DISCOs) before expanding the Competitive Trading Bilateral Contracts Market (CTBCM). The recommendations were made during the launch of the Energy Regulatory Sandbox by the Sustainable Development Policy Institute (SDPI)’s Network for Clean Energy Transition (NCET), focusing on the impact of competitive auctions on DISCOs and the consequences of market liberalisation. Speaking at the event, Shah Jahan Mirza, former Managing Director of the Private Power and Infrastructure Board (PPIB), described…

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KARACHI: The government has appointed Imran Sarwar as President and Chief Executive Officer of the National Bank of Pakistan (NBP) for a three-year term, effective immediately. According to a notice issued to the Pakistan Stock Exchange (PSX) on Thursday, the appointment was made by the Finance Division through a notification dated September 3, 2026. The appointment remains subject to clearance of the State Bank of Pakistan’s fit and proper test. NBP informed the stock exchange of the appointment and requested that the information be disseminated to TRE Certificate Holders.

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ISLAMABAD: Kuwait-based Gulf Petroleum Exploration Pakistan (GPXP) is exploring plans to expand its investment and operations in Pakistan’s energy sector, signalling renewed interest in the country’s oil and gas exploration opportunities. Federal Petroleum Minister Ali Pervaiz Malik welcomed the proposed expansion during a meeting with GPXP Chief Executive Officer Khaled Al Saati and Mosleh Al Otaibi of Gulf Petroleum Exploration. GPXP, which operates in Pakistan’s oil and gas exploration sector, expressed strong interest in increasing its investment and contributing further to the development of the country’s energy resources. The petroleum…

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ISLAMABAD: Pakistan LNG Limited (PLL) has warned K-Electric (KE) that it may reassess, curtail or suspend the supply of re-gasified liquefied natural gas (RLNG) if the power utility fails to clear outstanding payments of Rs6.75 billion. In a letter to K-Electric’s chief executive officer, PLL said outstanding principal dues for RLNG supplied between May and July 2026 stood at Rs6.7526 billion as of August 27. PLL said that despite repeated follow-ups, KE had neither cleared the outstanding amount nor provided a substantive response regarding the unpaid receivables. The state-owned LNG…

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ISLAMABAD: Federal Minister for Energy Sardar Awais Ahmed Khan Leghari has directed strict monitoring of the performance of power distribution companies (DISCOs), warning that negligence in resolving consumer complaints would not be tolerated. The minister chaired a review meeting on the performance of the Helpline 118 Customer Care Service, which provides consumers with a free and direct channel to register electricity-related complaints without involving intermediaries. The service allows consumers to lodge complaints in seven languages, track their status and receive feedback after resolution. Complaints that remain unresolved beyond the prescribed…

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