Category: Latest News

Majority Shareholder KEH Demands Immediate Elections for K-Electric Board

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K-Electric

ISLAMABAD: KE Holdings (KEH), Cayman Islands — the majority shareholder of KES Power Mauritius and the indirect largest shareholder of K-Electric — has called for urgent elections to reconstitute the K-Electric (KE) Board, whose term expired in July 2025. In a letter addressed to the CEO of KE, the Chairman of the SECP, and the CEO of the Pakistan Stock Exchange, Casey McDonald, Sole Director of KE Holdings Limited (formerly IGCF SPV 21 Limited), asserted that KEH holds 53.8% of KES Power (KESP), which in turn owns 66.4% of K-Electric.…

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NPPMCL Seeks Government Direction Amid Uncertainty Over Future of 450 MW Rousch Power Plant

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Power-Plants

ISLAMABAD: The National Power Parks Management Company Limited (NPPMCL) is facing growing uncertainty regarding the future of the 450 MW Rousch Power Plant, following its transfer to the government under the Negotiated Settlement Agreement (NSA), sources told Business Recorder. Under the NSA with M/s Rousch Power, the plant—previously owned by former Commerce Minister Abdul Razak Dawood—was handed over to the Government of Pakistan under BOOT terms. Key commitments included: During its 103rd Board meeting on October 17, 2025, NPPMCL reviewed the plant’s status and raised several concerns. The Board noted:…

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TikTok Launches New ‘Time and Well-Being’ Space to Support Healthier Digital Habits

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Tik-Tok

Pakistan, November 21, 2025 — TikTok has unveiled its new Time and Well-being space, a refreshed hub designed to help users—especially teens and families—relax, unwind, and build healthier digital habits. The initiative strengthens TikTok’s ongoing commitment to user well-being, following recent enhancements to its Family Pairing tools and the Time Away feature, which allows parents to pause teens’ access when needed. Earlier this year, TikTok also rolled out a nighttime meditation feature for teens, supporting them in establishing a calming, healthy routine before sleep. The new Time and Well-being space…

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Pakistan, China Explore Deeper Cooperation in Energy and Mineral Sectors

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Pak-China

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik and Chinese Ambassador Jiang Zaidong on Wednesday reaffirmed the enduring strength of the Pakistan–China partnership and reviewed new avenues for collaboration in the energy and mineral sectors during a meeting in Islamabad. The talks focused on economic cooperation, mutual support, and a shared vision for regional stability and prosperity. Minister Malik formally invited China to participate in the Pakistan Mineral Investment Forum (PMIF) 2026, noting that mining remains a priority area for Pakistan and offers significant potential for expanded bilateral engagement. Ambassador…

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NGC Breaks Ground on 220/132kV GIS Substation in Thatta to Boost Wind Power Integration

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New-Project39

KARACHI: The National Grid Company of Pakistan (NGC) has begun construction of a 220/132kV gas-insulated substation (GIS) in Thatta, marking a major step toward strengthening the country’s renewable energy transmission network. Deputy Managing Director (AD&M) Engr Rasheed A. Bhutto laid the foundation stone on Thursday, joined by Siemens Energy Managing Director Engr Nadeem Ali Kazmi and KfW Country Director Sebastian Jacobi, during a ceremony at the project site. The substation is designed to support the reliable evacuation of electricity generated by wind power plants in the Gharo Wind Cluster. Backed…

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