Category: Latest News

Growatt Hosts Prestigious Iftar Dinner at Karachi Club, Uniting Energy Sector Leaders

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Karachi: The Karachi Club witnessed a remarkable gathering on February 23, 2026, as Growatt hosted an elegant Iftar Dinner that brought together prominent stakeholders from Pakistan’s energy sector under one roof. The event was attended by distinguished government officials, leaders from private organizations, and key delegates representing various segments of the energy industry. The evening provided a valuable opportunity for networking and collaboration, with participants engaging in meaningful discussions in the spirit of Ramadan. Industry sources informed Energy Update that the success of the event was largely attributed to the…

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Pakistan, Turkmenistan discuss regional energy links

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Federal Minister for Energy (Power Division) Sardar Awais Ahmed Khan Leghari on Tuesday met Turkmenistan’s Ambassador to Pakistan, Atadjan Movlamov, with discussions focusing on regional energy connectivity and cross-border cooperation between Pakistan and Central Asia. According to an official statement, the meeting took place at the Ministry of Energy, where the minister welcomed the ambassador and exchanged greetings on the occasion of Ramazan, conveying goodwill and best wishes for peace and prosperity for the peoples of both countries. The Turkmen envoy highlighted the historical and cultural links between Pakistan and…

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OGDCL receives Rs 7.725 billion eighth installment under circular debt plan

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Oil & Gas Development Company Limited has received Rs 7.725 billion as the eighth monthly interest installment from Power Holding (Private) Limited under the government-approved circular debt settlement mechanism. The payment forms part of a total Rs 92 billion interest amount to be repaid in 12 equal monthly installments, which began in July 2025. Each installment amounts to Rs 7.725 billion. The company said the receipt marks continued implementation of the government’s plan to address circular debt in the energy sector. 

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Sindh govt- ADB agree on partnership in KCR revival, electric buses in $3bn talks

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ADB backs Karachi Mass Transit reforms as Murad Shah pitches climate-resilient transport, health, education project for 2026-29 KARACHI (Feb 25): The revival of the Karachi Circular Railway (KCR) and the launch of electric bus services in Karachi and other divisional headquarters of Sindh were agreed upon in a high-level meeting between Sindh Chief Minister Syed Murad Ali Shah and a high-powered Asian Development Bank (ADB) delegation led by Country Director Ms Emma Fan. Both sides agreed to deepen development cooperation and expedite priority transport projects across the province. Opening the…

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OGDC Injects $25m in Reko Diq During Quarter as Development Gains Pace

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ISLAMABAD: Oil and Gas Development Company Limited (OGDC) has continued to scale up its investment in the Reko Diq copper-gold project, contributing $25 million during the latest quarter as development work progresses steadily. The update was shared during a corporate briefing session held on February 23, 2026, attended by brokerage firm Topline Securities, according to a report. Management informed participants that a total of approximately $75 million was injected into the project during the quarter by Pakistan Minerals Private Limited (PMPL), with OGDC’s share amounting to $25 million. The company…

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