Category: Latest News

Enel Unveils €20 Billion Renewables Push, Plans €53 Billion Investment by 2028

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Enel-Project

MILAN: Italian energy major Enel has announced plans to invest €20 billion ($23.6 billion) in renewable energy projects by 2028, as part of a broader €53 billion capital expenditure programme for 2026–2028. The company revealed its new strategic plan on Monday, outlining total investments of €53 billion over the three-year period — roughly €10 billion higher than its previous 2023–2025 plan. “We are presenting an ambitious plan, but one that is credible and achievable,” Enel Chief Executive Officer Flavio Cattaneo told financial analysts. Focus on Renewables and Grid Expansion Of…

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AGP Directs HESCO to Remove Meters of Chronic Defaulters Under NEPRA Rules

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New-Bill

ISLAMABAD: The Auditor General of Pakistan (AGP) has instructed the Hyderabad Electric Supply Company (HESCO) to immediately remove electricity meters of consumers who have failed to pay three consecutive monthly bills, in line with regulations set by the National Electric Power Regulatory Authority (Nepra). Under Nepra’s Consumer Service Manual, if a consumer does not clear the third month’s bill — along with arrears from the previous two months — by the due date, the concerned distribution company (DISCO) is required to issue an Equipment Removal Order (ERO). The metering installation…

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Gold, silver prices surge in global and local markets

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gold price

Gold and silver prices continued their upward trajectory in both international and local markets. In the international bullion market, the price of gold per ounce rose by $30 to reach $5,138. Spot gold was up 0.6 per cent at $5,136.22 per ounce by 0729 GMT after hitting its highest level since January 30 earlier in the session. US gold futures for April delivery gained 1.5 per cent to $5,157.50. In the domestic market, the price of gold per tola increased by Rs3,000 to Rs534,562. Similarly, the price of 10 grams…

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PSX flips into freefall on macro uncertainty, weak sentiment

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PSX

Pakistan Stock Exchange (PSX) witnessed a deeply volatile session, as sustained selling pressure overshadowed early gains and dragged the benchmark KSE-100 index sharply lower. The market opened on a relatively firm note, with the index climbing to an intra-day high of 174,336.86 points during early trading hours. However, the positive momentum proved short-lived as profit-taking emerged at higher levels, sending the index downward amid heavy jitters. Investor confidence remained fragile throughout the session, weighed down by escalating geopolitical strains, uncertainty ahead of the forthcoming IMF assessment, and uneven corporate earnings…

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OGDC Announces Financial Results for the Half Year Ended December 31, 2025; Declares Highest-Ever Second Quarterly Dividend of Rs 4.25 per Share, Taking Half-Year Payout to Record Rs 7.75 per Share

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ISLAMABAD, February 23, 2026: The Board of Directors of Oil & Gas Development Company Limited (OGDC), in its meeting held on Monday, February 23, 2026, announced the financial results for the half year ended December 31, 2025, and declared a second interim cash dividend of Rs 4.25 per share (42.50%) — the highest-ever second quarterly dividend in the Company’s history. This brings the cumulative interim dividend for the half year to Rs 7.75 per share, representing the highest-ever half-year payout by the Company.OGDC posted net sales revenue of Rs 192.830…

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