Category: Popular News

Pakistan’s bread maker shifts to renewable energy, targets 1MW solar capacity to cut costs

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solar power

Following the footsteps of various companies, Bunny’s Limited, a Pakistani manufacturer of bakery goods, has embarked on a phased transition toward renewable energy, with plans to expand solar power production to 1MW. In its first phase, the company successfully purchased and installed solar panels with 200KVA capacity. The installation of these solar panels will reduce the electricity bill by approximately 15%, read the company’s notice to the Pakistan Stock Exchange (PSX) on Thursday. “In its second phase, the company’s management is working to enhance the solar power production to 1MW.…

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TotalEnergies posts 23% drop in quarterly income as oil, gas prices sag

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totalenergies

PARIS: TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, as expected, the French oil major’s worst performance in four years, as higher upstream production failed to offset lower earnings caused by the recent plunge in oil and gas prices. Adjusted net income fell to $3.6 billion for the three months to June 30 from $4.7 billion a year earlier, matching analyst expectations in an LSEG consensus, and down from $4.2 billion in the first quarter. Brent crude prices have fallen 20% from a year ago, as OPEC+ producers – including…

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World Bank Seeks Amendments as NTDC Splits Into Three New EntitiesProject agreements must be updated; IWS contract extended to 2026

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world-bank

ISLAMABAD, July 24, 2025: The World Bank has requested formal amendments to existing project agreements following the restructuring of the National Transmission and Despatch Company (NTDC) into three new successor entities. The Bank’s Operations Manager for Pakistan, Gailius J. Draugelis, communicated this request in a letter to the Secretary of the Economic Affairs Division (EAD). Under the restructuring, NTDC has been divided into: Since legal agreements for the ongoing National Transmission Modernization I Project are still in NTDC’s name, the World Bank has asked the government to formally notify the…

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PM Shehbaz Halts Anti-Net Metering Campaign for Third TimeMove comes ahead of any formal proposal on tariff revision; 6,500 MW capacity already installed under net metering

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Net-Metering

Prime Minister Shehbaz Sharif has once again halted the government’s campaign against Pakistan’s net metering policy — marking the third time such a directive has been issued. This decision was taken even before a formal summary proposing changes to the purchase price was submitted to the Prime Minister’s Office. A senior Power Division official disclosed that earlier directives were issued to coordinate a media narrative through the Ministry of Information and Broadcasting for eventual cabinet review. However, instructions from the PM’s Office have now called for a pause in the…

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Government committed to completing K-IV Project at the earliest: Minister

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July 23, 2025: The Federal Minister for Water Resources Mian Muhammad Mueen Wattoo visited Greater Karachi Bulk Water Supply Scheme (K-IV Project) and reviewed the ongoing development works on the Project. Ms. Rana Ansar, Parliamentary Secretary for Water Resources, Syed Nasir Hussain Shah, Sindh Provincial Minister for Energy, Planning and Development, Nehal Hashmi and Chairman WAPDA Naveed Asghar Chaudhry also accompanied him. Member Water Syed Ali Akhtar Shah, GM/PD K-IV Project Amir Mughal and representatives of the Consultants and the Contractors were also present on the occasion. The Federal Minister visited in detail…

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