Category: Popular News

Pakistan clears Rs100 billion Chinese energy debt

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ISLAMABAD: Pakistan has decided to settle over Rs100 billion in dues owed to Chinese power plants ahead of Prime Minister Shehbaz Sharif’s upcoming visit to Beijing, reducing the country’s outstanding obligations to Chinese producers by nearly one-fourth. This move aims to address one of Beijing’s major concerns. Monsoon safety gear The Ministry of Finance has issued instructions to release the funds from the power sector subsidies earmarked in this fiscal year’s budget, according to government officials. They said that it is expected the Rs100 billion will be disbursed to the…

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Oil prices edge up as traders weigh supply risks

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Oil falls

LONDON: Oil prices climbed on Monday as traders weighed concerns that Russian supply could be disrupted by more U.S. sanctions and Ukrainian attacks targeting energy infrastructure in Russia. Brent crude futures rose 40 cents, or 0.6%, to $68.13 by 1200 GMT, and West Texas Intermediate (WTI) crude futures gained 44 cents, or 0.7%, to $64.10. “The market is somewhat concerned that these peace negotiations are going nowhere,” said Ole Hansen, head of commodity strategy at Saxo Bank. “The market is looking for supply to exceed demand in the autumn months, but in…

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2nd International Solar Power Conclave & Solar Excellence Awards 2025 scheduled for August 28 in Lahore

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Lahore: The city of Lahore is set to host one of the country’s most significant renewable energy gatherings, the 2nd International Solar Power Conclave & Solar Excellence Awards 2025, taking place on 28th August 2025. The event is being organised by Energy Update in association with the Private Power & Infrastructure Board (PPIB), the Pakistan Solar Association (PSA), the Pakistan Alternative Energy Association (PAEA), and the Renewable Energy Association of Pakistan (REAP). It aims to provide a high-level platform for policymakers, industry leaders, investors, and international technology providers to engage…

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Beyond borders: Pakistan’s oil, gas firms compete with World’s Best in Libya

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oil

Pakistan’s quest to transform its resource economy has taken another leap forward, with its leading energy companies—Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL)—qualifying among 29 global contenders for Libya’s upcoming oil and gas block bid round. The development not only signals the growing ambitions of Pakistan’s exploration and production (E&P) sector but also resonates strongly with the vision laid out earlier this year at the Pakistan Mineral Investment Forum-2025. Held in April, the forum set the stage for unlocking Pakistan’s estimated $6 trillion to $8…

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Dar Stresses Affordable Energy, Reviews Prices of Essential Commodities

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Ishaq-Dar

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Friday chaired two key meetings on the energy sector and essential commodities, stressing affordability and consumer protection. In a detailed briefing by the Ministry of Petroleum, Dar underlined the need to enhance exploration and boost productivity, while ensuring that energy remains affordable for citizens. He noted that Pakistan is blessed with vast energy and mineral resources, which must be developed to maximize their contribution to economic growth. The meeting was attended by the Petroleum Minister, SAPM on Privatisation, SAPM Tariq…

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