Category: Popular News

Power export beyond borders

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The menace of circular debt has today become one of the gravest threats to Pakistan’s sovereignty and survival, rivaling the scourges of terrorism and insurgency that have long plagued the state. The circular debt in the power sector has already surpassed five trillion rupees, creating a financial vortex that cripples the government, suffocates economic growth, and burdens citizens with unaffordable tariffs. Unless Pakistan begins to think imaginatively, innovatively, and courageously, this spiraling debt will continue to erode the very foundations of the national economy. One solution, which is both viable…

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Wafi Energy Pakistan explores opportunities in oil marketing sector

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Wafi Energy

Wafi Energy Pakistan Limited, formerly Shell Pakistan Limited, announced that its board has authorised management to explore potential investment and acquisition opportunities in the country’s oil marketing sector. The listed OMC disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. “At a meeting of the Board of Directors of Wafi Energy Pakistan Limited held at the registered office of the company on Thursday, 21 August, the Board has in-principal authorized the management to pursue potential investment/acquisition opportunities in the oil marketing sector, including for the…

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Pakistan and Bangladesh Explore Enhanced Cooperation in Energy and Mineral Sectors

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Islamabad, August 19,2025 Federal Minister for Petroleum, Mr. Ali Pervaiz Malik was called on by the High Commissioner of Bangladesh to Pakistan, His Excellency Mr. Md. Iqbal Hussain, at the Ministry of Petroleum. The discussions focused on strengthening bilateral cooperation in key sectors, including limestone, coal and petroleum products to foster mutual economic growth and energy security. Minister Ali Pervaiz highlighted Pakistan’s commitment to deepening ties with Bangladesh, stating, “Prime Minister Shehbaz Sharif is keen to support our brothers in Bangladesh and enhance cooperation in various sectors. Pakistan values its…

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Federal Minister Ali Pervaiz and US Charge d’Affaires Natalie A. Baker Discuss Enhanced US-Pakistan Cooperation in Oil, Gas, and Minerals

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ISLAMABAD, August 20,2025 Federal Minister for Petroleum Ali Pervaiz Malik, held a meeting with Her Excellency Ms. Natalie A. Baker, the US Charge d’Affaires to Pakistan, at the Ministry of Petroleum. The high-level discussion focused on strengthening bilateral cooperation between the United States and Pakistan in the energy sector, with particular emphasis on oil, gas, and minerals sector. Charge d’Affaires Natalie A. Baker highlighted the significant opportunities for American investment in Pakistan’s energy landscape. “There is a strong and growing interest from US companies in Pakistan’s Oil, Gas, and Minerals…

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PM Shehbaz’s China visit to mark formal launch of CPEC-II

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ISLAMABAD: The government on Tuesday announced that Prime Minister Shehbaz Sharif’s upcoming visit to China later this month will mark the formal launch of the second phase of the China­-Pakistan Economic Corr­idor (CPEC-II), focused on industrial cooperation, after a delay of about five years.“Prime minister’s upcoming visit will mark the formal launch of CPEC Phase-II, with both sides expected to set clear priorities and agree on tangible, measurable outcomes,” said an official announcement quoting Planning Minister Ahsan Iqbal, focal person on the multi-billion-dollar bilateral initiative, as saying at a high-level…

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