Category: Popular News

Report analyses impact of solar imports on Pakistan’s power sector

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Solar-wind

KARACHI: Renewables First, a think tank on energy and environment, has launched a new report titled ‘Leader of One or Leader of None – China’s Choice for Clean over Coal in Pakistan’, which examines China’s growing paradox in the Global South: acting as both a clean energy powerhouse and a financier of fossil fuels, with Pakistan serving as a pivotal case study. America’s withdrawal from the Paris Agreement threw international climate action into uncertainty, raising questions over who, if anyone, might assume global leadership in the fight against climate change.…

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PARCO Participates in Baku Energy Week 2025 to Boost Global Energy Ties

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New-Project32

PARCO proudly represented Pakistan at Baku Energy Week 2025, joining global energy leaders to shape the future of the sector. Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, held key discussions with Mubadala Energy’s CEO Mr. Mansoor Mohamed Al Hamed and COO Mr. Adnan Omer Bu Fateem to enhance bilateral energy cooperation. PARCO’s Managing Director, Mr. Irteza Ali Qureshi, also attended, highlighting PARCO’s commitment to Pakistan’s long-term energy goals. The event served as a platform for strengthening international energy partnerships, driving innovation, and promoting sustainability.

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Punjab to Slash Power Tariffs Using Profits from State-Owned Power Plants

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New-Wapda

LAHORE: In a major relief move, the Punjab government announced that it will finance a significant power tariff reduction by utilizing billions in profits and savings from two of its state-owned power companies — Quaid-e-Azam Thermal Power Pvt Ltd and Punjab Thermal Power Pvt Ltd. The provincial cabinet approved a 30-40% tariff cut for electricity generated by these plants, aligning with the federal government’s earlier initiative of renegotiating contracts with Independent Power Producers (IPPs) to lower costs. According to officials, both thermal power companies will forgo annual profits of Rs12-13…

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Federal Maritime Affairs Minister Announces Plan to Establish Pakistan’s Own Shipping Line

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New-Project30

KARACHI: Federal Minister for Maritime Affairs, Junaid Anwar Chaudhry, has announced that the government has agreed in principle to establish Pakistan’s own shipping line, fulfilling a long-standing demand of the country’s business community. The announcement came during the minister’s visit to the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Head Office in Karachi, where he held an extensive consultative session with leading figures from the business, trade, and shipping sectors. Mr. Atif Ikram Sheikh, President of FPCCI, informed the media that the federal minister had endorsed the federation’s…

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