ISLAMABAD: The Federal Cabinet has approved the sale of a 15% stake in the Reko Diq project to Saudi Arabia for $540 million under the Intergovernmental Commercial Transactions Act. According to industry sources, the Federal Cabinet has now allowed the Saudi government to acquire the shares through a direct deal, and the move is seen … Read more
Islamabad: The Federal Cabinet, led by Prime Minister Shehbaz Sharif, on Tuesday approved settlement agreements with eight sugarcane-based independent power producers (IPPs). This decision, which was taken based on the recommendations of the Ministry of Energy and the Department of Energy, is expected to lead to a significant reduction in electricity tariffs. The approved IPPs … Read more
Prime Minister Shehbaz Sharif chairs a meeting of the Ministerial Committee on Energy in Islamabad on October 9, 2024. – PID The Cabinet Energy Committee approves the formation of ISMO. The board of directors of the new entity includes experts from the energy sector. ISMO to allow the purchase of energy from suppliers other than … Read more