Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting on New Energy Vehicle (NEV) Policy 2025 at the Finance Department today. The policy aims to address key challenges in the adoption and production of electric vehicles (EVs) and set ambitious targets for the transition to clean energy in the transportation sector. The … Read more
French Ambassador to Pakistan Nicolas Jalli met with Energy Minister Owais Leghari to discuss the challenges faced by French independent energy producers operating in Pakistan. The meeting comes in the wake of the commitment made by Prime Minister Shehbaz Sharif to French President Emmanuel Macron during their bilateral meeting in Riyadh last month. The challenges … Read more
Frontier Holdings Ltd (FHL), a foreign oil and gas exploration company, has written to the Petroleum Department requesting intervention to implement an international court ruling against Petroleum Exploration (Pvt) Ltd (PEL), a local energy company. According to a news report, the letter, sent to the Petroleum Division’s Director General of Petroleum Concessions, highlights FHL’s victory … Read more
The Competition Commission of Pakistan (CCP) held a high-level publication session at its head office to present the findings and recommendations of its recently published report. Study evaluating competition in the energy sector. The session was chaired by Central Control Committee members Mr. Saeed Ahmed Nawaz, Mr. Salman Amin and Ms. Bushra Naz Malik, with … Read more
According to a report by L The Express Tribune, Pakistan has halted plans for a $300 million floating solar project aimed at generating 300 megawatts of electricity, citing the need to re-evaluate the country’s long-term energy strategy. The project, which had the potential to significantly reduce reliance on costly thermal power, was postponed after the … Read more
Islamabad: As the government intensifies efforts to re-evaluate agreements with independent power producers amid rising electricity tariffs, Special Assistant to the Prime Minister on Energy Mohamed Ali accused energy companies of obstructing regulatory audits. Speaking on a talk show, Ali criticized independent power producers for resisting attempts by regulators to review their operations. He stressed … Read more
KARACHI: Chinese and Pakistani diplomats signed memorandums of understanding (MoU) on five projects in the areas of transport, health, energy and agriculture in Karachi, with support from the Sindh government. The agreements include local assembly of electric vehicles, local manufacturing of solar panels, production of slow-release fertilisers, algae farming, and establishment of a medical city … 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
Saif Power Limited (SPWL), a prominent independent power producer (IPP), announced that its Board of Directors has approved amendments to agreements concluded with the government. This disclosure, made in a filing with the Pakistan Stock Exchange, is part of the company’s alignment with the ongoing reforms in the energy sector. The revisions include major changes … Read more
Islamabad: Mughal Energy Company Limited announced plans to issue sukuks worth 2.5 billion rupees, after its board of directors approved amending the terms and structure of the issuance. The company disclosed this development to the Pakistan Stock Exchange (PSX) on Monday. According to the notice, the sukuk will be offered to the company’s existing shareholders … Read more