ISLAMABAD: The government has decided to conduct a feasibility study on exporting electricity to China, involving the Chinese firm M/s Three Gorges, according to sources from the Power Division. This decision was made during a meeting led by Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, to finalize strategies for the upcoming high-level visit to Russia. The meeting, which…
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KARACHI: Awaam Pakistan Party leader Miftah Ismail has announced his plan to file a petition against K-Electric, citing a 350% increase in electricity rates since 2015. Speaking at a protest outside K-Electric’s head office, Ismail criticized the government’s management of electricity tariffs, arguing that it places undue burden on ordinary citizens. He highlighted the Pakistan People’s Party’s unfulfilled promise of…
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ISLAMABAD: Pakistan Oilfields Limited (POL) has announced the discovery of significant hydrocarbon reserves at its Razgir-1 exploratory well in Kohat district, Khyber Pakhtunkhwa. POL, a subsidiary of Attock Oil Company Limited, shared the news with the Pakistan Stock Exchange (PSX) on Monday. The Razgir-1 well, part of the TAL block operated by MOL Group, was spudded on January 9, 2024,…
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ISLAMABAD: K-Electric (KE) has requested the Petroleum Division’s assistance to secure 100 MMSCFD of surplus indigenous gas from Mari Petroleum Company Limited (MPCL), following the expiry of MPCL’s contract with SNGPL. KE referenced its November 3, 2023, letter requesting gas allocation for its fleet and initiated discussions with gas exploration companies including Mari, PPL, PEL, Eni, OGDCL, and MoI. KE’s…
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ISLAMABAD: Privatization Minister Abdul Aleem Khan announced on Saturday that three power companies will be privatized, emphasizing a transparent and timely process. In a meeting of the Privatisation Commission Board, issues related to the privatisation of Discos and other state-run companies, including Pakistan International Airlines, were discussed. The board unanimously decided to privatize three power generation companies in the first…
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ISLAMABAD: The Power Division has denied allegations that parliamentarians receive free electricity, stating in an official announcement that no such facility is provided to lawmakers or any government institution. The denial follows a privilege motion submitted by several MNAs who were accused of availing free electricity. The MNAs clarified that they pay rent and cover their own electricity and gas…
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