ISLAMABAD: The government has announced a reduction in petroleum prices, offering some relief to the public, Energy Update reported on Monday. As per the notification, the price of petrol has been decreased by Rs 2.7 per liter, bringing the new price to Rs 247.03 per liter. High-speed diesel saw a reduction of Rs 3.40 per liter, while light diesel has…
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KARACHI: Muhammad Jawed Bilwani, Zia ul Arfeen and Faisal Khalil were announced elected as President, Senior Vice President and Vice President of the Karachi Chamber of Commerce & Industry (KCCI) respectively for 2024-26 at the 63rd Annual General Meeting held at KCCI’s Auditorium.Chairman Businessmen Group (BMG) Zubair Motiwala, Vice Chairmen BMG Anjum Nisar and Mian Abrar Ahmed, General Secretary BMG…
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Islamabad, September 30, 2024: The Oil and Gas Regulatory Authority (OGRA) has notified the maximum Price of LPG, effective October 01 2024, as under; 2. The LPG price Notification for the month of October 2024 is readily available at OGRA website www.ogra.org.pk. 3. The LPG producer price is linked with Saudi Aramco-CP and US$ dollar exchange rate. As compared to…
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GILGIT: Gilgit city has been experiencing severe power outages for the past four days due to a boulder striking the water channel of the 18-megawatt Naltar power station. The Water and Power Department reported that the power supply has been suspended since Wednesday and will likely remain disrupted until October 2 as maintenance efforts continue. The prolonged outages have significantly…
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ISLAMABAD: A delegation of 50-55 Pakistani business representatives has arrived in Moscow today for a series of business-to-business (BtB) trade meetings, aiming to boost bilateral trade across various sectors. Federal Minister for Petroleum Division, Musadik Malik, who is already in Moscow for the Russian Energy Week, will lead the delegation during the meetings with Russian counterparts. The BtB interactions will…
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LAHORE: Federal Planning and Development Minister Ahsan Iqbal emphasized the immense potential Pakistan has in producing renewable energy from wind and solar, estimating a capacity of 30,000 megawatts from wind and three billion megawatts from solar energy. However, he stressed that mobilizing both private and public finance is essential to harness this potential. Speaking at the Asia Energy Transition Summit…
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ISLAMABAD: The Competition Commission of Pakistan (CCP) has called on the government to fast-track the implementation of the Competitive Trading Bilateral Contract Market (CTBCM) model to open up Pakistan’s wholesale electricity market, fostering greater competition and efficiency in the power sector. In its Competition Assessment Study on the Power Sector, the CCP stressed the need for retail competition as the…
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ISLAMABAD: Chinese company CIHC Pak Power Company (Pvt) Ltd (CPPCL) has expressed conditional willingness to continue work on the 300-MW Gwadar coal power plant if both the Pakistani and Chinese governments decide to abandon the project, according to well-placed sources within the Private Power Infrastructure Board (PPIB). The 300-MW coal-fired plant, part of the China-Pakistan Economic Corridor (CPEC), has faced…
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LAHORE: State Bank of Pakistan (SBP) Governor Jamil Ahmed announced the development of a climate-driven banking framework to support financing for energy transition in Pakistan. Speaking at the Asia Energy Transition Summit, organized by the Pakistan Renewable Energy Coalition (PREC) in collaboration with the Lahore University of Management Sciences’ Energy Institute, SDPI, Renewables First, and PRIED, Ahmed highlighted the need…
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Pakistan is undergoing a significant energy transformation. As of 2024, the country has emerged as a key overseas market for Chinese photovoltaic (PV) companies. Data from the China Photovoltaic Industry Association (CPIA) shows that Asia overtook Europe as the largest export destination for PV products in the first half of 2024, with Pakistan ranking as the second-largest module export market…
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