Feroze Power (Pvt) Ltd has signed a memorandum of understanding with Maysun Solar to establish a solar panel production plant in Karachi. This initiative aims to boost local production of clean energy equipment in Pakistan, to increase renewable power generation while minimizing the impact on the country’s foreign currency reserves.“One of the main objectives is to ensure the necessary transfer…
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KARACHI: The oil sector has urged the Oil and Gas Regulatory Authority (Ogra) to revise the margins for oil marketing companies (OMCs) to alleviate growing financial pressures. In a letter to Ogra’s chairperson, the Oil Companies Advisory Council (OCAC) highlighted several issues, including smuggling, high financing costs, turnover tax, and insufficient margins, all of which are straining the industry. The…
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ISLAMABAD: In a sweeping crackdown on illegal petrol pumps, provincial governments have sealed 917 outlets operating without the mandatory K-Forms (explosive licenses). The operation primarily targeted petrol stations abandoned or surrendered by oil marketing companies (OMCs), along with numerous illegal “dabba” stations selling smuggled petroleum products. Authorities revealed that 1,310 illegal retail outlets selling smuggled petroleum products were identified, with…
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LAHORE: Mian Abuzar Shad, President of the Lahore Chamber of Commerce and Industry (LCCI), inaugurated the three-day Pakistan Energy Expo at the Lahore Expo Center on Wednesday. Speaking at the event, Shad emphasized the critical need for reforms in the energy sector to address the challenges hampering the country’s economic growth. Joined by Acting Chinese Consul General Mr. Cao and…
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ISLAMABAD: Federal Minister for Board of Investment, Privatisation, and Communications Abdul Aleem Khan held high-level discussions with Russia’s Deputy Prime Minister Alexey Overchuk and other Russian ministers at the Kremlin. Key topics included the TAPI gas pipeline, bilateral trade, international road transport agreements, and proposed infrastructure projects like a rail link between the two nations. Overchuk praised Pakistan’s interest in…
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ISLAMABAD: The Power Division on Thursday declined to share details on the ongoing negotiations between the Task Force on Power Sector Reforms and Independent Power Producers (IPPs), but assured that progress is being made and good news will be shared soon, as talks with several IPPs are at an advanced stage. Special Secretary Arshad Majeed, who also serves as Secretary…
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ISLAMABAD: The Senate Standing Committee on Privatisation was informed on Thursday that despite spending Rs250 million on the privatisation process of power distribution companies (Discos), not a single transaction has been completed. Committee chairman Senator Tallal Badar expressed frustration over this wasteful expenditure, questioning the message it sends internationally. The Ministry of Energy briefed the committee on the proposed privatisation,…
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NA Committee to Review KE’s Performance in Karachi | Utility Seeks 51 Paise Tariff Hike for August ISLAMABAD: Despite overcapacity in the power system, complaints of overbilling, excessive loadshedding, and high electricity costs in Karachi dominated discussions at parliamentary and regulatory forums on Thursday. K-Electric (KE) faced sharp criticism from the National Assembly’s Standing Committee on Power and a public…
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