ISLAMABAD: Pakistan has deferred its liquefied natural gas (LNG) contract with Qatar for a year, Petroleum Minister Musadik Malik said on Wednesday, adding that the country will now get LNG cargoes from Qatar in 2026 instead of 2025. Annual power use in Pakistan, which gets over a third of its electricity from natural gas, has declined 8-10% year-on-year over the past…
Read More
Minister of State for Information Technology Shaza Fatima has said that the government is trying to bring the world’s billionaire Elon Musk’s satellite company Starlink to Pakistan. The minister stated this during a meeting of the Senate Standing Committee on IT and Telecom chaired by Palwasha Khan. Chairman Palwasha Khan said that whatever initiative the Ministry of IT takes, it…
Read More
KARACHI (Dec 5): Sindh Chief Minister Murad Ali Shah emphasized the critical need for collaboration between local and international stakeholders to tackle the province’s multifaceted challenges and pave the way for sustainable and inclusive development. The Sindh government and UN hosted and event to Strengthen Collaboration with International Development Partners at local hotel. Minister P&D Syed Nasir hosted the event.…
Read More
ISLAMABAD: Prime Minister Shehbaz Sharif is likely to inaugurate two key projects by K-Electric: the Kanupp-KE Interconnection (KKI) and the Dhabeji Grid Station. These projects are designed to improve electricity supply for consumers served by the power utility company. In a letter to the Prime Minister, K-Electric’s Chief Executive Officer (CEO), Syed Moonis Abdullah Alvi, highlighted that these landmark energy projects—the…
Read More
November 2024 petroleum sales surge 15% YoY to 1.58 million tons, the highest in over two years. Macroeconomic stabilization, reduced smuggling, and lower prices drive demand.High-Speed Diesel (HSD) sales reach a 30-month high, fueled by seasonal agricultural demand. KARACHI: Pakistan’s petroleum product sales hit a 25-month peak in November 2024, with a 15% year-on-year (YoY) increase to 1.58 million tons,…
Read More
ISLAMABAD: Pakistan and Russia are actively discussing terms for the import of Russian oil, with Petroleum Minister Musadiq Malik highlighting the complexities involved, including shipping logistics, insurance, and potential secondary US sanctions. Speaking at a media briefing, Malik refrained from disclosing the oil price but clarified that such deals require intricate planning. He noted that Pakistan State Oil (PSO)’s Pakistan…
Read More
KARACHI: Hub Power Holdings Limited (HPHL), a subsidiary of The Hub Power Company Limited (HUBCO), has joined forces with Mega Conglomerate (Private) Limited (MCPL) to enhance its partnership with Chinese electric vehicle giant BYD Auto Industry Company Limited. In a notice to the Pakistan Stock Exchange (PSX), HUBCO announced that MCPL will acquire a 50% stake in Mega Motor Company…
Read More
ISLAMABAD: Prime Minister Shehbaz Sharif has established a three-member panel to deliberate on the conversion of the 660-MW Jamshoro Power Plant (JPP) to utilize 100% Thar coal. The committee includes Federal Minister for Power Sardar Awais Khan Leghari, Minister of State for Finance Ali Pervaiz Malik, and SAPM on Power Muhammad Ali, with provisions to include additional members as required.…
Read More
ISLAMABAD: After extensive negotiations, the government task force on energy and 17 Independent Power Producers (IPPs) operating under the 1994 and 2002 Power Policies have reached an agreement on a hybrid ‘take and pay’ model. The deal marks a significant step toward addressing inefficiencies in power purchase agreements (PPAs) while reducing the financial burden on the national exchequer. The task…
Read More
KARACHI: Industrialists and traders in Hyderabad have raised alarms over persistent energy issues, including critically low gas pressure, extended load-shedding, and inefficiencies in service delivery by Sui Southern Gas Company Limited (SSGCL) and Hyderabad Electric Supply Company (HESCO). With winter exacerbating gas shortages, industrial and commercial sectors report plummeting pressure levels and air in gas lines. HESCO’s daily six-to-eight-hour load-shedding…
Read More
