ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Power Division to implement a dual approach for Power Distribution Companies (Discos), focusing on both provincialisation and privatisation, to fulfill commitments to development partners, according to informed sources. During a recent meeting on power tariff reduction and Discos’ ownership, the Prime Minister instructed the Power Division to prepare a comprehensive roadmap and…
Read MoreMonth: January 2025
New Gwadar Airport Welcomes First Commercial Flight
RAWALPINDI: Pakistan International Airlines (PIA) will make history today as flight PK-503 from Karachi lands at the New Gwadar International Airport, marking the commencement of its operations. An official from the Pakistan Airport Authority (PAA) confirmed the milestone, with the inaugural flight scheduled to depart Karachi’s Jinnah International Airport at 9:20 am. The aircraft will receive a ceremonial water salute…
Read MoreCentre, KP Seek Clarity on Controversial Gas Sale Without Bidding
ISLAMABAD: The Prime Minister’s Office (PMO) and the Khyber Pakhtunkhwa (KP) government have sought clarification from the Petroleum Division regarding the proposed sale of gas from the Razgir field in Kohat without a competitive bidding process. This directive was issued by the PMO on January 2 following reports that a minority shareholder in the newly developed field had negotiated a…
Read MorePetrol shortage persists as minister warns hoarders
As an artificial petrol shortage has left motorists high and dry, the government warned petroleum products hoarders to end the criminal activity that creates a deliberate fuel shortage or be ready for dire consequences, including revoking the licences of oil marketers. The full-blown crisis of low fuel supplies at filling stations has multiplied the problems of commuters, forcing them to…
Read MoreAs cut in power tariff likely FRIA wants major reduction
LahoreAs the National Electric Power Regulatory Authority (Nepra) is likely to slash power tariff by Rs1.035 per unit as part of monthly fuel price adjustment for December 2024, the Ferozepur Road Industrial Association has said that some major cut should be introduced to provide relief to electricity consumers, who are bearing very high tariffs.FRIA Chairman Shahbaz Aslam said that the…
Read MorePrint 2025-01-19
‘Disco Support Unit’ established LAHORE: In a significant move to curb power theft and improve recovery, the government has established a Disco Support Unit. According to a press release issued by LESCO’s spokesperson, the unit has been set up on the directives of the government of Pakistan. The unit will be headed by Chief Executive LESCO Engineer Shahid Hyder as…
Read MoreOGRA Holds Meeting with LPG Bowzers and Storage Tanks Manufacturers to Strengthen Safety Standards
Lahore, January 18, 2025: A high-level meeting with Liquefied Petroleum Gas (LPG) bowzers, storage tanks, and bullet manufacturers was convened today at the Regional Office of the Oil and Gas Regulatory Authority (OGRA) in Lahore. The meeting was chaired by Mr. Zain Ul Abideen, Member Oil, OGRA, and attended by senior directors and officers from the LPG and Enforcement departments.…
Read MorePakistan Ends Sui Gas Companies’ Monopoly, Opens Sector to Private Players
Islamabad, January 18, 2025 – The longstanding monopoly of Sui gas companies in the purchase and sale of gas has officially ended as the Petroleum Division notified the implementation framework for third-party gas sales. This landmark move, endorsed by the Executive Committee of the National Economic Council (ECNEC), allows private companies to purchase up to 100 mmcfd of gas annually,…
Read MoreNuclear Power Dominates Pakistan’s Grid with Low-Cost Energy Contribution
Islamabad, January 18, 2025 – Nuclear power emerged as Pakistan’s top electricity source in December 2024, contributing over 26% to the national grid at an exceptionally low cost of just over half a US cent per unit. This milestone highlights the growing role of nuclear energy in the country’s shift towards cleaner and more affordable power generation. In December, nuclear…
Read MoreWorld Bank Mission to Assess Delays in Dasu Hydropower Project Progress
Islamabad, January 18, 2025 – The World Bank will conduct an Implementation Support and Progress Review Mission for the Dasu Hydropower Project (DHP) Stage 1 from February 10 to March 5, 2025. The mission will evaluate the project’s progress and address implementation challenges. The 242-meter (794 ft) tall dam, designed to support a 4,320 MW hydropower station, is being constructed…
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