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Month: April 2025

US Envoy met with Federal Minister Petroleum to discuss Pak US relations and opportunities and support in energy sector

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energy-sector1

Charges d’Affairs US Embassy H.E Natalie Baker met today with Federal Minister for Petroleum Ali Pervaiz Malik to discuss bilateral energy collaboration, sustainable development, and opportunities for enhancing Pak-US relations. The meeting, held at the Ministry of Petroleum, focused on strengthening U.S.-Pakistan partnerships in the energy sector, including renewable energy initiatives, minerals, hydrocarbons and infrastructure investments. Natalie Baker and Minister…

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Another Relief on the Way: Govt Plans to Remove PTV Fee from Electricity Bills

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Electricity-Bills

Islamabad: In a bid to provide financial relief to electricity consumers, the government has prepared a plan to eliminate unnecessary charges, including the PTV license fee, from electricity bills. According to sources in the Power Division, a proposal has been finalized to remove the monthly PTV fee of Rs. 35 currently charged to domestic consumers. Industrial and commercial consumers, who…

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Zero Tariffs on US Goods: A Strategic Move to Secure Trade Ties with Trump

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Zero-Tariffs

By Farrukh Saleem US President Donald Trump is reshaping global trade dynamics with an aggressive tariff strategy, leveraging America’s $800 billion trade deficit to dictate terms. Unlike many world leaders who react to changing circumstances, Trump has seized the initiative, setting the pace of international trade policy with a clear strategic vision. For *Pakistan, the US remains a **crucial trade…

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Energy Sector Circular Debt Surges to Rs4,700 Billion, Posing Major Fiscal Risk

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Circular-Debt

ISLAMABAD: The Ministry of Finance has identified the rising circular debt in the energy sector as a *major fiscal challenge, warning that its continued growth threatens *economic stability. According to official documents, the circular debt stood at Rs4,700 billion as of *December 2024, with *Rs2,400 billion attributed to the power sector and Rs2,300 billion to the gas sector. The ministry…

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Punjab Implements Advanced Thermal Imaging for Forest Monitoring

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Thermal-Imaging

LAHORE: The Punjab government has introduced cutting-edge thermal imaging technology for *24/7 satellite monitoring of forests, enabling *real-time detection of forest fires, illegal logging, and unauthorized activities. Punjab is the first province in Pakistan to deploy *thermal imaging for forest surveillance, launched under the directives of **Chief Minister Maryam Nawaz Sharif. The initiative has commenced in **Murree and Rawalpindi, with…

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Nepra Approves Rs3.02 per Unit Negative FCA for KE, Withholds Rs2 Billion

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NEPRA-KE

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a negative Fuel Charges Adjustment (FCA) of Rs3.021 per unit for K-Electric (KE) consumers for *January 2025, allowing a refund of *Rs2.93 billion in April’s electricity bills. However, Nepra has withheld Rs2 billion from the total negative adjustment. During a public hearing on *March 20, Karachi-based consumers opposed the adjustment…

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Global Coal Power Rises Slightly in 2024 Despite Renewable Surge

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Coal-power

SINGAPORE: Global coal power capacity saw a modest increase of 18.8 gigawatts (GW) in 2024—its smallest annual rise in two decades, according to the latest report by US-based Global Energy Monitor (GEM). Despite rapid growth in renewable energy, 12 countries commissioned 44GW of new coal-fired plants last year, outweighing the *25.2GW of retirements. This brought the world’s total coal generation…

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Who Pays What Under New Electricity Tariffs

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Your-Bill

In a decisive move to ease the burden of high-power costs, Prime Minister Shehbaz Sharif has announced a new electricity tariff structure, with immediate implementation. The new rates bring much-needed relief to low-usage households while setting a transparent framework for commercial, industrial, and agricultural sectors. 🔌 Here’s What You’ll Pay Now: The new pricing structure aims to provide targeted relief…

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Cheaper Power to Revive Economy: Business Leaders Laud PM’s Tariff Cut

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Tariff-Cut

KARACHI: Pakistan’s business community has welcomed Prime Minister Shehbaz Sharif’s decision to reduce electricity tariffs, calling it a crucial step toward easing the burden on consumers and reviving industrial activity. M. Abdul Aleem, Secretary General of the Overseas Investors Chamber of Commerce and Industry (OICCI), termed it a “positive move,” especially in light of stringent IMF conditions and limited fiscal…

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OGDCL Announces Revival of Oil & Gas Production from Chak # 2-2 Well in Sanghar, Sindh

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ISLAMABAD, April 03, 2025: Oil and Gas Development Company Limited (OGDCL) on Thursday announced the successful revival of oil and gas production from Chak # 2-2 Well, a joint venture in the Sinjhoro Block, located in the Sanghar district of Sindh. This achievement underscores OGDCL’s commitment to enhancing the country’s hydrocarbon resources and ensuring energy security.The Sinjhoro Block comprises OGDCL…

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