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Year: 2025

NEPRA Recommends Immediate Removal of IESCO CEO Over Poor Performance

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New-NEPRA

Islamabad, April 10, 2025: The National Electric Power Regulatory Authority (NEPRA) has strongly recommended the immediate removal of Naeem Jan, Chief Executive Officer of Islamabad Electric Supply Company (IESCO), citing unsatisfactory performance. The recommendation was made by NEPRA Member (Technical) Rafique Ahmad Shaikh during a public hearing on IESCO’s request for adjustments related to the multi-year tariff (MYT) components for…

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Kazakhstan to Join TAPI Gas Pipeline Project, Strengthen Scientific and Economic Ties with Pakistan

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TAPI-gas

Islamabad, April 10, 2025: Kazakhstan is poised to formally join the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, marking a significant step forward in regional energy integration and cooperation. The development was shared by the Kazakh Ambassador during a meeting with Pakistan’s Federal Minister for Science and Technology, Khalid Hussain Magsi, held in Islamabad on Tuesday. The meeting underscored a shared commitment…

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Italy Targets $3 Billion Trade with Pakistan: Italian CG Calls for Stronger Economic Ties

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Pak-Italy

Karachi, April 10, 2025: Italy is aiming to double its bilateral trade with Pakistan to at least $3 billion in the coming years, announced Italian Consul General in Karachi, Fabrizio Bielli, during his visit to the Karachi Chamber of Commerce & Industry (KCCI). Highlighting Karachi’s economic significance, Bielli described the city as rich with untapped opportunities, particularly in energy, agriculture,…

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Alvarez & Marsal Eyes Pakistan Entry to Support Privatisation and Investment Growth

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A-M

Islamabad, April 10, 2025: Global professional services firm Alvarez & Marsal (A&M) has expressed a strong interest in expanding into Pakistan, signaling confidence in the country’s growing market and ongoing economic reforms. The development was revealed during a high-level meeting between an A&M delegation and Federal Finance Minister Senator Muhammad Aurangzeb in Islamabad. The delegation, comprising Division Executive Peter Briggs,…

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MDs of OGDCL and GHPL Hold Strategic Meeting with China’s Zijin Mining Group at Pakistan Minerals Investment Forum 2025

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Pak-China1

Islamabad, April 10, 2025: Managing Director and CEO of Oil and Gas Development Company Limited (OGDCL), Mr. Ahmed Hayat Lak, along with Managing Director of Government Holdings (Private) Limited (GHPL), Mr. Masood Nabi, held a productive meeting with the high-level delegation of Zijin Mining Group Co., Ltd of China. The meeting took place on the sidelines of the Pakistan Minerals…

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Pakistan and Saudi Arabia Forge Strategic Partnership on Geological Surveys; US Firms Signal Strong Interest in Pakistan’s Mineral Sector

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Pakistan-Mineral

The Pakistan Minerals Investment Forum 2025 (PMIF25) has entered a transformative new phase on its concluding day in Islamabad, marked by significant international collaboration and concrete investment commitments. Bringing together key stakeholders from both the national and global mining and minerals sectors, the forum has delivered announcements that promise to redefine Pakistan’s mineral resource strategy. Key Announcements and Strategic Initiatives…

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Trina solar Unveils Shield Extreme Climate Solution at Sydney’s Smart Energy Conference, Strengthening PV Asset Resilience in Asia Pacific

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Trina-solar2

Sydney, Australia : As Australia grapples with increasingly unpredictable and extreme weather events, Trinasolar, a global leader in smart PV and energy storage solutions, has launched its Shield Extreme Climate Solution in the Asia Pacific region. Debuted at the Smart Energy Conference 2025 in Sydney, this cutting-edge innovation is engineered to safeguard utility-scale PV power plants from harsh environmental conditions…

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Power Sector Circular Debt Jumps by Rs147 Billion in First Two Months of 2025By Rana Ghulam Qadir

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Power-Sector1

ISLAMABAD: Pakistan’s power sector is facing mounting financial stress as the circular debt surged by Rs147 billion in the first two months of 2025, reaching a staggering Rs2,531 billion by the end of February, up from Rs2,384 billion in December 2024. According to government sources, the debt rose by Rs60 billion in January 2025, hitting Rs2,444 billion, followed by an…

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Nepra Questions Revival of Idle Kot Addu Plant Amid Surplus Power, Issues Notices to NTDC, Mepco

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New-KAPCO

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday raised serious concerns over efforts to revive the long-idle Kot Addu power plant, questioning its necessity given Pakistan’s existing surplus power generation capacity. During a public hearing on a three-year tariff petition filed by Kot Addu Power Company (Kapco), Nepra grilled stakeholders on why no alternative solutions were developed during…

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KE Write-Offs Surge to Rs76bn as Utility Seeks Additional Rs8bn, Drawing Public Backlash

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K-Electric-3

ISLAMABAD: K-Electric’s (KE) cumulative write-off claims have surged to a staggering Rs76 billion, with the utility now seeking an additional Rs8.131 billion in unrecovered billing losses, according to a fresh petition submitted to the National Electric Power Regulatory Authority (Nepra). The new request adds to KE’s previous Rs67.902 billion claim for the 2017-2023 Multi-Year Tariff (MYT) period. A prior public…

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