Reon, Telenor Form Strategic Alliance to Drive Clean Energy Transformation in Telecom Sector

New-Project101

ISLAMABAD: Reon Energy Limited achieved a major milestone at the Energy Finance Forum held at Marriott Hotel, Islamabad, by announcing a strategic alliance with Telenor Pakistan. The event, organized by Reon Energy, gathered thought leaders, financial experts, and industry pioneers to deliberate on the evolving energy landscape and the crucial role of innovation, finance, and technology in accelerating Pakistan’s sustainable energy transition. Under this partnership, Reon Energy and Telenor Pakistan will jointly explore Energy-as-a-Service (EaaS) opportunities designed specifically for the telecom sector. The initiative underscores both companies’ shared vision of…

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Romania Celebrates 107th National Day in Karachi with Pakistan Romania Business Council

New-Project100

Karachi, Romania marked its 107th National Day with a vibrant celebration at the Mövenpick Hotel in Karachi, in collaboration with the Pakistan Romania Business Council (PRBC). The event commemorated 61 years of diplomatic ties between Romania and Pakistan, highlighting cultural richness, enduring partnerships, and mutual respect. Attendees enjoyed a showcase of Romanian heritage through performances, exhibitions, and networking sessions, fostering stronger bilateral bonds in trade, culture, and diplomacy. This gathering served as the kickoff to the inaugural “Romanian Culture Days in Pakistan – Culture Bridges Nations,” a month-long series of…

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PMO Directs Power Division, AGP to Protect Pakistan’s Interests in Halmore Arbitration Case

Halmore-Power

ISLAMABAD: The Prime Minister’s Office (PMO) has instructed the Power Division and the Attorney General for Pakistan (AGP) to take urgent and proactive measures to safeguard the government’s interests in the international arbitration initiated by M/s Halmore Power Company, sources told Business Recorder. According to officials, the directives were issued through a formal communication by Syed Hamid Ali, Additional Secretary-II (O/B) at the PMO, following a Notice of Arbitration filed by Mian Karim-ud-Din, owner of the 225MW Halmore Power Company, before the London Court of International Arbitration (LCIA). The case…

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OGRA Conducts Public Hearing to Review and Revise RLNG Prices After Court Order

OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Thursday held a public hearing to review and revise Regasified Liquefied Natural Gas (RLNG) prices set over the past decade, following litigation and widespread protests from industrial and CNG consumers over retrospective billing amounting to nearly Rs150 billion. The hearing, held at the Sui Northern Gas Pipelines Limited (SNGPL) head office, was conducted in compliance with directions from the Lahore High Court, Multan Bench, issued in a writ petition dated October 11, 2025. The court had instructed OGRA to provide all…

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Industry Dismisses Government’s Claims of Circular Debt Reduction as New Tariff Hike Looms

IPPs

ISLAMABAD: Industrial stakeholders have strongly refuted the government’s assertions of curbing circular debt and achieving tariff relief through revised agreements with independent power producers (IPPs) and the incremental consumption package. They stressed that the high cost of electricity continues to cripple industrial competitiveness and demanded further tariff reductions to revive production and exports. After witnessing a temporary decline in the latter half of the previous fiscal year, capacity charges have once again surged. Power distribution companies (DISCOs) have sought the National Electric Power Regulatory Authority’s (Nepra) approval to recover Rs21.7…

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