Author: Admin

ECC Approves Revised Wind, Solar Power Agreements to Cut Tariff Liabilities

Admin
Power

Islamabad: The Economic Coordination Committee (ECC) of the federal cabinet on Friday approved revised agreements with 14 wind power producers, amendments to a major solar power project in Punjab, termination of a small independent power producer (IPP) contract, and a reduction in late payment surcharge for government-owned power plants. According to officials, the renegotiated agreements are expected to generate around Rs163 billion in savings over the lifetime of the projects. However, the government will also immediately release approximately Rs235 billion in outstanding payments to government power plants and other producers.…

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Industrialists Slam Govt Over Gas Suspension, Power Tariff Hike

Admin
Gas-Sale

Karachi: Industrialists and business leaders have strongly criticised the government’s decision to suspend gas supply to industries for two days a week and curtail supply to fertiliser plants, warning that the move could further strain Pakistan’s fragile economy amid rising energy costs. Business leaders noted that the country is already facing severe economic challenges due to the escalating cost of doing business. The high prices of electricity and gas, they said, have significantly reduced the competitiveness of Pakistan’s industrial sector in international markets. Businessmen Group (BMG) Chairman Zubair Motiwala and…

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Power Hike, Gas Closure Threaten Industrial Output: S.I.T.E. President

Admin
New-Project12

Karachi: Abdul Rehman Fudda, President of the S.I.T.E. Association of Industry, has voiced serious concerns over the recent surge in electricity tariffs and the abrupt closure of gas supply to industries for two consecutive days. The suspension, he said, was attributed to the absence of RLNG cargos from Qatar, as reported by Sui Southern Gas Company. SAI President highlighted that the NEPRA had already increased electricity rates twice last year—33 paisa per unit for the July-September 2025 quarter, followed by 35 paisa per unit for October-December 2025. Now, NEPRA has…

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Petrol, diesel prices to increase by Rs55 per litre

Admin

The federal government has increased the prices of petrol and high-speed diesel by Rs55 per litre, taking the price of petrol to Rs321.17 per litre from Rs266.17, while the price of high-speed diesel (HSD) has risen to Rs335.86 per litre from Rs280.86, effective from midnight, 07 March, 2026, amid a sharp surge in global oil prices. Deputy Prime Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, and Federal Minister for Petroleum Ali Pervaiz Malik announced the decision during a news briefing late Friday night, stating that the government had been reviewing…

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Pakistan Invites Swedish Firms to Expand Mining Footprint Beyond Reko Diq in Upcoming PMIF

Admin
PMIF

Islamabad: March 06, 2026 Federal Minister for Petroleum, Ali Pervaiz Malik held a meeting with H.E. Alexandra Berg von Linde, Ambassador of Sweden to Pakistan, to discuss ongoing bilateral cooperation and explore new avenues of partnership, particularly in the mining and energy sectors. During the meeting, both sides acknowledged the long-standing relationship between Pakistan and Sweden and emphasized the importance of strengthening economic and industrial collaboration. Ambassador Alexandra Berg von Linde noted that Sweden has maintained strong engagement with Pakistan for the past 77 years, with cooperation spanning multiple sectors…

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