Author: Admin

Finance Minister Warns of Climate Threats, Calls for Urgent Mobilisation of Green Finance

Admin
Muhammad-Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb has issued a stark warning about Pakistan’s economic and environmental future, urging immediate mobilisation of climate finance to counter what he termed as “existential threats to national survival” posed by climate change and rapid population growth. Speaking at a high-level plenary session titled “Mobilising Finance for a Circular, Climate-Resilient South Asia” — held on the third day of the Sustainable Development Conference organised by the Sustainable Development Policy Institute (SDPI) — Mr Aurangzeb stressed the need for swift adaptation of Pakistan’s fiscal and regulatory systems…

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PPL commences Early Production from Dhok Sultan – 3; aims to ramp up production up to 1,400 bbl/d oil, 2.5 MMscfd gas and 15 tonnes/d LPG

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New-Project99

We are proud to announce that Pakistan Petroleum Limited (PPL) has commenced oil production from its operated and recently-discovered exploratory well Dhok Sultan-3, Dhok Sultan Block, since November 1, 2025 under appraisal/ Extended Well Testing. The oil is processed through the company’s operated Dhok Sultan Oil Handling Facility whereas the gas is transported at Meyal Gas Processing Facility. The oil is sold to Attock Refinery Limited and gas to Sui Northern Gas Pipelines Limited. This arrangement has provided the potential to ramp up production up to 1,400 bbl/d oil, 2.5…

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Power Sector Circular Debt Rises to Rs1.69tr in Q1FY26

Admin
New-DEBT

ISLAMABAD: Pakistan’s chronic power sector circular debt surged by Rs79 billion in the first quarter (July–September) of fiscal year 2025–26, pushing the total to Rs1.693 trillion by the end of September, according to the latest report released by the Power Division. The debt stock, which was Rs1.614 trillion at the close of FY2024–25, has resumed its upward trajectory, reigniting concerns over inefficiencies, financial leakages, and weak governance within the electricity supply chain. Energy experts attributed the increase to persistent power theft, poor bill recoveries, and structural weaknesses across state-run distribution…

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Fossil Fuel Demand Declines as Solar Energy Gains Momentum

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Solar-Energy

KARACHI: After decades of dependence on imported and domestic fossil fuels, Pakistan’s energy landscape is witnessing a fundamental shift toward cheaper, cleaner, and more sustainable sources. Fiscal Year 2024 (FY24) marked a turning point, with shrinking energy supplies, subdued consumption, and growing economic pressures reshaping how the nation meets its power needs. According to the Pakistan Energy Market Review (PEMR) 2025 by Renewables First, the country’s primary energy supplies fell for the second consecutive year in FY24, while final energy consumption saw a steep decline due to affordability challenges and…

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