Author: Admin

UN-ESCAP to Support Pakistan in Developing Energy Transition Investment Plan

Admin
Power genration

ISLAMABAD: The United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) will provide policy advisory and technical support on energy financing to assist Pakistan in developing its Energy Transition Investment Plan (ETIP), aimed at accelerating the country’s shift towards a sustainable and resilient energy future. At the request of the government, a UN-ESCAP scoping mission recently visited Pakistan and held consultations with relevant ministries and development partners to assess the country’s needs, challenges, and opportunities related to energy transition financing. According to UN-ESCAP, the mission helped identify…

Read More

Tesla Loses EV Crown to China’s BYD as Competition, Tax Credit Expiry Hit Demand

Admin
New-Project114

Tesla has ceded its position as the world’s largest electric vehicle maker to China’s BYD after global deliveries fell for a second consecutive year, as intensifying competition, the expiry of US tax incentives and brand-related challenges weighed on demand. While global EV sales rose 28 per cent last year, BYD overtook Tesla on an annual basis for the first time, driven largely by rapid growth in Europe and expanding overseas sales. The development has raised questions over Tesla’s ability to stabilise its core auto business even as it pivots toward…

Read More

Petroleum Product Sales Drop 5pc in December on Weaker HSD Demand

Admin
Petrol-Diesel

KARACHI: Sales of petroleum products declined by 5.0 per cent in December 2025 compared with November, mainly due to weaker demand for high-speed diesel (HSD) amid a prolonged nationwide strike by goods transporters and subdued overall consumption. Industry sources said total petroleum product sales stood at 1.35 million tonnes in December, showing a 6.0 per cent increase year-on-year (YoY) but a 5.0 per cent decline month-on-month (MoM). The YoY growth was attributed to signs of economic recovery, easing inflation and improved control of fuel smuggling, while the MoM drop was…

Read More

K-Electric Demonstrates Steady Operational and Digital Progress in 2025

Admin
K-Electric

KARACHI: Amid a gradual return of economic stability in Pakistan, K-Electric (KE), the country’s only vertically integrated power utility, recorded steady progress across generation, transmission, distribution and supply during 2025, while continuing investments in digitisation and customer engagement. KE Chief Executive Officer Moonis Alvi said the utility remained committed to customer satisfaction and reliable service delivery for Karachi. “The revised MYT has presented new challenges, but we will balance the best of what we have to offer to both the city and the company,” he said. During peak summer in…

Read More

Pakistan, Azerbaijan Near $2bn Investment Framework Agreement

Admin
New-Project113

ISLAMABAD: Pakistan and Azerbaijan have moved closer to unlocking $2 billion in Azerbaijani investment as Deputy Prime Minister and Foreign Minister Ishaq Dar held talks on Friday with Azerbaijan’s Minister of Economy, Mikayil Jabbarov, to fast-track a framework for financing key sectors of Pakistan’s economy. According to Pakistan’s Foreign Office, the two sides agreed during a telephone conversation to finalize a mechanism that would enable Azerbaijani capital to flow into identified priority areas. The proposed investment is being viewed as a significant boost for Pakistan’s efforts to attract foreign inflows…

Read More