ISLAMABAD: Minister for Petroleum Ali Pervaiz Malik announced on Thursday that the government is working to streamline conditions for companies operating the Reko Diq and Saindak mining projects, enabling them to function more effectively in remote and infrastructure-deficient regions. Speaking at a Pakistan Business Forum (PBF) session titled “Unlocking Pakistan’s Untapped Mining Resources for National Wealth,” the minister said a key challenge is that mineral resources fall under provincial jurisdiction. This has resulted in multiple and often conflicting sets of laws, rules, and licensing frameworks that investors must navigate across…
Read MoreAuthor: Admin
Furnace Oil Power Costs Soar to Rs33/Unit as Nepra Probes Underutilised LNG Plants
ISLAMABAD: The government informed the National Electric Power Regulatory Authority (Nepra) on Thursday that it operated furnace oil-based power plants at a fuel cost of Rs33 per unit in October — significantly higher than the Rs21 per unit cost of available but underutilised LNG-based plants — due to “lower LNG allocation.” At a public hearing, the Power Division team led by Central Power Purchasing Agency (CPPA) CEO Rehan Akhtar confirmed that over 40 million units were generated on furnace oil to cover a shortfall triggered by the forced outage of…
Read MorePakistan actively promoting clean, green energy: Awais Leghari
ISLAMABAD, Nov 27 (APP):Federal Minister for Energy Awais Ahmad Khan Leghari has said that Pakistan was actively promoting clean and green energy, with major initiatives under way to expand renewable energy across the country. He expressed these views during the panel discussion at Pakistan Business Council’s 2025 Dialogue on the Economy, held at a local hotel here on Thursday. The federal minister said that Pakistan’s energy sector offers vast opportunities and that, for the first time, comprehensive long-term planning has been undertaken to guide future reforms. He noted that efforts…
Read MoreGovt to Replace All Conventional Power Meters with AMI Smart Meters by December 2026, NA Panel Told
ISLAMABAD: The government will replace all conventional electricity meters with Advanced Metering Infrastructure (AMI) smart meters by December 2026 to curb power theft and improve real-time monitoring of the distribution network, the National Assembly Standing Committee on Privatisation was informed on Wednesday. Briefing the committee, chaired by Farooq Sattar, Additional Secretary Power Division Syed Imtiaz Hussain Shah said that 1.5 million AMI meters have already been installed—one million in Islamabad and 500,000 across other regions. He noted that AMI meters, combined with the Asset Performance Management System (APMS), have helped…
Read MoreCPEC Power Projects Struggle as Unpaid Dues Surge to Rs 450bn
ISLAMABAD: The financial challenges confronting power projects under the China-Pakistan Economic Corridor (CPEC) have resurfaced, with their outstanding receivables once again soaring to Rs 450 billion. This comes despite the government’s payment of Rs 100 billion ahead of Prime Minister Shehbaz Sharif’s recent visit to China, sources in the Private Power & Infrastructure Board (PPIB) told Business Recorder. The mounting dues have frustrated Chinese power companies as well as other foreign investors. According to sources, the investment firm of Qatar’s former prime minister — which poured over $1 billion into…
Read More