Author: Admin

Federal Minister for Power Sardar Awais Ahmed Khan Leghari informed that there is a significant and gradual increase in electricity consumption in Pakistan, which is an indicator of the success of the Government’s policies. The Minister was talking to the World Bank Country Director Ms. Bolormaa Amgaabazar, who met him here today. The Minister said that the Government is aiming to make electricity tariffs competitive enough so that the country’s main economic drivers can benefit from it. He apprised the World Bank Country Director that the Power Division, after assessing…

ISLAMABAD: In a move to address the ongoing energy crisis, the Pakistan Digital Authority has developed a dedicated application to provide petrol subsidies to eligible low-income citizens. The app has successfully undergone separate testing at both user and retailer levels. According to sources, security and data verification tests were conducted to ensure reliability. Retailer-side testing focused on transaction processing and quota verification, while user-side testing checked registration and eligibility mechanisms. Load testing was also performed to assess app performance with thousands of simultaneous users. Integration of user data is currently…

ISLAMABAD: China has urged Pakistan to expedite the payment of $220 million in outstanding dues owed to United Energy Pakistan (UEP), highlighting growing concerns over investor confidence in the energy sector. Officials in the Petroleum Division said Pakistan’s ambassador in Beijing sent an urgent communication emphasizing that the dues relate to gas supplied by UEP to Sui Southern Gas Company, which currently receives 260–270 MMcfd of gas. Due to liquidity constraints, UEP has reportedly begun laying off staff. The Special Investment Facilitation Council has also called for immediate resolution, warning…

OSLO: The International Energy Agency has warned that escalating oil supply disruptions from the Middle East are set to intensify in April, with significant economic repercussions expected in Europe. IEA Executive Director Fatih Birol said the closure and disruption of the Strait of Hormuz has already curtailed supplies, with more than 12 million barrels of oil lost since the onset of the US-Israel conflict with Iran. Speaking in a podcast with Nicolai Tangen, head of Norway’s sovereign wealth fund, Birol warned that oil losses in April could be twice as…