Author: Admin

PM Shehbaz Orders Fast-Track Power Sector Reforms, Discos Privatisation

Admin
New-Project90

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday directed concerned authorities to accelerate wide-ranging power sector reforms, with a special focus on the privatisation of power distribution companies (Discos) and generation companies (Gencos), terming it a key step towards resolving Pakistan’s energy challenges. Chairing a high-level meeting, the prime minister underscored that privatisation and the creation of a competitive electricity market offered a sustainable, long-term solution to inefficiencies in the power sector. He was informed that expressions of interest (EoIs) for the privatisation of Islamabad Electric Supply Company (IESCO), Faisalabad Electric…

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Diesel price slashed by Rs14 as petrol price remains unchanged

Admin
Petrol-Diesel

The government on Monday decreased the high-speed diesel (HSD) price by Rs14 and kept the petrol price unchanged for the fortnight ending December 31, owing to favourable international market prices. In a late-night announcement, the Petroleum Division said the revision followed movements in international markets and recommendations from the Oil and Gas Regulatory Authority (Ogra). According to the announcement, the ex-depot price of HSD has been reduced by Rs14 per litre (5pc) to Rs265.65 per litre for the current fortnight from Rs279.65 per litre. Most of the transport sector runs on HSD.…

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OGRA Cuts Average Gas Prices for FY 2025-26 After Reviewing Revenue Needs of SNGPL, SSGCL

Admin
OGRA

Islamabad: The Oil and Gas Regulatory Authority (OGRA), in exercise of its powers under Section 8(2) of the OGRA Ordinance, 2002, has approved the Review of Estimated Revenue Requirement (RERR) of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) for FY 2025-26 through its decision dated November 24, 2025. OGRA undertook a detailed assessment of the revenue requirements of both utilities and rationalised their demands by optimising costs and revenues. The benefit of deferred LNG cargoes of Pakistan LNG Limited was also passed on to…

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FPCCI Announces ECO-CCI General Assembly on the Sidelines of the 2nd Sustainable Tourism ForumAtif Ikram Sheikh, President FPCCI

Admin
New-Project89

Karachi: Mr. Atif Ikram Sheikh, President FPCCI; President ECO-CCI and VP CACCI, has apprised that The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has announced that it will host the 30th Executive Committee Meeting and the 20th General Assembly Meeting of the ECO Chamber of Commerce & Industry (ECO-CCI) on 22 January 2026 at the FPCCI Head Office in Karachi on the sidelines of 2nd Sustainable Tourism Forum (STF) to be jointly organized by FPCCI and Islamic Chamber of Commerce, Industry and Development (ICCD) during January 21-22. Mr.…

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Smart meter prices have been reduced by 40 percent, resulting in nationwide savings of Rs. 150 billion, Awais Leghari

Admin
New-Project88

Islamabad: December 15, 2025: Due to consistent efforts and timely actions by the Power Division to promote transparency and competition, the prices of smart meters for power distribution companies have been reduced by up to 40 percent. This reduction will result in estimated annual savings of Rs. 150 billion at the national level, said Federal Minister for Power Sardar Awais Ahmed Khan Leghari. The Federal Minister made these remarks today after a report on smart meters was presented. He stated that the adoption of transparent and internationally competitive procurement processes…

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