Author: Admin

Oil Industry Seeks Viable Cost-Recovery Mechanism for Digitalising Fuel Retail Network

Admin
OGRA

KARACHI: Pakistan’s oil industry has urged the Oil and Gas Regulatory Authority (Ogra) to finalise a practical and financially sustainable cost-recovery plan for nationwide fuel retail digitalisation, warning that the sector cannot proceed without a clear cost-sharing framework due to the substantial investment required. In a letter addressed to the Ogra chairperson on Tuesday, the Oil Companies Advisory Council (OCAC) said the industry fully supports the government’s digitalisation initiative—including the installation of auto tank gauging (ATG) systems at fuel stations—but stressed that implementation is impossible without a viable mechanism to…

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Chinese Firm Explores EV Assembly Investment in Pakistan’s SEZs Under CPEC

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CPEC-likely

ISLAMABAD: A Chinese enterprise is considering setting up electric vehicle (EV) assembly operations in Pakistan’s Special Economic Zones (SEZs) under the China–Pakistan Economic Corridor (CPEC). The move follows detailed discussions held on Tuesday between a high-level delegation from Tianjin Chuanhui Group and the Board of Investment (BOI). The three-member delegation visited the BOI’s Project Management Unit for CPEC (BOI-PMU) as part of follow-up engagements after signing an MoU at the Prime Minister-led Pakistan–China B2B Investment Conference in Beijing in September. BOI and relevant ministries also held an orientation meeting to…

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LUMS to Host Asia Energy Transition Summit 2025 in Lahore

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New-Project55

ISLAMABAD: The LUMS Energy Institute (LEI), in partnership with the Alliance for Climate Justice and Clean Energy (ACJCE) and the Pakistan Renewable Energy Coalition (PREC), will host the second edition of the Asia Energy Transition Summit on December 6–7, 2025, at the Lahore University of Management Sciences (LUMS). The two-day event will convene policymakers, climate and energy experts, academics, and civil society leaders from across Asia to exchange insights on emerging ideas, challenges, and financing models shaping the region’s clean energy transition. This year’s summit will focus on innovative financing…

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Punjab Prioritises Modern, Low-Emission Power Systems as Minister Visits 1,263MW PTPL Plant

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New-Project54

LAHORE: Punjab Energy Minister Faisal Ayub Khokhar on Tuesday reaffirmed the provincial government’s commitment to modern, low-emission and energy-efficient power generation, underscoring that clean and reliable energy remains central to Punjab’s economic growth. During his visit to the 1,263MW Punjab Thermal Power Plant Limited (PTPL) in Jhang, the minister instructed the plant’s management to implement a comprehensive strategy aimed at improving operational efficiency, reducing costs and enhancing long-term sustainability. Energy Secretary Farrukh Naveed and PTPL CEO Salman Zakaria briefed the minister on the plant’s performance, financing structure and future roadmap.…

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PPL Finalises Offshore Indus Block C Agreement, Strengthening Pakistan–Türkiye Energy Partnership

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PPL-logo

Pakistan Petroleum Limited (PPL) has formally concluded the Assignment Agreement for the Eastern Offshore Indus Block C, marking a significant step forward in expanding energy cooperation between Pakistan and Türkiye. The milestone was announced through a filing to the Pakistan Stock Exchange (PSX) on Wednesday. According to the notice, PPL has transferred a 25% Participating Interest (PI) and operatorship to Turkish Petroleum Overseas Company (TPOC), a subsidiary of Türkiye’s national oil company TPAO. Additionally, OGDCL and MariEnergies have each secured a 20% PI in the block. PPL will retain the…

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