Author: Admin

SIFC Flags Brownfield Refinery Upgrades as Top Priority

Admin
Refinery-Upgrades

KARACHI: The Special Investment Facilitation Council (SIFC) has placed brownfield refinery upgradation at the top of its agenda to modernise Pakistan’s existing refining infrastructure, assuring refinery management of full support in removing bottlenecks hampering these projects. SIFC officials conveyed the message during a meeting with refinery executives to review the implementation status of ongoing brownfield upgradation projects and associated issues. The council also directed the Petroleum Division to hold a dedicated meeting with refineries on refining policy and upgradation matters on Thursday (today). The meeting will be attended by senior…

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National Integrated Energy Plan Heads to CCOE for Approval

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Power project

ISLAMABAD: Pakistan’s first-ever National Integrated Energy Plan (IEP) has been finalised by the Power Division and is set to be reviewed and approved by the Cabinet Committee on Energy (CCOE) on Thursday, with Prime Minister Shehbaz Sharif chairing the meeting. The IEP aims to introduce coordinated, evidence-based planning across the power, petroleum and water sectors, addressing long-standing issues of fragmented policymaking, siloed planning and inefficient resource utilisation. The plan was developed on the directives of the Prime Minister’s Office and in line with the National Electricity Policy 2021, approved by…

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Pakistan Accuses India of Reviving ‘Water War’ Through Chenab Flow Manipulation

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New-Project94

ISLAMABAD: Pakistan has raised serious alarm over what it terms a renewed “water war” by India after abrupt and extreme fluctuations in the Chenab River’s flow during the winter season. Officials said India suddenly released around 58,000 cusecs of water at Head Marala during the night of December 7–8, 2025, before drastically cutting flows to just 870–1,000 cusecs from December 13 to 17. This was far below the historical average of 4,000–10,000 cusecs for the period. Pakistan maintains that the emptying and refilling of the Baglihar Hydropower Project reservoir violates…

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NEPRA switches on power relief: Rs 22.98 per unit tariff to spark industrial revival for three years

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Nepra-KE-1

In a major boost for Pakistan’s struggling industrial and agricultural sectors, the National Electric Power Regulatory Authority (NEPRA) has approved a discounted incremental electricity consumption package, offering power at marginal cost to stimulate production and economic activity.The Karachi Chamber of Commerce & Industry (KCCI), in a notice to its members, confirmed that the Islamabad-based Power Division has been authorised to implement the incentive-based tariff for industrial and private agricultural consumers across all ex-WAPDA distribution companies as well as K-Electric.Under the scheme, a reduced electricity rate of Rs 22.98 per unit…

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PSO Seeks Zero-Rating of Petroleum Products to Curb Sales Tax Refund Backlog

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PSO-Head

ISLAMABAD: State-owned Pakistan State Oil (PSO) has urged the government to introduce zero-rating on jet fuel and petroleum products to prevent the accumulation of sales tax refunds, as delays by the Federal Board of Revenue (FBR) have severely strained the company’s liquidity. PSO is currently awaiting the release of Rs54 billion in sales tax refunds accumulated during the financial year 2024-25. The prolonged withholding of these refunds has choked the company’s cash flow, forcing it to seek government intervention to maintain smooth fuel supply operations nationwide. In a letter to…

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