Author: Admin

PM Welcomes Australian Interest in Reko Diq, Mining Sector

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Reko-Diq

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday welcomed Australia’s growing interest in Pakistan’s mining sector, describing the Reko Diq project as a landmark opportunity for mutually beneficial economic cooperation. During a meeting with Australia’s newly appointed High Commissioner to Pakistan, Tim Kane, the prime minister said Pakistan was fully prepared to harness the vast potential of its mining and minerals industry to deepen bilateral ties. He noted that Reko Diq reflected the scale of opportunities available for Australian investors and expertise. PM Sharif also highlighted prospects for collaboration in agriculture,…

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Strategic PPL-Turkish Petroleum Partnership Catalyzes Record-Breaking Performance for Pakistan Petroleum Limited on PSXFor Immediate Release

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KARACHI, December 18, 2025 — Pakistan Petroleum Limited (PPL) has achieved a landmark valuation on the Pakistan Stock Exchange (PSX), following the successful completion of a strategic offshore exploration agreement with Turkish Petroleum Overseas Company (TPOC). The partnership, focused on the Eastern Offshore Indus Block C, has revitalized investor confidence and established PPL as a dominant leader in the energy sector’s growth during the first week of December. The transaction involved PPL transferring operatorship and a 25 percent interest to TPOC, while maintaining a significant 35 percent stake in the…

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Pakistan’s Hydel Power Generation Hits Record High in November

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Hydropower-Plan

Pakistan’s power sector achieved a historic milestone in November as hydropower generation surged to 3,153 GWh, marking a 10.2 per cent year-on-year increase and the highest-ever hydel output recorded for the month. The sharp rise in low-cost hydropower significantly reduced overall fuel costs, prompting power distribution companies to seek a negative fuel cost adjustment (FCA) of Rs0.72 per unit for consumers. Total electricity generation during November stood at 8,050 GWh, marginally higher than 8,032 GWh recorded in the same month last year. However, generation declined 19 per cent compared to…

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Aptma Seeks Two-Month Waiver of Off-the-Grid Levy for Captive Power Plants

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ISLAMABAD: Amid a worsening power crisis and a prolonged transport shutdown, the export-oriented industry has sought urgent government intervention, calling for relief measures to prevent further production losses and export setbacks. In a letter dated December 17, 2025, the All Pakistan Textile Mills Association (Aptma) appealed to Minister for Petroleum and Natural Resources Ali Pervaiz Malik to grant a two-month waiver of the off-the-grid levy on gas-based captive power plants for December and January. Aptma cited severe power supply disruptions caused by dense fog and system constraints, which have resulted…

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GROWATT Hosts Landmark “Together We Shine” Convergence in Islamabad

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New-Project97

ISLAMABAD: GROWATT energised Pakistan’s renewable energy sector by hosting its landmark convergence, “Together We Shine, Lighting Up Pakistan,” on December 9, 2025, at the Best Western Hotel, Islamabad. The event marked a historic milestone for the country’s solar industry, drawing more than 300 distinguished participants—the highest-ever attendance for a gathering of its kind in Pakistan’s solar market. The convergence brought together industry leaders, policymakers and key stakeholders to celebrate collective achievements and outline an ambitious roadmap for a sustainable energy future. Prominent speakers included Mr Hasnat Khan, Senior Vice President…

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