Author: Admin

Nepra Warns Circular Debt Will Persist Without Major ReformsPower tariffs to rise by Rs2.30 per unit; govt proposes Rs11 per unit cut for industrial, agricultural users on incremental consumption

Admin

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has warned that Pakistan’s chronic circular debt crisis will continue to worsen unless systemic inefficiencies are reduced and recoveries significantly improve. The warning came on Thursday during a public hearing where the regulator reviewed the government’s request to recover an additional Rs8.4 billion from consumers over the next three months — December to February 2026 — through a Quarterly Tariff Adjustment (QTA) for the first quarter of the current fiscal year (July–September). The adjustment would add about 50 paisa per unit to…

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Digital Finance to Accelerate Green Transition

Admin
Asian-bank

Highlighting new initiatives, Mr Aurangzeb announced the establishment of the Virtual Asset Regulatory Authority (VARA) through an ordinance to oversee crypto and digital assets, alongside the creation of the Pakistan Crypto Council to guide responsible ecosystem development. Formal legislation would follow soon, he said, viewing digital finance as a key catalyst for climate-linked investment. He cited several major financing commitments, including a $1.3 billion climate financing arrangement with the IMF, a $500 million pledge from the Asian Development Bank (ADB), and the World Bank’s 10-year Country Partnership Framework, expected to…

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Finance Minister Warns of Climate Threats, Calls for Urgent Mobilisation of Green Finance

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Muhammad-Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb has issued a stark warning about Pakistan’s economic and environmental future, urging immediate mobilisation of climate finance to counter what he termed as “existential threats to national survival” posed by climate change and rapid population growth. Speaking at a high-level plenary session titled “Mobilising Finance for a Circular, Climate-Resilient South Asia” — held on the third day of the Sustainable Development Conference organised by the Sustainable Development Policy Institute (SDPI) — Mr Aurangzeb stressed the need for swift adaptation of Pakistan’s fiscal and regulatory systems…

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PPL commences Early Production from Dhok Sultan – 3; aims to ramp up production up to 1,400 bbl/d oil, 2.5 MMscfd gas and 15 tonnes/d LPG

Admin
New-Project99

We are proud to announce that Pakistan Petroleum Limited (PPL) has commenced oil production from its operated and recently-discovered exploratory well Dhok Sultan-3, Dhok Sultan Block, since November 1, 2025 under appraisal/ Extended Well Testing. The oil is processed through the company’s operated Dhok Sultan Oil Handling Facility whereas the gas is transported at Meyal Gas Processing Facility. The oil is sold to Attock Refinery Limited and gas to Sui Northern Gas Pipelines Limited. This arrangement has provided the potential to ramp up production up to 1,400 bbl/d oil, 2.5…

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