Author: Admin

K-Electric Demonstrates Steady Operational and Digital Progress in 2025

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K-Electric

KARACHI: Amid a gradual return of economic stability in Pakistan, K-Electric (KE), the country’s only vertically integrated power utility, recorded steady progress across generation, transmission, distribution and supply during 2025, while continuing investments in digitisation and customer engagement. KE Chief Executive Officer Moonis Alvi said the utility remained committed to customer satisfaction and reliable service delivery for Karachi. “The revised MYT has presented new challenges, but we will balance the best of what we have to offer to both the city and the company,” he said. During peak summer in…

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Pakistan, Azerbaijan Near $2bn Investment Framework Agreement

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New-Project113

ISLAMABAD: Pakistan and Azerbaijan have moved closer to unlocking $2 billion in Azerbaijani investment as Deputy Prime Minister and Foreign Minister Ishaq Dar held talks on Friday with Azerbaijan’s Minister of Economy, Mikayil Jabbarov, to fast-track a framework for financing key sectors of Pakistan’s economy. According to Pakistan’s Foreign Office, the two sides agreed during a telephone conversation to finalize a mechanism that would enable Azerbaijani capital to flow into identified priority areas. The proposed investment is being viewed as a significant boost for Pakistan’s efforts to attract foreign inflows…

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Govt Extends Captive Power Gas Levy to Third-Party Suppliers

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Gas-Prices

ISLAMABAD: The federal government has approved the extension of the monthly levy rate applicable to captive power consumers of Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL) to consumers of third-party companies supplying gas to captive power plants. Sources said the decision was taken to ensure uniform application of the Off the Grid (Captive Power Plants) Levy Act, 2025, which was enacted and notified on June 10, 2025. The Act provides for the imposition and collection of a levy on natural gas or RLNG consumed…

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Pakistan to Showcase ‘Mineral Marvel’ at Future Minerals Forum in Riyadh

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Ali-Pervaiz

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik on Friday held discussions with Saudi Arabia’s Ambassador to Pakistan, Nawaf bin Saeed Ahmad Al-Malkiy, on strengthening cooperation in the minerals and energy sectors, with a particular focus on Pakistan’s participation in the upcoming Future Minerals Forum in Riyadh. According to an official statement, the minister informed the ambassador that Pakistan would actively participate in the forum later this month following an invitation from the Saudi government. He said a dedicated pavilion titled “Pakistan – The Mineral Marvel” would be set up…

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Attock Refinery Temporarily Shuts Main Crude Unit Amid Inventory Buildup

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Attock Refinery delays

KARACHI: Attock Refinery Limited (ARL) has announced a temporary shutdown of its main crude distillation unit for a period of three to four days, starting January 4, 2026. In a notice submitted to the Pakistan Stock Exchange (PSX) on Friday, the company cited elevated finished product inventories and reduced upliftment by oil marketing companies (OMCs) as the primary reasons for the decision. The shutdown will impact ARL’s HBL-1 crude distillation unit, which has a processing capacity of 32,400 barrels per stream day. The disclosure was made in compliance with Clause…

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