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Category: Highlights

Ministry establishes high-powered unit with intelligence officers to combat power theft in SEPCO

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power-sector

SLAMABAD: In a significant move to strengthen efforts against power theft, the Ministry of Energy (Power Division) has officially established a Distribution Company (DISCO) Support Unit (DSU) in the Sukkur Electric Power Company (SEPCO) to combat power theft. According to a notification from the Ministry of Energy, the DISCO Support Unit includes representatives from the Inter-Services Intelligence (ISI), Military Intelligence…

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Scrapping a coal power avenue

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With energy minister Awais Khan Leghari listing the planned 300MW Gwadar coal power plant amongst projects considered unaffordable for the consumers and hinting at scrapping it — along with several other proposed generation schemes of 10,000MW — the future of the long-stalled project appears more uncertain than ever. The ‘warning’ comes at a time when the imported coal-based plant’s Chinese…

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MoU Signed to Form Joint Business Council Bangladesh – Pakistan Business Forum Held in Dhaka

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MOU

Karachi: Atif Ikram Sheikh, President FPCCI, has apprised that the Pakistani trade delegation, led by FPCCI, participated in Bangladesh – Pakistan Business Forum in Dhaka; which was organized by the Federation of Bangladesh Chambers of Commerce & Industries (FBCCI), on Monday. A Memorandum of Understanding (MoU) was also signed between FPCCI and FBCCI in the meeting to form Pakistan –…

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“KSTAR Powers Pakistan’s Renewable Future with Innovative Energy Solutions and Strategic Partnerships”

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On January 8, 2025, KSTAR kicked off its 2025 Tour in Lahore, Pakistan, marking a significant milestone in the country’s renewable energy journey. Against the backdrop of rising electricity prices, frequent power outages, and Pakistan’s ambitious target of generating 60% of its energy from renewables by 2030, KSTAR reaffirmed its commitment to driving Pakistan’s energy transition. The event spotlighted KSTAR’s…

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Rights Activists say Malir Expressway seriously threatens Karachi’s environmental safety

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New-Project

Karachi: In a bold move that has sparked an outcry among rights activists and environmentalists, the Sindh Government has inaugurated the partially constructed Malir Expressway, igniting fears of severe ecological damage and community displacement.Prominent figures in climate advocacy—including Hafeez Baloch from the Sindh Indigenous Rights Alliance, Yasir Hussain, Director of the Climate Action Center, and Advocate Abeera Ashfaq—have voiced their…

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Ahmed Hayat Lak Reappointed as MD & CEO of OGDCL for 3 Term

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Ahmed-Hayat

The Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) firm, has reappointed Ahmed Hayat Lak as Managing Director and Chief Executive Officer (MD & CEO) for a three-year term. The announcement was shared via a notice to the Pakistan Stock Exchange (PSX) on Thursday. “This is to inform that the Board of Directors of the…

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Pakistani Minister Engages Korean Investors Amid Project Challenges

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Pak-Koria

ISLAMABAD: Korean investors have raised concerns with Pakistani Commerce Minister Jam Kamal Khan regarding delays and issues affecting development projects in Pakistan during his visit to South Korea. Executive Director UM Sung-Yong of the EDC Operation Group at Korea Eximbank outlined the status of ongoing projects, detailing processes of approval, scrutiny, and execution. He acknowledged the efficient handling of projects…

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China becomes 2nd-largest EV battery power with 30-million-ton lithium

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EV battery power

China has significantly increased its lithium reserves, positioning itself as the world’s second-largest holder of the critical metal for electric vehicle (EV) batteries and renewable energy technology. According to state news agency Xinhua, China’s global lithium share has risen from 6% to 16.5%, surpassing countries like Australia, Argentina, and Bolivia. The only nation ahead of China in lithium reserves is…

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Saudi crude oil supply to China set to fall in Feb vs Jan, sources say

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SINGAPORE: Saudi Arabia’s crude oil supply to China is set to decline in February from the prior month, trade sources said on Thursday, after the kingdom hiked its official selling prices to Asia for the first time in three months. State oil firm Saudi Aramco will ship about 43.5 million barrels in February to China, a tally of allocations to…

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Captive power plants: No significant progress made in talks with IMF: official

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Power-Plants

ISLAMABAD: Dr Fakhre Alam Irfan, Secretary of the Power Division, has revealed that no significant progress has been made in talks with the International Monetary Fund (IMF) regarding an extension for the closure of Captive Power Plants (CPPs), pledged to be disconnected by January 31, 2025. In response to questions about the proposed disconnection of CPPs from the natural gas…

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