The Board of Directors of Pakistan Refinery Limited (PSX: PRL) has approved the acquisition of a loan facility amounting to… Read More
OCAC Urges Govt to Discuss With Private Refineries on How to Deregulate Petrol, Diesel Prices
The oil sector in Pakistan has urged the government to include private refineries and oil marketing companies (OMCs) in deregulating… Read More
PPL Subsidiary Agrees $6 Million Deal With Iraqi Oil Company for Exploratory Well
A subsidiary of Pakistan Petroleum Limited (PSX: PPL) has received $6 million from Iraq’s Midland Oil Company in relation to… Read More
NEPRA Issues Generation Licenses to 8 Power Companies Despite Surplus Capacity
Despite suffering from surplus power generation capacity, the National Electric Power Regulatory Authority (NEPRA) issued generation licenses to eight companies… Read More
Govt to Spend Rs. 1.12 Trillion in Constructing New Chashma Nuclear Plant
The Pakistan Atomic Energy Commission (PAEC) will build the 1,200 MW Chashma Nuclear Power Plant-5 (C-5) at a cost of… Read More
Petroleum Sales Rise 3% in December 2024
Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.28 million tons in December 2024. This represents a 3 percent YoY… Read More
Gas Prices for Captive Power Plants Likely to Spike Over Rs. 4,000 per MMBtu
The federal government is preparing to increase gas prices for captive power plants by up to Rs. 1,100 per MMBtu,… Read More
Siemens Pakistan to Sell Its Energy Business for Rs. 17.8 Billion
Siemens (Pakistan) Engineering (PSX: SIEM) has approved the sale and transfer of its Energy Business Segment on a going concern… Read More
Electricity Tariff to Increase in January 2025 Despite Low Fuel Costs
Electricity tariffs for January 2025 will rise by Rs. 0.51 per unit compared to December 2024. This comes as the… Read More
Privatization of 3 Electricity Companies to Be Finalized by End of Fiscal Year
The federal government has tasked a Financial Advisor (FA) with expediting the privatization transaction of three major power distribution companies… Read More
Govt Likely to Give Fuel Price Surprise to Public on New Year’s Day
The price of MS petrol is expected to remain unchanged this week due to low demand worldwide and stable import… Read More
Govt Saves Rs. 1 Trillion By Renegotiating IPP Contracts
The government has achieved Rs. 1 trillion in savings through renegotiated agreements with Independent Power Producers (IPPs), Power Minister Awais… Read More
