The federal government has revived efforts to de-regulate kerosene and light diesel oil prices. The Petroleum Division has suggested keeping… Read More
Islamabad Issues Loadshedding Schedule
The Islamabad Electric Supply Company (IESCO) has announced a planned load-shedding schedule for Wednesday, January 17, 2024. According to IESCO,… Read More
Finance Ministry to Release Rs. 30 Billion to PSO This Week
The Finance Ministry has decided to release Rs. 30 billion to the Pakistan State Oil (PSO) this week, well-informed sources… Read More
Transition to a Greener & Sustainable Future: Here’s How K-Electric Leads the Way
In a strategic move to foster competition and embrace sustainability, K-Electric (KE) applied for a non-exclusive distribution and supply license… Read More
Power Generation Falls As Fuel Costs Rise by 46% in December 2023
Power generation in the country went down by 9 percent YoY to 7,626 gigawatts per hour (GWh) in December 2023,… Read More
Power Sector Reforms in Full Swing to Impress IMF
The Power Division has issued guidelines for the recruitment of professionals at government-run Electricity Distribution Companies (DISCOs) in tandem with… Read More
Pakistan’s Circular Debt Smashes All Records to Cross Rs. 5.7 Trillion
The power sector circular debt has broken all records to cross Rs. 5.7 trillion as of the end of November… Read More
KAPCO Submits Bid to Acquire Majority Stake in Tenaga Generasi Ltd
Kot Addu Power Company Limited (PSX: KAPCO) has placed a bid to acquire an equity stake in Tenaga Generasi Limited,… Read More
Taj Gasoline Withdraws Bid to Buy 41% Shares of Hascol
Taj Gasoline (Private) Limited has decided not to proceed with the acquisition of Hascol Petroleum Limited (PSX: HASCOL), manager to… Read More
Petroleum Ministry Asks OGRA to Develop Consensus on PSO Importing Diesel For All OMCs
The Ministry of Petroleum has asked the Oil and Gas Regulatory Authority (OGRA) to develop a consensus for the import… Read More
Nestlé Pakistan Powers Up Green Energy Drive with 2.6 MW Solar Plant in Sheikhupura
Nestlé reaffirms its commitment to Pakistan’s vision for renewable energy by inaugurating a 2.6 MW solar power plant at its… Read More
PSO Gets Govt Approval to Import Diesel On Behalf of All Petroleum Companies
Pakistan State Oil (PSO) has been granted the right to exclusively import high-speed diesel (HSD) to meet domestic demand. The… Read More
