Energy

Aftab Maken ISLAMABAD: Despite its formidable position as Pakistan’s leading exploration and production (E&P) company, Oil and Gas Development Company Limited (OGDCL) is navigating a challenging landscape marked by declining production, a substantial drop in profitability, and persistent operational hurdles. While the company touts its vast exploration acreage and strategic …

Aftab Maken ISLAMABAD:  A recent analysis of Pak-Arab Refinery Limited (PARCO), a crucial joint venture between the Governments of Pakistan and Abu Dhabi, paints a concerning picture of the company’s financial health and strategic outlook, despite its significant national asset base. The report highlights a perilous mix of liquidity strain, …

Aftab Maken ISLAMABAD: While Pakistan State Oil (PSO) has announced a seemingly robust profit after tax of Rs 11.2 billion for the first half of FY25, up from Rs 7.7 billion in the same period last year, a closer look at the company’s financial health reveals a persistent and alarming …

Aftab Maken ISLAMABAD: Federal Minister for Energy Awais Khan Leghari has said that, under the directives of the Prime Minister, significant progress has been made in improving governance and introducing reforms. Within one year, losses amounting to Rs 591 billion have been successfully reduced to Rs 399 billion. During the …

Aftab Maken ISLAMABAD: Federal Minister for Power Awais Ahmed Khan Leghari has informed the National Assembly’s Standing Committee on Power that the country is suffering electricity theft of Rs 250 billion annually. He further said that K-Electric can now draw up to 600 MW from the national grid, bringing its …

Aftab Maken ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) Tuesday held a public hearing on the Power Division’s request to implement a uniform electricity tariff across the country, including Karachi. This comes with the promising prospect of a reduction in electricity rates, driven by currency stability and declining global …

To discontinue the collection of Electricity Duty through electricity bills Aftab Maken ISLAMABAD:  The National Electric Power Regulatory Authority (NEPRA) has concluded public hearings on two key electricity tariff adjustment requests — one from K-Electric and the other from the Central Power Purchasing Agency (CPPA-G) — and reserved its decisions, …

Aftab Maken ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced an increase in fixed gas charges for domestic consumers, effective July 1, 2025. This move comes as part of a broader gas tariff revision in Pakistan 2025, aimed at adjusting cost recovery in the energy sector, said an …

Aftab Maken ISLAMABAD: The Power Division has submitted a petition with NEPRA of reducing the base electricity tariff in Pakistan for the upcoming fiscal year. According to official documents, domestic consumers could get relief of up to Rs1.16 per unit in their monthly electric bills. This potential electricity price reduction …

Aftab Maken ISLAMABAD:  Finance Minister Senator Muhammad Aurangzeb has called for focused reforms and stronger governance across State-Owned Enterprises (SOEs), as cumulative losses hit an alarming Rs 5.8 trillion and circular debt in the energy sector crosses Rs 4.9 trillion. Chairing a crucial meeting of the Cabinet Committee on State-Owned …