Aftab Maken ISLAMABAD: Pakistan raises petrol and diesel prices for 15 days from March 1, citing OGRA recommendation amid global oil volatility. The government of Pakistan increased petrol and diesel prices from March 1, raising petrol by Rs8 per litre to Rs266.17, according to a notification issued by the Petroleum …
Read More »
Government secures $31m investment and Rs276m for social welfare under new exploration licences signed in Islamabad Aftab Maken ISLAMABAD: Pakistan on Wednesday awarded 11 onshore oil and gas exploration blocks, securing minimum investment commitments of $31 million, or about Rs8.66 billion, alongside Rs276 million pledged for social welfare projects in …
Read More »
Aftab Maken ISLAMABAD: Pakistan’s power distribution companies lost over Rs1 trillion in FY25 due to high transmission losses and weak bill recovery, deepening circular debt and undermining service quality. Pakistan’s power distribution system bled more than Rs1 trillion in 2024-25 as high transmission and distribution losses and unpaid bills eroded …
Read More »
Aftab Maken ISLAMABAD: Pakistan’s gas sector circular debt has surged to Rs 3,283 billion, piling pressure on public finances as Sui Northern and Sui Southern report combined annual losses of Rs 60 billion from theft and leakages. The disclosure came during a meeting of the National Assembly of Pakistan Standing …
Read More »
Aftab Maken ISLAMABAD: In a move aimed at calming market jitters and addressing mounting public concern, the National Electric Power Regulatory Authority (NEPRA) has issued a draft amendment to its Prosumer Regulations 2026, making it clear that existing solar net metering consumers will face no changes to their current arrangements. …
Read More »
Aftab Maken ISLAMABAD: Consumers in Pakistan are bracing for yet another increase in fuel prices starting February 16, 2026, as industry sources and preliminary calculations point to upward adjustments in petroleum product rates. This comes amid ongoing pressures from global oil prices, exchange rate fluctuations, and domestic fiscal considerations. According …
Read More »
Aftab Maken ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has officially notified the Net Metering Regulations 2026, replacing the long-standing net metering regime with a new net billing mechanism. This major policy shift ends the popular “unit-for-unit” exchange system for solar and other renewable energy prosumers, marking a significant …
Read More »
— Warn of blow to clean energy drive Aftab Maken ISLAMABAD: Pakistan’s energy regulator and the Power Division faced sharp criticism as a broad spectrum of stakeholders accused them of sabotaging the country’s fast-growing solar revolution and pushing the power sector toward a more expensive and unreliable future. The backlash …
Read More »
Aftab Maken ISLAMABAD: Pakistan and China deepened their strategic partnership in the minerals sector today with the successful convening of the Pak–China Mineral Cooperation Forum at the Jinnah Convention Centre in Islamabad. The event, organized by the China Chamber of Commerce in Pakistan (CCCPK), drew over 800 participants, including representatives …
Read More »
Aftab Maken ISLAMABAD: Pakistan’s power sector circular debt rose by Rs75 billion in the first half of FY26 (July-December 2025), reaching Rs1.689 trillion—a 4.65% increase despite government capital injections of Rs780 billion and Rs1.225 trillion in commercial borrowing at lower rates during FY25. At the end of June 2025, the …
Read More »
BeNewz
