The National Assembly on Sunday approved six demands for grants related to the energy and power sectors for the next financial year worth Rs 661,265,815,000 (Rs 661.27 billion approx.), while rejecting 116 cut motions moved by opposition lawmakers. The demands for grants were presented in the House by Minister for Finance and Revenue Senator Muhammad […]
energy sector
Government allocates Rs476 billion for green subsidies push
The federal government has allocated Rs476 billion for green subsidies in the upcoming fiscal year, aiming to support environmentally friendly initiatives across key sectors including energy, agriculture, food, industry and transport. Officials said the plan is part of a broader strategy to promote sustainable development and reduce pollution levels nationwide. According to budget documents, the […]
OGDCL discovers new oil and gas reserves in Sindh
State-owned Oil and Gas Development Company Limited (OGDCL) has announced a new oil and gas discovery in Sanghar district, Sindh, marking another addition to Pakistan’s domestic energy resources. Read More: OGDCL makes 19 oil, gas discoveries since 2023 The discovery was made at the Bobi Deep-1 exploratory well located within the Bobi and Dhamraki Mining Lease […]
Mecom Gas plans major IPO for LPG storage expansion
Mecom Gas Pvt Ltd. is considering launching an initial public offering on the Pakistan Stock Exchange to raise nearly $20 million for expanding liquefied petroleum gas storage infrastructure. The company plans to use the proceeds to develop a 3,000-ton LPG storage facility aimed at strengthening supply stability and reducing exposure to market disruptions. According to […]
Gas prices likely to rise after subsidy reform plan
Domestic gas consumers in Pakistan may soon face higher utility bills after the government decided to gradually end nearly Rs140 billion in cross-subsidies currently supporting the gas sector. Officials from the Petroleum Ministry said the subsidy system will be phased out by January 2027 as part of broader economic reforms promised to the International Monetary […]
Pakistan issues tender for two LNG cargoes
Pakistan has issued spot purchase tenders for two liquefied natural gas (LNG) cargoes for May as the country seeks to maintain fuel supplies for power generation and energy demand. According to sources in the Petroleum Division, Pakistan LNG Limited has invited bids from international suppliers for the purchase of two LNG cargoes. Read More: Pakistan engages […]
Pakistan ends loadshedding after fresh LNG supply
Pakistan has announced an end to electricity loadshedding following the arrival of fresh liquefied natural gas (LNG) supplies, bringing temporary relief to consumers after weeks of power shortages. However, officials have warned that dependence on expensive imported fuel may increase electricity generation costs in the coming weeks. Read More: ‘Load management ends as LNG supply stabilises’ Minister […]
Aurangzeb discusses energy and minerals with US Treasury officials
Pakistan’s Finance Minister Muhammad Aurangzeb held what officials described as a “productive” meeting with senior representatives of the United States Department of the Treasury in Washington, where both sides explored opportunities for cooperation in the energy and minerals sectors. Read More: Finmin meets IMF director, reaffirms commitment to reform agenda The meeting took place on […]
Ogra, PSO face criticism over weak monitoring in the petroleum sector
Authorities in Pakistan have raised serious concerns over the slow pace of digital integration and monitoring in the petroleum sector, with Oil and Gas Regulatory Authority (OGRA) and Pakistan State Oil (PSO) coming under criticism during a high-level meeting in Islamabad. Read More: Ogra, PSO come under fire for lethargic monitoring of oil stocks The cabinet committee, formed by Prime Minister […]
ECC approves revised power agreements to cut long-term costs
The Economic Coordination Committee (ECC) of the cabinet has approved revised agreements with several power producers aimed at reducing long-term financial liabilities in the country’s energy sector. The decision, taken during a meeting chaired by Finance Minister Muhammad Aurangzeb in Islamabad, is expected to generate significant savings while clearing outstanding dues to power producers. Read […]