Economists Nadeem ul Haque and Shahid Kardar argue that Pakistan’s repeated reliance on the International Monetary Fund (IMF) is not the result of a lack of ideas, but of deep-rooted structural flaws in the country’s economic system that continue to generate balance-of-payments crises. Read More: Why Pakistan cannot depend on IMF support indefinitely In an opinion piece, the authors […]
energy sector
Power users to pay debt surcharge for up to six years
ISLAMABAD: The government on Wednesday announced that the Rs3.23 per unit debt surcharge on electricity consumers would remain in place for up to six years as part of efforts to resolve the country’s long-running circular debt crisis. Read More: Govt ‘plans’ to collect Rs 278bn debt surcharge from power consumers The surcharge’s continuation accompanied the notification of a revised […]
Pakistan govt decides against raising base electricity tariff
ISLAMABAD: The Pakistan government has decided not to increase the average basic electricity tariff, providing relief to consumers across the country. Read More: Nepra lowers national power tariff by 62 paise per unit The announcement was made by the Additional Secretary of Power during a review plea hearing at the National Electric Power Regulatory Authority (NEPRA). The […]
Petroleum Division delays action over unauthorised ownership changes
Six months after issuing show-cause notices over alleged unauthorised changes in ownership and management control, the Petroleum Division has yet to initiate enforcement action against energy companies operating in Pakistan’s strategic oil and gas sector. The case involves Spud Energy Limited and Frontier Holdings Limited, whose parent companies transferred ownership stakes without obtaining prior approval […]
Pakistan’s petroleum imports decline in early fiscal year
Pakistan’s overall petroleum imports declined by 1.63 percent during the first five months of the current fiscal year, according to data released by the Pakistan Bureau of Statistics (PBS). The figures cover the period from July to November 2025–26 and show a marginal reduction compared to the same period last year. Read More: Pakistan’s oil […]
PM Shehbaz approves major solar and power projects for GB and Gwadar
ISLAMABAD – Prime Minister (PM) Shehbaz Sharif on Monday approved key electricity projects for Gilgit-Baltistan (GB) and Gwadar, including a 100 MW solar project in GB designed to provide uninterrupted, affordable, and sustainable power supply. The decision was made while he chaired a meeting focused on power sector initiatives in both regions. Read More: PM […]
Army chief hosts Türkiye’s energy minister for key talks
Turkiye’s Minister of Energy and Natural Resources, Alparslan Bayraktar, met Pakistan’s Chief of Army Staff, Field Marshal Syed Asim Munir, on Tuesday. The meeting took place at the General Headquarters, according to ISPR. Both sides discussed strengthening bilateral cooperation, focusing on the energy sector and broader strategic collaboration. The discussion highlighted opportunities for joint projects […]
UAE pledges $50bn investment in Canada’s AI and energy
The United Arab Emirates announced plans to invest up to $50 billion in Canada, targeting artificial intelligence, energy, and mining projects. The agreement was signed during Canadian Prime Minister Mark Carney’s visit to Abu Dhabi. The UAE said the deal aims to strengthen economic and technological collaboration between the two countries. The investment framework involves […]
Saudi Aramco signs $30bn preliminary deals with US firms
DUBAI/WASHINGTON: Saudi Aramco announced on Wednesday that it had signed 17 preliminary agreements with US companies, with a potential total value exceeding $30 billion, during the visit of Saudi Crown Prince Mohammed bin Salman to Washington. The deals cover a range of sectors including liquefied natural gas (LNG), financial services, advanced materials manufacturing, and procurement. […]
Pakistan’s main gas pipeline hits critical pressure
ISLAMABAD: Pakistan’s national gas transmission network has entered a critical phase once again after nearly two months of stability, with system pressure surpassing the danger level of five billion cubic feet (BCF), The News reported on Thursday. Official figures for October 29, 2025, reveal that the line pack — which measures gas volume and pressure […]