Petroleum Minister Ali Pervaiz Malik met Kuwait Foreign Petroleum Exploration Company Vice President Tariq Ibrahim on Tuesday to discuss expanding energy cooperation. The meeting focused on strengthening investment and collaboration in Pakistan’s oil and gas sector. According to state broadcaster PTV, both sides reviewed opportunities to deepen cooperation between Pakistan and KUFPEC. The discussions particularly […]
Pakistan Energy Sector
Power firms seek Rs1.20 unit hike
Power companies have requested a Rs1.20 per unit increase in electricity charges for August bills due to higher fuel costs. The proposed adjustment could add around Rs15.7 billion to consumers’ bills across the country. The request comes despite a major share of electricity generation coming from cheaper domestic sources. The Central Power Purchasing Agency (CPPA) […]
New gas wells start production in Sindh
Gas production has started from newly discovered wells in Dhrki and Khairpur in Sindh. The development adds fresh volumes to Pakistan’s energy supply system. The update is significant as the country continues to address ongoing energy demand and supply challenges. According to Mari Energies, gas from the Shams-1 discovery in Dhrki has been injected into […]
OGDCL receives major payment under circular debt settlement plan
Oil and Gas Development Company Limited has received another significant payment under the government’s circular debt reduction programme after Power Holding Private Limited transferred ₨7.725 billion as the eleventh monthly interest instalment. The payment forms part of an approved repayment mechanism linked to Term Finance Certificates designed to ease financial pressure across Pakistan’s struggling energy […]
Pakistan’s circular debt in energy sector rises to Rs5.2 trillion
Pakistan’s circular debt in the energy sector has climbed to Rs5,206 billion, highlighting continued financial stress in the country’s power and gas systems, according to the latest figures cited in an International Monetary Fund (IMF) report. Read More: Power sector circular debt edges up despite payments The report shows that the total circular debt includes Rs3,442 […]
Pakistan power users face higher fixed charges
Electricity bills across Pakistan have surged after the National Electric Power Regulatory Authority (NEPRA) linked fixed charges to load instead of monthly consumption. The new formula, effective January 2026, applies fixed charges based on each household’s load, replacing the previous consumption-based system. The change was approved following a federal government request to standardize charges for […]
K-Electric CEO Moonis Alvi resigns after PSX disclosure
K-Electric (KE) Chief Executive Officer (CEO) Moonis Alvi has stepped down from his position, according to a disclosure submitted to the Pakistan Stock Exchange (PSX) on February 6. The development was formally communicated to the exchange in line with regulatory requirements under the Securities Act, 2015, and the PSX Rule Book. Read More: Green light […]
OGDCL hits oil: Pasakhi-14 well starts production in Hyderabad
OGDCL has begun producing 1,100 barrels of oil per day from its Pasakhi-14 well in Hyderabad. The well is part of the company’s Pasakhi & Pasakhi North Development Lease. This milestone strengthens Pakistan’s national energy output and enhances shareholder value. The Oil and Gas Development Company Limited (OGDCL) announced the production start through a notice […]