Pakistan inks record Rs1.225 trillion bank deal to ease power debt
Government’s largest-ever restructuring aims to stabilize electricity sector, with consumers set to fund repayments through surcharges
K-Electric Swings to Profit as Sales Jump, Costs Ease
Posts Rs4.24b profit, rebounds from Rs39.5b loss Utility boosts efficiency, expands grid links as revenue surges 46% despite economic headwinds K-Electric Ltd., Pakistan’s largest private power utility, swung back to…
K-Electric to retire old plants in efficiency push
Utility sheds 96MW capacity to cut costs, boost profitability while ensuring reliable supply K-Electric Ltd. said Tuesday it will decommission two outdated gas turbine power stations in Karachi to cut…
Mari Energies Unlocks $483 million Additional Annual Revenue
Wins $200m Boost, Gets 222 MMCFD Gas Nod for Fertilizer Sector Company shift from loss-making power deals and unlocks stranded reserves, boosts cash flows Mari Energies has secured government permission…
Citigroup, CBRE in race to advise on Pakistan’s Roosevelt Hotel sale
Pakistan has drawn bids from seven heavyweight consortia — including Citigroup, CBRE, Morgan Stanley and Cushman & Wakefield — to advise on the privatization of its storied Roosevelt Hotel in…
Mari Energies Nears Takeover of Stakes in Orient Petroleum Blocks Across Pakistan
Mari Energies Ltd., Pakistan’s No. 2 oil and gas explorer, is set to formally take over significant stakes in three Orient Petroleum blocks within days, cementing its position in some…
Punjab launches first-ever E-Taxi Scheme
1,100 electric taxis to hit the roads; online applications open until Oct 5 The Punjab government on Tuesday rolled out its first-ever E-Taxi Scheme, announcing that 1,100 electric taxis will…
Citi Pharma Bets Big on Veterinary Sector, Targets PKR 10B Turnover
Citi Pharma Limited has formally entered Pakistan’s veterinary healthcare market through its new subsidiary, Citi Veterinary Limited, which launched trading operations Friday with an ambitious plan to achieve PKR 10…
NEPRA orders Rs1.78/unit refund to KE, Discos consumers
Pakistan’s power regulator has ordered state-run power distribution companies and K-Electric to refund consumers Rs1.7856 per unit in September electricity bills, while issuing a blistering warning over chronic mismanagement that…
Pakistan’s SECP, Mobilink Bank Tie Up to Digitize Corporate Account Openings
Pakistan’s top corporate regulator has teamed up with Mobilink Microfinance Bank Ltd. to digitize and speed up the process of opening corporate bank accounts, a move aimed at boosting transparency,…
