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 said Tuesday it will decommission two outdated gas turbine power stations in Karachi to cut…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,…
K-Electric Raises Rs4.4 Billion in Pakistan’s First Retail Sukuk IPO
K-Electric Ltd. raised Rs4.4 billion ($15.8 million) from Pakistan’s first retail-listed short-term Sukuk, more than doubling its Rs2 billion target in an initial public offering that drew strong demand from…
WAPDA Seeks to Double Hydropower Tariff on Rs364.8B Funding Push
Pakistan’s Water and Power Development Authority (WAPDA) has asked regulators to nearly double its hydropower tariff, seeking approval for a staggering Rs364.8 billion revenue requirement for fiscal year 2025-26 —…
Pakistan unveils $55B energy plan to boost renewables, cut imports
The government has unveiled a sweeping $55 billion blueprint to overhaul its power sector over the next decade, betting on hydropower, nuclear and renewables to meet soaring electricity demand while…
Pakistan to Hand Over Islamabad Airport Operations to UAE Under G2G Deal
Pakistan has agreed to transfer operations of Islamabad International Airport to the United Arab Emirates, marking the first government-to-government outsourcing of a major state asset as part of a broader…
Pakistan, Russia Eye Local Insulin Production in Three Years
Pakistan is set to launch joint insulin production with Russia in a bid to curb reliance on costly imports and expand access to essential medicines, Special Assistant to the Prime…
Pakistan Regulator Slams Power Firms After 11 Electrocuted in Rains
Pakistan’s energy regulator blasted power distributors after 11 people were electrocuted during July’s monsoon rains, even as it weighed a proposal to cut nationwide electricity tariffs by Rs1.69 per unit…
NEECA warns farm inefficiency deepens food risks as floods rise
Pakistan’s agricultural backbone is at risk as recurrent flooding collides with outdated, energy-intensive farming practices, driving up costs for farmers and threatening national food security, experts warned. The country’s heavy…
Trump doubles tariffs on Indian goods, risking $85B in exports
Markets tumble as New Delhi vows to stick with Russian oil despite U.S. pressure U.S. President Donald Trump has doubled down on trade pressure against India, imposing an additional 25%…
Pakistan unveils New EV policy to drive clean future
Prime Minister Shehbaz Sharif on Tuesday rolled out Pakistan’s New Energy Vehicle (NEV) Policy 2025-30, touting it as a landmark step to curb emissions, cut fuel imports and put the…
Punjab Defies IMF Fiscal Curbs with Rs405 Billion Central Bank Borrowing
Punjab has quietly turned into Pakistan’s fiscal outlier, racking up Rs405 billion ($1.4 billion) in central bank borrowing within just 38 days of the new fiscal year—an amount dwarfing the…
Citi Pharma overtakes rivals as Pakistan’s largest antibiotics producer with Chinese Backing
Citi Pharma has become Pakistan’s largest antibiotics maker after a China-backed expansion that lifted output tenfold to 100,000 vials a day.
Lawmakers Urge Power Regulator to Rein in Failing Utilities
Pakistan’s parliamentarians pressed the power regulator to tighten oversight of electricity distributors after rampant outages, arbitrary billing and poor service left consumers bearing the brunt of a sector already mired…
Audit says Jazz overbilled Rs6.6b; regulator faulted for lax oversight
Pakistan’s biggest mobile operator, Jazz, has been accused of overbilling its customers by Rs6.58 billion, with a government audit faulting the telecom regulator for enabling arbitrary price hikes. The Auditor…
Pakistan Plans Sweeping Industrial Policy to Cut Costs, Revive Sick Units
Pakistan is rolling out a five-year industrial policy to slash production costs, revive sick factories and boost exports, in a push to make its manufacturing sector more competitive. The plan…
IMF presses Pakistan to cut finance secretary from SBP board, fill top vacancies
The International Monetary Fund has urged Pakistan to remove the finance secretary from the State Bank of Pakistan’s (SBP) board and swiftly appoint two missing deputy governors, moves the lender…