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Pakistan Plans to Scrap Rs35 Monthly PTV Fee From Power Bills
Monthly Rs35 PTV fee to be dropped amid soaring electricity costs Pakistan’s federal government is poised to scrap the controversial Rs35 monthly fee for state-run Pakistan Television (PTV) from electricity bills, offering long-overdue relief to more than 40 million consumers amid a surge in energy costs, according to a senior official with direct knowledge of…
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Power Minister Slams KE Ruling, But Govt May Backtrack Amid Saudi Concerns
Pakistan’s Energy Minister has publicly criticized recent regulatory decisions on K-Electric’s licenses, warning of long-term risks to investment and subsidy frameworks—yet sources say the government may quietly reverse its stance amid pressure from influential quarters and concerns over Saudi-linked investment in the utility. In a post on X (formerly Twitter), Energy Minister Owais Ahmad Khan…
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Pakistan Pushes PIA Bid Deadline to June 19
Pakistan has extended the deadline for submitting Expressions of Interest (EoIs) to acquire Pakistan International Airlines Corp. Ltd. (PIACL) by two weeks to June 19, 2025, as the government seeks to attract more strategic investors and close the long-delayed privatization of its debt-laden national carrier, an official told The Newser. The extension — pushed from…
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PAEL Has Potential to Surge on U.S. Export Boom, Nigeria Expansion
Lahore firm’s global push lifts stock 67%, outpaces KSE-100 Pak Elektron Ltd (PSX: PAEL) is expanding its global reach with growing exports to the United States and the launch of a smart meter assembly plant in Nigeria. The Lahore-based electrical equipment manufacturer has rallied more than 67% in one year, handily beating the KSE-100 Index,…
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Govt Moves to Resolve Refineries’ Tax Woes in Budget
Petroleum minister, PM back industry push to fix sales tax snag threatening refinery modernization The government has assured the refinery sector that their tax issues will be resolved in the upcoming budget that was affecting the refineries and oil marketing companies, as the petroleum minister has taken up this issue with the ministry of Finance…
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Turkey’s Energy Firm to Invest in Pakistan’s Oil and Gas Sector
Government awards 13 new blocks for exploration in Sindh and Balochistan ISLAMABAD — In a significant boost to foreign investment in Pakistan’s energy sector, the government has awarded oil and gas exploration rights to Turkish Petroleum Overseas Company (TPOC) in Sindh and Balochistan, official sources confirmed on Friday. TPOC, a state-owned Turkish energy firm, will…
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Pak Elektron Expands to Africa With Smart Meter Assembly Plant in Nigeria
Pak Elektron Limited (PEL), Pakistan’s leading power equipment and appliances manufacturer, is making its first major footprint in Africa by establishing a smart energy meter assembly plant in Nigeria, in partnership with a local business giant. The move signals PEL’s ambition to tap into Africa’s rising energy demand and position itself as a key player…
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Karachi Traders Reject KE’s Rs76bn Write-Off, Cry Foul Over ‘Bogus Bills’
NEPRA Orders KE Probe; Karachi Traders Say ‘No More Surcharges’ ISLAMABAD: Business leaders and industrialists in Karachi on Thursday launched a scathing attack on K-Electric (KE), vowing not to pay “a single penny” in surcharges related to the company’s Rs76 billion write-off claims, while accusing the utility of sending bogus bills to defaulted consumers dating…
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PIBTL Receives SIFC, PPRA Nod for $6B Reko Diq Exports
The Special Investment Facilitation Council (SIFC) and the Public Procurement Regulatory Authority (PPRA) have formally conveyed their decisions to Pakistan International Bulk Terminal Ltd., clearing the Karachi-based operator to handle exports of copper, gold, and other high-value minerals from Barrick Gold Corp.’s $6 billion Reko Diq project. “We have received the decisions, and we have…
