The coal supply crisis affecting the Sahiwal Power Plant has been resolved following high-level intervention by the government, ensuring continued electricity generation and grid stability. The issue arose when coal reserves at the 1,320-megawatt plant dropped to critically low levels, sufficient for only a few days of operation. The situation prompted the Power Division to…
Pakistan’s oil industry has raised serious concerns over the recent sharp reduction in diesel prices, warning that it could lead to inventory losses exceeding Rs100 billion. While the price cut has brought immediate relief to consumers, including farmers, transporters, and households, it has created significant financial pressure on oil marketing companies (OMCs) and fuel dealers….
Planning Minister Ahsan Iqbal has announced that the government is considering early market closures across Pakistan to reduce electricity consumption and control rising economic pressures. Speaking at a press conference in Lahore, the minister said Pakistan relies heavily on imported fuel for electricity generation, making energy conservation a national priority amid the ongoing global oil…
In a major policy shift, Pakistan’s provinces have agreed to share the financial burden of oil subsidies under the National Finance Commission (NFC) formula, as the federal government intensifies efforts to manage the ongoing fuel and economic crisis. The decision was finalized during a high-level meeting chaired by President Asif Ali Zardari, with Prime Minister…
Pakistan has witnessed a hopeful development in its energy sector with the discovery of fresh oil and gas reserves in the Kohat region of Khyber Pakhtunkhwa. The announcement was made by the Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, following successful drilling and testing activities in the Nashpa Block….
