As per statement given by spokesperson IESCO The Chief Commissioner FBR Large Tax Payer Mr. Zafar Iqbal along with senior officers visited IESCO Head Office on October 07,2025. He meets with IESCO Chief Executive Officer Engineer Ch. Khalid Mahmood and IESCO Finance Directorate Head. Mr. Zafar Iqbal said that IESCO role is very vital regarding…
The Lahore Electric Supply Company (LESCO) has introduced a new policy to resolve the shortage of single-phase meters, which disrupted connections and operations in recent weeks. Under this arrangement, consumers can now purchase single-phase AMI smart meters directly from LESCO-approved manufacturers through a proper No Objection Certificate system. LESCO will issue NOCs to eligible consumers,…
HUB Power has outlined plans to build a Single Point Mooring (SPM) on the Hub coast to import POL products for Pakistan State Oil (PSO). It also plans to set up aluminium production in Karachi to expand its business. In a meeting, CEO Kamran Kamal and CFO Muhammad Saqib said that the leadership has outlined…
Report issued by competition commission of Pakistan (CCP) urges unbundling of SOEs, stronger regulation, and private sector entry. The Competition Commission of Pakistan (CCP), in its detailed review of the country’s Liquefied Natural Gas (LNG) sector, has recommended a sweeping set of reforms to dismantle structural monopolies, promote private investment, and strengthen regulatory oversight. The…
The federal cabinet has approved a Rs10.8 billion relief package designed to support flood-hit electricity consumers in Punjab and Khyber Pakhtunkhwa. Domestic consumers in declared flood-affected districts will have their August 2025 electricity bills waived, with refunds processed for households that have already cleared previous payments. Industrial, commercial, and agricultural consumers will benefit from a…
Oil refineries’ sale of petrol and high-speed diesel has surpassed production of these products during September 2025. According to sources, the total production of petrol stood at 197,481 metric tons during the month of September 2025. But sales of diesel reached 205,956 metric tons. OMCs sales up 8% in September 2025 On the HSD side, production…
Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.4 million tons in Sep 2025, up 8% YoY and 5% MoM. The YoY growth was supported by gradual economic recovery and reduced smuggling from Iran, while the MoM increase was driven by a lower base as sales in Aug were lower than potential due to floods…
Consumers expecting fuel price relief have faced disappointment as the government raised freight margins on petroleum products, despite a decline in global oil rates. According to official data, the freight margin on high-speed diesel has now been fixed at Rs6.19 per litre, including a 32 paisa increase in the extra charge. On petrol, the freight…
ISLAMABAD: In a significant development for Pakistan’s energy landscape, a high-level meeting was held on Wednesday between Mr. Ali Pervaiz Malik, the Federal Minister for Petroleum, and senior leaders from the international and local energy sectors to discuss the revival of the Peshawar Block.Mari Energies hits record 39.13 MMBOE output in FY25 The Minister met…
Oil & Gas Development Company Limited (OGDC) on Wednesday announced a significant discovery of gas and condensate at Bitrism East-1 exploratory well, located in District Khairpur, Sindh. OGDC is the operator of the Bitrism Exploration License with 95% working interest, along with Government Holdings (Private) Limited (GHPL) holding 5% working interest. The Bitrism East-1 well…