IESCO Power Suspension Schedule for Friday Maintenance
IESCO will suspend power in multiple areas on Friday for maintenance. Affected feeders include KTM-2, GSO Circle, and transmission lines in Chakwal, Kahuta, and Wah.
Category : Energy Sector
Venezuela Earthquakes: 235 Dead, 4,300 Injured
Venezuela's health minister reports around 235 dead and 4,300 injured after two powerful earthquakes struck the northern coast, with thousands missing and rescue operations ongoing.
DPO Bahawalnagar Reviews Muharram Security in Chishtian
DPO Bahawalnagar Muhammad Imran visited Chishtian to review security for Muharram processions, met peace committees, and inspected routes to ensure law and order.
Oil Prices Fall to Pre-Iran War Levels on Rising Supply
Oil prices dropped to their lowest since February 27, with Brent crude at $72.68 and WTI at $69.58, as Middle East supply concerns eased following a US-Israeli-Iran accord.
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Pakistan, Turkiye Sign 3 MoUs for Power Sector Cooperation
Pakistan and Turkiye signed three MoUs in Istanbul to enhance collaboration in power sector privatisation, regulatory frameworks, and technical expertise sharing, with Turkish authorities expressing readiness to support Pakistan's reforms.
CDWP Clears 24 Projects Worth Rs465.762 Billion
The CDWP approved 24 projects worth Rs465.762 billion, including a Rs278.619 billion upgrade of the ML-3 railway line from Rohri to Koh-e-Taftan, and recommended 9 projects worth Rs431.022 billion to ECNEC.
Pakistan Revises Oil Storage Policy After Foreign Snub
Pakistan is amending its 2023 bonded oil storage policy after failing to attract foreign suppliers, exposing energy vulnerabilities during the Strait of Hormuz crisis. Kuwait shows interest in new plan.
KMC Unveils Rs750 Million Solar Plan for Karachi
Karachi Metropolitan Corporation allocates Rs750 million for solar power transition, aiming to reduce costs, ensure uninterrupted services, and cut carbon footprint. Mayor Wahab calls it a fundamental necessity.
Strait of Hormuz traffic surges but remains at half peacetime levels
Seventy confirmed crossings were recorded on Wednesday, the highest since Iran shut the strait on March 1, but traffic remains at roughly half peacetime levels, officials said.
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Türkiye Offers Tech Support for Pakistan Power Reforms
Türkiye has offered technical assistance to Pakistan for power sector reforms and privatization, as Islamabad pushes ahead with an IMF-backed overhaul to reduce circular debt and attract investment.
Egypt, SANY Sign MoU for Wind Turbine Factory, 2GW Project
Egypt and China's SANY Group signed an MoU to develop Egypt's first wind turbine factory and a 2GW wind power project in the North Gulf of Suez, supporting Egypt's goal of 45% renewable energy by 2028.
China State Refiners Eye Iran Oil Imports After US Waiver
China's state-owned refiners are considering resuming Iranian oil purchases for the first time since 2019, following a US waiver, but face hurdles from alternative supplies and weak domestic demand.
Oil Prices Drop on Rising Middle East Supply After Iran War
Oil prices fell to pre-Iran war levels as Middle East supply rises. Brent crude dropped 1.65% to $72.52, while WTI fell 1.45% to $69.32, amid easing supply concerns.
Venezuela Emergency After 7.5 Earthquake and Tsunami Warnings
Venezuela declares a national emergency after a 7.5 earthquake strikes the Caribbean coast, causing damage and tsunami warnings. International aid mobilizes.
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Minister Directs Restructuring of Hydrocarbon Bodies
Federal Minister for Petroleum Ali Pervaiz Malik ordered HDIP and DGPC to submit a restructuring plan in two weeks to improve governance, efficiency, and strategic role in Pakistan's energy sector.
Saudi Arabia Allocates $4.3 Billion for Makkah Urban Projects
Saudi Arabia's Royal Commission for Makkah City and Holy Sites has announced $4.3 billion in urban projects covering 4.4 million sq. meters across five districts, aiming to improve infrastructure and quality of life.
Saudi Arabia Allocates $4.3B for Makkah Urban Projects
Saudi Arabia's Royal Commission for Makkah City and Holy Sites dedicates SR16.3 billion ($4.3 billion) to develop seven locations covering over 4.4 million sq. meters in Makkah, aiming to improve urban environment and quality of life.
Pakistan Enforces Iraqi Visa Rules for Pilgrims
Pakistan's religious affairs ministry has directed tour operators to strictly enforce Iraqi visa conditions after Baghdad raised serious concerns over violations by Pakistani pilgrims.
Oil Prices Drop as Iran Tensions Ease, Hormuz Strait Shipments
Oil prices fell to four-month lows as more tankers prepare to leave the Strait of Hormuz following US-Iran ceasefire deal, with Brent crude down 0.5% to $76.71.
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Saudi Acwa Eyes Desalination, Green Hydrogen in Morocco
Saudi utility giant Acwa Power is exploring desalination and green hydrogen investments in Morocco, while expanding its Khalladi wind farm by 40 MW.
Saudi June Sukuk Issuance Surges 339% to $2.81bn
Saudi Arabia raised $2.81bn in June sukuk, a 339% monthly increase, supporting Vision 2030 projects like Neom through six tranches maturing 2029-2041.
Oman Opens Temporary Strait of Hormuz Routes, No Tolls
Oman has opened temporary shipping routes north and south of the Strait of Hormuz, ensuring toll-free passage for vessels amid heightened security risks following the February 28 war.
France Heatwave Outage: 68,000 Homes Without Power
A record-breaking heatwave caused France's first major power outage, leaving 68,000 households in western France without electricity on Wednesday, June 24, 2026.
NUST Signs Contract for 3.5 MW Solar PV System
NUST signed a contract with Foundation Solar Energy for a 3.5 MW solar PV system at H-12 Campus, reducing carbon footprint and advancing sustainability.
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Mari Energies, OGDCL Add 36 MMscfd Gas to National Network
Mari Energies and OGDCL have brought two new gas wells online, adding a combined 36 MMscfd to Pakistan's national gas network, with flows starting in June 2026.
Pakistan Saves $3.239B via Jamshoro Thar Coal Switch
Pakistan will save $3.239 billion over 26 years by converting Jamshoro power plant from imported coal to indigenous Thar coal, confirmed by a Bankable Feasibility Study presented to the Power Minister.
KE exempts 371 feeders from loadshedding for Ashura
K-Electric exempts 371 feeders, including 244 high-loss ones, from loadshedding from 8th to 11th Muharram for Ashura processions and majalis. Bill due dates extended.
Experts Urge Pakistan to End Tobacco Tax Freeze, Impose Climate Tax
Economists and health experts call on Pakistan to end the tobacco tax freeze, introduce inflation-adjusted annual increases, and consider a climate tax on the tobacco industry, warning of heavy health, economic, and environmental costs.
Pakistan to Save $3.239B by Converting Jamshoro Plant
Pakistan will save $3.239 billion over 26 years by converting Jamshoro Unit-01 from imported coal to Thar lignite, with $2.113 billion in foreign currency savings, according to the Ministry of Energy.
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Illegal Water Network Busted in New Karachi
A joint operation by KWSC and police in New Karachi busted an illegal water supply network, seizing eight electric motors and five submersible pumps used in water theft.
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