US Military Assists 7M Barrels of Oil Daily from Arabian Gulf
US Energy Secretary Chris Wright says US military is helping move about 7 million barrels of oil per day out of the Arabian Gulf, half the flow stuck since US-Israeli war with Iran.
Category : Energy Sector
Pakistan Boosts Defense Budget 18% Amid Regional Security Challenges
Pakistan increases defense budget by 18% to Rs3 trillion ($10.8 billion) for FY2026-27, citing regional threats and modernization needs.
Britain to Ban Russian Diesel and Jet Fuel by 2027
Britain announced a full ban on Russian diesel and jet fuel by 2027, ending a temporary license that allowed imports due to supply issues from the Iran war.
Rheinmetall CEO Warns France Could Exit Tank Project MGCS
Rheinmetall CEO Armin Papperger says France may leave the MGCS tank project due to budget cuts, threatening Franco-German defense cooperation.
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Syria Seizes 800,000 Captagon Pills in Two Provinces
Syrian authorities seized 800,000 captagon pills and 60 kg of cannabis in Homs and Deir Ezzor, arresting members of a cross-border drug gang in coordination with Iraq.
PM Shehbaz Orders Fast-Track 100 MW Solar Project in GB
Prime Minister Shehbaz Sharif has ordered authorities to accelerate the 100 MW solar power project in Gilgit-Baltistan, with federal funding and third-party validation for transparency.
Pakistan to Fund 100MW Solar Project for Gilgit-Baltistan
PM Shehbaz Sharif announced federal funding for a 100MW solar project in Gilgit-Baltistan, directing accelerated work and third-party validation for transparency.
CM Maryam Nawaz Highlights Wind Power Potential on Global Wind Day
Punjab CM Maryam Nawaz Sharif emphasizes wind power as a sustainable energy solution, highlighting Thal region potential and public-private partnerships.
KP Governor Briefed on Gas Supply and Education
Governor Khyber Pakhtunkhwa Faisal Karim Kundi was briefed on SNGPL gas supply, network upgrades, and challenges. He also stressed quality education and youth empowerment.
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MEPCO Ensures Uninterrupted Power Supply for Muharram
MEPCO Muzaffargarh Circle prioritizes inspection and repair of electrical installations for Muharram processions and Imambargahs, ensuring uninterrupted power supply during Ashura.
Pakistan Power Circular Debt Up Rs240 Billion in 10 Months
Pakistan's power sector circular debt increased by Rs240 billion to Rs1.854 trillion in July-April FY2025-26, but declined by Rs557 billion year-on-year due to government capital injections.
Oil Prices Plunge Over $4 on US-Iran MoU
Oil prices slumped to a three-month low after Trump announced a US-Iran MoU to end the war and reopen the Strait of Hormuz. Brent fell 4.71% to $83.22.
Pakistan Power Data Gap Reveals Consumer Exploitation
An accountability expert reveals a 15,000-20,000 MW gap between official and stated capacity, exposing billions in consumer exploitation and a broken energy system.
Budget 2026-27 Boosts Public Transport Subsidy for Twin Cities
The federal budget 2026-27 increases public transport subsidy for Rawalpindi and Islamabad from Rs3 billion to Rs7.3 billion, benefiting Metro Bus and Green Electric Bus services.
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Murree Crash: Driver Crashed After Argument Over Music
A family member alleges the Murree Expressway crash that killed 10 was caused by an argument over loud music. The driver reportedly crashed in anger after children asked to turn off songs.
M-5 Motorway Section to Close for 8 Hours on Monday, Tuesday
Traffic on the Iqbalabad-Guddu section of the M-5 Motorway will be suspended from 9am to 5pm on Monday and Tuesday for repair work by Mepco.
Pakistan to Add 3,787MW Power Capacity by FY2026-27
Pakistan plans to add 3,787MW capacity by FY2026-27, mainly from hydropower and solar, pushing total installed capacity over 50,000MW. Renewables will exceed 50% of generation mix.
IESCO Intensifies Crackdown on Electricity Dues, Power Suspension
IESCO CEO Engr. Ch. Khalid Mahmood announces intensified recovery of outstanding dues, urges timely payments. Power suspension scheduled for maintenance on Monday across multiple areas.
Pakistan's First Carbon Credit Market Project in Punjab Advances
Pakistan's first carbon credit market project in Punjab progresses with Phase-II launch at Mehmood Buti Landfill Site, featuring flaring system and plans for solar park and urban forest.
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HESCO Declares 58 Feeders Free from Load Shedding
HESCO has declared 58 feeders load-shedding free, including the new 11KV Wadhayo Feeder in Tando Allahyar, due to optimal recoveries. CEO Faizullah Dahiri announced at a ceremony.
Rs 2 Billion for Margalla Avenue Link Road to M-1
The federal government allocated Rs 2 billion for the Margalla Avenue Link Road to M-1 in PSDP 2026-27, a 5.2 km six-lane project to provide a signal-free corridor and bypass inner-city traffic.
Water Sector PSDP Allocation Slashed to Rs103 Billion
Pakistan reduces PSDP allocation for water resources to Rs103 billion for 2026-27, a 22.6% drop from Rs133 billion, raising concerns over water security and infrastructure.
WAPDA Chairman at Global Infrastructure Forum in Macao
WAPDA Chairman Lt Gen (retd) Muhammad Saeed led Pakistan's delegation at the 17th IIICF in Macao, highlighting investment opportunities in water and power infrastructure and emphasizing regional connectivity over conflict.
Pakistan Cuts PSDP to Rs1 Trillion for FY2026-27
The federal government proposed Rs1 trillion for PSDP FY2026-27, 11% below APCC's recommendation, with cuts to water resources and KP merged districts, while allocating Rs1 billion for CPEC 2.0.
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Pakistan Plans Strategic Oil Reserves, Energy Upgrades by 2027
Pakistan announces measures to expand strategic oil reserves to 30-45 days, upgrade refineries, and boost renewable energy to 30% of generation mix by 2030 under FY27 plan.
Pakistan Achieves Energy Milestones, Saves Rs143 Billion
Finance Minister Aurangzeb announces energy sector reforms, saving Rs143 billion in subsidies and transitioning to competitive electricity market.
FUUAST Solar Project Fails to Meet Goals Due to Technical Flaws
A Rs110 million solar project at FUUAST operates at half capacity, fails to cut bills, and faces grid connection issues due to missing load sanction.
Elon Musk World's First Trillionaire After SpaceX IPO
Elon Musk's net worth hits $1.1 trillion on paper after SpaceX's record $75 billion IPO, making him the world's first trillionaire.
Oil Prices Drop Over 2% as Trump Calls Off Iran Strikes
Oil prices fell over 2% on Friday after Trump cancelled plans to strike Iran, easing fears of escalation. Brent dropped to $88.27, WTI to $85.81.
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Iran IRGC Navy Intercepts Oil Tanker at Strait of Hormuz
Iran's IRGC Navy intercepted an oil tanker attempting to cross the Strait of Hormuz without coordination, warning of extreme firmness against future violations.
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