Pakistan on Friday reduced petrol and diesel prices for the second consecutive week as the government attempted to ease pressure on consumers following months of sharp increases linked to tensions in the Middle East and disruptions in global oil supplies. According to a notification issued by the Petroleum Division, petrol prices fell by Rs6 per […]
Pakistan Continues Fuel Cuts and 4 Day Workweek Until June 13
Pakistan on Monday extended its nationwide austerity drive and fuel conservation measures until June 13 as uncertainty surrounding the Middle East conflict continues to pressure global oil markets. The Cabinet Division issued a formal notification after Shehbaz Sharif approved the extension on the recommendations of the implementation committee. According to the notification, the government will […]
Why Azerbaijan’s LNG Offer Could Change Pakistan’s Energy Game
Azerbaijan has said it is ready to supply liquefied natural gas to Pakistan, offering potential relief as the country faces mounting energy shortages amid global supply disruptions and declining domestic production. Azerbaijan’s state energy company SOCAR confirmed that it can begin supplying LNG as soon as Islamabad formally places a request, under an existing framework […]
Lower Bills Ahead? Smart Meters Set to Change How Pakistanis Pay for Electricity
Pakistan has signed a major agreement with the International Finance Corporation to deploy smart meters for around 10 million electricity consumers, marking a significant step toward digitising the country’s power distribution system and improving efficiency. The agreement, signed between the Power Division and the IFC, focuses on modernising electricity infrastructure through large-scale adoption of advanced […]
PSO names former Shell executive Jawwad Cheema as CEO
Pakistan State Oil (PSO) has appointed seasoned energy executive Jawwad Ahmed Cheema as its new Chief Executive Officer, bringing in decades of global industry experience as the company looks to strengthen operations and navigate a challenging energy landscape. The appointment, approved by PSO’s Board of Management, will take effect from May 18, 2026, for a […]
PSO Appoints Abdus Sami as Interim CEO After Leadership Move to K-Electric
Pakistan State Oil, the country’s largest oil marketing company, has appointed Abdus Sami as its interim chief executive officer following a key leadership change within the energy sector. The development was officially disclosed through a notice submitted to the Pakistan Stock Exchange, confirming the transition at the top level of the organization. According to the […]
HBL Backs Mari Energies Project in Pakistan to Turn Polluting Gas into LNG
Pakistan is moving towards cleaner and more efficient energy solutions as Habib Bank Limited (HBL) has stepped in to finance a major emissions reduction project led by Mari Energies Limited. The initiative aims to convert harmful gas emissions into commercially valuable liquefied natural gas, marking a significant step toward sustainability and energy optimization. Major Financing […]
K-Electric Bill Shock: Karachi Consumers to Pay More for Electricity
Electricity consumers across Pakistan will face an additional financial burden of about Rs23 billion after the power regulator approved higher charges through fuel cost and tariff adjustments. The decision was announced by the National Electric Power Regulatory Authority, which issued a late-night notification allowing increased charges in electricity bills. According to the notification, consumers will […]
Major Oil & Gas Discovery in Khyber Pakhtunkhwa: What It Means for Pakistan’s Energy Supply
Pakistan’s leading energy explorer, Oil and Gas Development Company Limited (OGDCL), has announced another major oil and gas discovery in the province of Khyber Pakhtunkhwa — a development that experts say could help reduce the country’s energy import burden and strengthen domestic supply. The discovery comes from the Baragzai X-01 (Slant) exploratory well in the […]