The Asian Development Bank(ADB) is providing a loan of upto $65 million to build a hydro power project of 102 MW on the Poonch river in the Kotli district. Read more
The Prime Minister Nawaz Sharif will visit Turkmenistan and Kyrgyz Republic from May20-21 to push ahead for deals in an effort to address the ongoing energy crisis. Read more
The Asian Development Bank (ADB) has advised Pakistan to reduce subsidies on fuel and power to take full advantage of lower international oil prices and take steps to make the economy more energy efficient. Read more
The state run Power Construction Corp of China plans to invest $2.1 billion in a coal fire power project in Pakistan.The project is expected to be completed in 32 months and will mainly use coal from Indonesia. Read more
Many areas of Punjab are facing severe and expected blackouts as the electricity production in the country falls to 7000MW.Areas around Lahore are facing up to 18 hours of load shedding. These include Township, Shiekupura and Manga Mandi. Fears of similar black outs across the country are on the... Read more
Now that he is free from his important private trip to Saudia Arabia, the Prime Minister Nawaz Sharif has directed the Finance Minister, Ishaq Dar to arrange for PKR 40 billion for PSO to import additional shipments of petrol and furnace oil. Officials reported that PKR 15 billion had... Read more
Queues outside petrol pumps could be seen lessening on Thursday evening as each pump in major cities of Punjab was supplied 15,500 metric tons of petrol. However people in smaller towns and cities in both Punjab and Azad Jammu and Kashmir (AJK) continue to suffer from the shortage. A... Read more