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Federal and provincial energy policy — Power Division decisions, IGCEPs, IMF conditions, and the regulatory frameworks shaping the next decade.
16 stories · Page 1 of 2
Pakistan's electricity, fuel, and LPG prices rose between 43 and 68 percent this fiscal year, a UNDP economist warned the National Assembly's Standing Committee on Finance and Revenue on Monday. The panel also criticised the government for missing its own budget-law deadlines and making little progress on reducing the energy sector's ballooning circular debt.
Pakistan's Central Development Working Party publicly rebuked WAPDA on Thursday over massive cost overruns and transparency failures on the Diamer-Bhasha Dam and Tarbela 5th Extension projects. The Tarbela 5th Extension alone has ballooned from an original Rs82 billion estimate to Rs316.4 billion and has been referred to ECNEC for urgent review.
CPEC Phase 2 formally launches in 2026 with a new Green Development Corridor alongside Growth, Innovation, Livelihood, and Regional Openness corridors — plus a proposed Knowledge Corridor. Phase 1 delivered 38 Early Harvest Projects worth USD 25bn+; Phase 2 reorients toward renewables, storage, and grid modernisation.
Pakistan has signed its first bilateral carbon trading agreement with Norway under Article 6.2 of the Paris Agreement. The deal opens Pakistani clean-energy, transport, agriculture, and waste projects to Norwegian carbon-credit financing from the country's USD 1.5bn Global Emission Reduction Initiative.
Pakistan's Power Division has finalised Pak-IEM 2.0 — the country's first integrated energy planning model on the TIMES-VEDA framework, built with Germany's GTZ. Under the Net Zero pathway, renewables become the main contributor to power generation and emissions fall ~50% by 2050.
Pakistan has briefed cabinet on a plan to electrify 30% of the country's vehicle fleet within five years — a transition the Power Division values at USD 4.5 billion in annual petroleum-import savings, with 72 e-bike certificates and 123 charging-station applications already in the pipeline.
The EU's CBAM is now in its definitive phase, and Pakistan's textile sector — sending 26% of exports to the EU — has run out of room to delay decarbonisation. A working roadmap runs through NEPRA's net-metering caps, wheeling tariffs, solar PPA frameworks, and circular-debt unwind.
The convergence of AI, sustainability, and scalability — applied to Pakistan's power sector — points to a five-year roadmap built on AI-led distribution, renewable microgrids, and accelerated smart-grid rollout, with measurable consumer and circular-debt impact.
Sindh CM Murad Ali Shah has invited Chinese investors to back solar, industrial power-system, and renewable-energy projects across the province — pitching Karachi as a regional hub where industrial growth and decarbonised power must be financed together.
Pakistan's Public Accounts Committee has directed the Cabinet Division to submit a full inquiry report on Nespak's alleged multi-billion rupee irregularities, centred on the Rs 43 billion Neelum Jhelum Hydro Power Project. Auditors estimate Rs 42.9 billion in losses from the project, which has been unable to generate power since a second tunnel collapse in May 2024.