The government has invited expressions of interest (EOIs) from local and foreign investors for the privatisation of three major power distribution companies, Faisalabad Electric Supply Company, Gujranwala Electric Power Company and Islamabad Electric Supply Company, as part of its broader energy sector reform agenda. According to a statement issued by the Privatisation Commission of Pakistan on
Pakistan and the Asian Infrastructure Investment Bank on Tuesday signed a loan agreement worth $320.16 million for the reconstruction of key sections of the National Highway (N-5) under the country’s resilient recovery framework. According to a press release issued by the Economic Affairs Division (EAD), the financing agreement relates to Phase-IA of the “Reconstruction of National Highway N-5
Power generation in Pakistan reached 9,498 GWh in April 2026, down 10% YoY from April 2025. Back in April 2025, power generation stood at 10,513 GWh. The decline comes on the back of a significant reduction, i.e. 10% in hydel generation during the month. On a monthly basis, power generation jumped by 6% as compared to 8,939 GWh in March 2026. In the first ten months of FY26 (July-April),
Gold prices nudged lower on Wednesday, as rising Treasury yields and a firm dollar outweighed optimism over a potential U.S.-Iran peace agreement. Spot gold was down 0.3% at $4,467.59 per ounce, as of 0233 GMT. In the previous session, bullion hit its lowest level since March 30. US gold futures for June delivery lost 0.9% to $4,471.10. “Gold is running out of puff somewhat against th
Oil prices were down about 1% on Wednesday after US President Donald Trump again asserted the war with Iran will end “very quickly”, though investors remain wary about the outcome of peace talks amid continued disruptions to Middle Eastern supply. Brent crude oil futures fell $1.11, or 1.0%, to $110.17 a barrel by 0640 GMT, while US West Texas Intermediate futures were down $1.12, or 1.1%, to $