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Pakistan’s First Wheeling Auction: ISMO Issues 400MW RFP
On 20 September 2026, the Independent System and Market Operator of Pakistan (ISMO) published the Request for Proposals (RFP) for the country's first wheeling auction. The auction offers 400 megawatts (MW) under the Competitive Trading Bilateral Contract Market (CTBCM). Federal Minister for Energy Sardar Awais Ahmad Khan Leghari announced Read more
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Venture Capital Bill, 2026: RIAA submits comments to SECP
The Securities and Exchange Commission of Pakistan has published the draft Venture Capital Bill, 2026 for public consultation, proposing a dedicated statutory framework for venture capital funds and the companies that manage them.
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DHA City: advising on first developer NEPRA distribution licence
The National Electric Power Regulatory Authority (NEPRA) has granted DHA Energy Supply Company (DESCO) two licences for DHA City Karachi. The first is a NEPRA distribution licence, and the second makes DESCO the development's supplier of last resort. RIAA Barker Gillette advised DESCO throughout the application. No licensee outside the l...
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Pakistan safeguard investigation: NTC initiates first CPFTA case
The National Tariff Commission (NTC) has initiated Pakistan's first safeguard investigation, acting on an application that RIAA Barker Gillette prepared for the domestic industry. The case concerns a surge in imports of vulcanised rubber thread and cord from China. It proceeds under Article 27 of the&nbs...
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Islamic financing behind Pakistan’s landmark PIA privatisation
In June 2026, management control of Pakistan International Airlines Corporation Limited (PIACL) passed to PIA Equity Limited, completing Pakistan's first major privatisation in nearly two decades. A consortium led by Arif Habib Corporation and including Lake City Holdings had won the December 2025 auction, with a PKR 135 billion bid se...
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