Day: June 4, 2025

Pakistan Produces 55 billion Plastic Bags Annually: FPCCI Marks World Environment Day with Urgent Call to Action

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New-Project28

Only 3% of Plastic Waste Recycled as Experts Demand Shift to Eco-Friendly Alternatives Karachi: Provincial governments in Pakistan should launch mass awareness campaigns to encourage the public to adopt environment-friendly alternatives to plastic shopping bags and PET bottles and to promote the reuse and recycling of waste to reduce the carbon footprint associated with daily consumption habits in society. This was the key consensus among environmentalists, climate activists, media professionals, and industrialists at an event held to commemorate World Environment Day. The United Nations has designated this year’s theme as…

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OCAC Urges Rs10/Litre OMC Margin, Proposes Joint Formula with Ogra and Petroleum Division

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New-OCAC

KARACHI – The Oil Companies Advisory Council (OCAC) has called for an immediate revision of oil marketing company (OMC) margins to Rs10 per litre and urged the development of a formal pricing formula in collaboration with the Oil and Gas Regulatory Authority (Ogra), the Ministry of Energy (Petroleum Division), and the oil industry. In a letter to the Ogra chairperson, the OCAC emphasized the urgent need to revise OMC margins, citing challenges such as fuel smuggling, a high turnover tax, insufficient margins, and escalating operational costs. The council referenced a…

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Petroleum Sales Jump 10% in May Amid Economic Recovery, Diesel Demand Surge

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Petrol-Diesel

KARACHI – Pakistan’s petroleum product sales climbed 10% year-on-year (YoY) in May 2025 to 1.53 million tonnes, fueled by increased demand for high-speed diesel (HSD), lower fuel prices, and signs of economic rebound. Month-on-month (MoM), sales rose 5% from April, driven by seasonal diesel use during the wheat harvest and a reduction in fuel smuggling. Excluding furnace oil (FO), May sales reached 1.45 million tonnes, up 10% YoY and 6% MoM. For July-May FY25, total sales rose 7% YoY to 14.76 million tonnes, while ex-FO sales climbed 9% YoY to…

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Punjab CM Announces Up to 40% Power Tariff Relief, Launches Major Public Welfare Initiatives

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Maryam-Nawaz

LAHORE – In a landmark move to ease the burden of electricity costs, Punjab Chief Minister Maryam Nawaz Sharif announced a reduction of up to 40% in power tariffs for consumers of Quaid-e-Azam Thermal Power Pvt Ltd and Punjab Thermal Power Pvt Ltd. Chairing the provincial cabinet meeting on Tuesday, CM Maryam said the relief aims to significantly lower electricity bills and offer maximum respite to the people. Punjab becomes the first province to voluntarily reduce power tariffs. The cabinet meeting also celebrated the PML-N’s by-election victory in Sambrial, attributing…

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Over a Million Pilgrims Begin Hajj Under Intense Heat as Saudi Authorities Boost Safety Measures

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New-HaJJ

MAKKAH – More than a million Muslims have begun the annual Hajj pilgrimage under blazing heat, with temperatures expected to exceed 40°C (104°F), prompting Saudi authorities to implement enhanced safety measures to prevent a repeat of last year’s tragic fatalities. About 1.4 million pilgrims from around the world have arrived in the Kingdom for the multi-day ritual, a key pillar of Islam obligatory for all able Muslims at least once in their lifetime. The pilgrimage started on Wednesday with the tawaf — the traditional circumambulation of the Kaaba at the…

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