Day: June 28, 2025

Sindh Energy Minister Nasir Shah holds high-level review meeting with Local Government Minister Saeed Ghani on making Sewage Treatment Plant-I fully operational

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The sewage treatment plant is a pressing need to meet industrial water demands and protect marine life, Nasir Shah, Saeed Ghani Karachi (): Sindh Minister for Energy, Development, and Planning Syed Nasir Hussain Shah, along with Minister for Local Government Saeed Ghani, held a high-level meeting in the P\&D Department’s committee room to review the pace of work to fully operationalize Sewage Treatment Plant-I (TP-I) under the S-III project. In addition to the provincial ministers, Karachi Mayor Murtaza Wahab, Chairman P\&D Najam Shah, DG PPP Unit Asad Zaman, CEO Water…

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Emerging OMCs Demand Equal Regulatory Treatment, Cite Rs150bn Investment

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LAHORE: Pakistan’s emerging oil marketing companies (OMCs) have raised strong objections over what they describe as unfair regulatory practices and unequal treatment compared to larger, more established players in the petroleum sector. In a letter addressed to Petroleum Minister Ali Pervaiz Malik, the Oil Marketing Association of Pakistan (OMAP) outlined the challenges faced by new entrants, despite their substantial investments and growing contributions to the national petroleum landscape. According to OMAP, emerging OMCs have collectively invested Rs150 billion in the sector — Rs81 billion in storage infrastructure, representing nearly 50%…

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Govt Acknowledges Governance Failures as SOE Losses Hit Record Rs5.9 Trillion

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ISLAMABAD: In an unusually candid assessment, the federal government on Friday admitted to persistent governance failures and low transparency in state-owned enterprises (SOEs), with cumulative losses soaring to a record Rs5.9 trillion by December 2024. The admission came through a statement issued by the Ministry of Finance following a meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs), chaired by Finance Minister Muhammad Aurangzeb. The statement pointed to widespread operational inefficiencies, misaligned business strategies, and weak compliance with legal obligations under the SOEs Act. Highlighting the alarming state of public…

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ECC Approves Up to 50% Hike in Gas Charges to Meet IMF Targets

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ISLAMABAD: In a significant move to align with International Monetary Fund (IMF) requirements, the Economic Coordination Committee (ECC) of the federal cabinet has approved a gas tariff hike of up to 50% for consumers across various categories, effective from July 1. The decision, made during an ECC meeting chaired by Finance Minister Muhammad Aurangzeb, includes a 50% increase in fixed charges for domestic consumers. Protected households will now pay Rs600 per month, up from Rs400, while non-protected users will see charges rise from Rs1,000 to Rs1,500. The ECC also abolished…

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PNSC Targets \$700 Million Freight Revenue with Green Fleet Expansion

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ISLAMABAD: The Pakistan National Shipping Corporation (PNSC) is set to expand its cargo fleet to 34 vessels over the next three years, aiming to boost annual freight earnings to \$700 million. The initiative is part of a comprehensive strategy to modernise Pakistan’s maritime and logistics sectors and position the country as a regional shipping hub. The announcement came during a high-level meeting chaired by Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry. Officials revealed that PNSC currently handles 11% of the country’s cargo by volume and 4% by value.…

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