Day: July 2, 2025

Oil Sector Warns Furnace Oil Levy Will Devastate Industry, Urges Govt to Withdraw

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Refineries-Urge

KARACHI: The oil industry has raised alarm over the imposition of a hefty petroleum levy (PL) of Rs82,077 per metric tonne on Furnace Oil (FO), effective July 1 under the Finance Act, warning of severe economic consequences. In a letter to the Special Investment Facilitation Council (SIFC), the Oil Companies Advisory Council (OCAC) expressed grave concerns about the PL, coupled with an existing Climate Support Levy (CSL) of Rs2,665 per metric tonne. The OCAC warned that the combined burden could lead to an 80% surge in FO prices, crippling domestic…

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Sindh Energy Holding Company Meets Revenue Target, Plans Expansion Amid Investment Surge

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New-Project4

KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah has announced that the Sindh Energy Holding Company Limited (SEHCL) has successfully achieved its revenue target of Rs113 million for the financial year 2024–25. Chairing a high-level meeting of SEHCL on Tuesday, the minister revealed that a higher revenue target of Rs266 million has been set for the fiscal year 2025–26. SEHCL’s Chief Operating Officer, Tufail Ahmed Khoso, informed the meeting that the company expects to maintain an annual profit of Rs250 million over the next four years, driven by strategic investments.…

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Turning Sunshine into Power: Rooftop Solar Revolution in Islamabad, Pakistan

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growatt-news

In Islamabad’s bustling neighborhoods, rooftops are no longer just shelters—they’re becoming power stations. As electricity prices soar and energy demand climbs, homeowners are turning to solar solutions to secure their futures. Two distinct residential projects in the capital illustrate how solar technology is reshaping lives, blending financial gains with environmental stewardship—with one standing out for Growatt’s home solar energy solution. A 15kW grid-tied solar project in DHA Islamabad’s upscale enclave redefines simplicity and performance with Growatt’s MOD 15KTL3-X inverter. This high-efficiency powerhouse combines user-friendly design with robust engineering. Its 98.6%…

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Pakistan Seeks to Offload Surplus LNG Amid Supply Glut, Faces \$378 Million in Losses

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Pakistan-LNG

KARACHI/SINGAPORE (Reuters):Pakistan is exploring options to sell excess liquefied natural gas (LNG) cargoes as a growing supply glut threatens to cost domestic gas producers up to \$378 million annually, according to an official presentation and government sources. The country currently has at least three surplus LNG cargoes—imported under a long-term contract with top supplier Qatar—and limited domestic demand, forcing authorities to sell gas at steep discounts to local users. Gas-fired power generation, historically a major consumer of LNG, has steadily declined over the past three years, with solar power gaining…

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Nestlé Pakistan Opens Clean Drinking Water Facility in Gilgit, Benefiting 10,000 Daily

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nestle-pakistan

GILGIT:Nestlé Pakistan has inaugurated a clean and safe drinking water facility in Jutial, Gilgit, set to provide daily access to over 10,000 residents in the area. The facility was officially opened by Chief Secretary Gilgit-Baltistan, Abrar Ahmed Mirza, who praised the initiative as a meaningful step toward community well-being. “Access to clean and safe drinking water is an absolute necessity for all of us, and I am touched that Nestlé has focused so much of its community efforts for the people of Gilgit,” he said. “It is a remarkable contribution,…

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