Day: September 5, 2025

Shehbaz’s government has completely failed Pakistan on growth and reforms: Dr. Miftah Ismail

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Miftah-Ismail

Karachi, September 05, 2025: In a wide-ranging and hard-hitting interview published in the September 2025 issue of US award winning magazine SouthAsia, former Finance Minister Dr. Miftah Ismail delivers a sharp critique of Prime Minister Shehbaz Sharif’s economic governance, arguing that the country is not moving in the right direction and that urgent structural reforms are being ignored. Dr. Ismail, a two-time finance minister and renowned economist with a PhD from the Wharton School, emphasizes that while some macroeconomic stability has been achieved, it has come at the cost of…

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OGRA Peshawer Endorsement team and District Administration Conduct Joint Operation in Peshawar

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New-Project12

Islamabad, September 5, 2025:The Oil and Gas Regulatory Authority (OGRA) Enforcement Team, Peshawar, in collaboration with the District Administration, carried out a joint operation against illegal LPG activities in the city. During the operation, action was taken against individuals involved in LPG decanting and filling in public service vehicles (PSVs), illegal dabba stations, and unauthorized LPG auto-refueling setups. As a result, six LPG shops, one illegal LPG auto-refueling station, and one illegal dabba station were sealed on the spot. The enforcement team also confiscated LPG decanting equipment. In addition, joint…

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Pakistan Reconsiders TAPI Pipeline as LNG Surplus Undermines Viability

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TAPI-gas

ISLAMABAD: Pakistan is rethinking its commitment to the $13 billion Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline after global consultancy Wood Mackenzie advised delaying gas intake from Turkmenistan until at least 2031, citing an oversupply of imported LNG. A senior Energy Ministry official confirmed that the recommendation has triggered urgent deliberations within the Petroleum Division, with options ranging from formally deferring commitments to considering a withdrawal from the project. Pakistan is already struggling to manage long-term LNG contracts amid a sharp decline in domestic gas demand. Officials say Islamabad is also reassessing TAPI’s…

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PM Shehbaz Secures $4.2bn Chinese Investment, Calls Beijing a Role Model for Development

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New-Project11

BEIJING: Prime Minister Shehbaz Sharif has hailed China’s development as a model for Pakistan, reaffirming that the country remains fully open to Chinese investors. Addressing the second Pakistan–China Business-to-Business (B2B) Investment Conference in Beijing, he termed the gathering a milestone in attracting multi-billion-dollar investments and strengthening economic cooperation. The premier lauded the decades-long Pakistan–China friendship, recalling that President Xi Jinping’s 2015 visit to Islamabad laid the groundwork for the China–Pakistan Economic Corridor (CPEC), which has since transformed infrastructure, energy, agriculture, and industry in Pakistan. He invited Chinese industries to establish…

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Leghari, ADB Delegation Discuss Energy Reforms, Privatization and Green Financing

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Asian-Development-Bank

ISLAMABAD: Federal Minister for Energy Sardar Awais Ahmad Khan Leghari held talks with an Asian Development Bank (ADB) delegation led by Director of Energy Joonho Hwang on Thursday, focusing on reforms, privatization, and clean energy initiatives in Pakistan’s power sector. The minister said the government has prioritized structural reforms, including the privatization of three Distribution Companies (DISCOs) in the first phase under the Public-Private Partnership (PPP) model. He acknowledged ADB’s longstanding support in promoting PPP frameworks and integrated energy planning, adding that both technical assistance and investment will be critical…

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