Day: October 13, 2025

China’s September Coal Imports Hit Nine-Month High Amid Rising Domestic Prices

Admin
New-Project58

BEIJING, Oct 13 (Reuters): China’s coal imports climbed to a nine-month high in September, as surging domestic coal prices boosted the competitiveness of imported supplies, official data from the General Administration of Customs showed on Monday. The world’s largest coal consumer imported 46 million metric tons of coal last month — the highest since December 2024 — though slightly below the record 47.59 million tons imported in September 2024, when lower international prices had driven a surge in purchases. That record was later surpassed in November 2024, making September 2024…

Read More

China’s September Oil Imports Rise 3.9% Year-on-Year, Slip 4.5% from August

Admin
Oil prices

BEIJING, Oct 13 (Reuters): China’s crude oil imports increased 3.9% year-on-year in September, driven by strong refinery activity as facilities operated at their highest utilisation rates of 2025, official data showed. However, on a month-on-month basis, imports fell 4.5% due to tighter quotas and reduced seaborne shipments. According to the General Administration of Customs, China — the world’s largest crude importer — brought in 47.25 million metric tons of crude oil in September, equivalent to 11.5 million barrels per day. Chinese refineries ramped up production amid robust domestic supply, with…

Read More

PBF Calls for Immediate Reduction in Taxes and Power Tariffs to Revive Business Confidence

Admin

LAHORE: The Pakistan Business Forum (PBF) has urged the government to cut excessive taxes and high electricity tariffs, warning that current economic policies are strangling business growth, discouraging investment, and eroding competitiveness in both domestic and export markets. Addressing a press conference in Sargodha, PBF Chief Organiser Chaudhry Ahmad Jawad called for a Charter of Economy to be adopted by Parliament to ensure policy continuity and long-term economic stability. He stressed that businesses are overburdened, with nearly 45 percent of their income absorbed by taxes, making sustainable operations increasingly unviable.…

Read More

KAPCO Seeks Nepra Clarification to Ensure Tariff Continuity and Grid Stability

Admin
New-KAPCO

ISLAMABAD: The Kot Addu Power Company Limited (KAPCO) has formally requested the National Electric Power Regulatory Authority (Nepra) to clarify and rectify its recent tariff order, emphasizing the need for regulatory consistency and system reliability. The company warned that uncertainty regarding its tariff validity could jeopardize grid stability in southern Punjab, according to sources in Nepra. In a letter to Nepra Chairman, KAPCO Chief Executive Officer Shahab Qader Khan sought explicit confirmation that the company’s tariff for its 495MW Combined Cycle Power Plant (CCPP) remains valid for the full three-year…

Read More

Pakistan’s Energy Sector Undergoes Major Transformation: SIFC

Admin
Power-IPP

ISLAMABAD: Pakistan’s energy sector is entering a new phase of reform and revitalization, driven by key initiatives under the Special Investment Facilitation Council (SIFC) aimed at achieving self-reliance, reducing circular debt, and attracting large-scale investments in power generation and resource exploration. According to SIFC officials, a comprehensive strategy is underway to curb circular debt through policy-level reforms designed to stabilize the sector, enhance financial discipline, and restore investor confidence. To meet regional energy demands, major power projects are advancing in Sukkur and southern Sindh, while new hydro and solar energy…

Read More