Day: December 19, 2025

ISLAMABAD: Amid a worsening power crisis and a prolonged transport shutdown, the export-oriented industry has sought urgent government intervention, calling for relief measures to prevent further production losses and export setbacks. In a letter dated December 17, 2025, the All Pakistan Textile Mills Association (Aptma) appealed to Minister for Petroleum and Natural Resources Ali Pervaiz Malik to grant a two-month waiver of the off-the-grid levy on gas-based captive power plants for December and January. Aptma cited severe power supply disruptions caused by dense fog and system constraints, which have resulted…

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ISLAMABAD: GROWATT energised Pakistan’s renewable energy sector by hosting its landmark convergence, “Together We Shine, Lighting Up Pakistan,” on December 9, 2025, at the Best Western Hotel, Islamabad. The event marked a historic milestone for the country’s solar industry, drawing more than 300 distinguished participants—the highest-ever attendance for a gathering of its kind in Pakistan’s solar market. The convergence brought together industry leaders, policymakers and key stakeholders to celebrate collective achievements and outline an ambitious roadmap for a sustainable energy future. Prominent speakers included Mr Hasnat Khan, Senior Vice President…

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BEIJING: China’s exports of refined oil products declined 2.2 per cent year-on-year in November, although shipments rose sharply on a month-on-month basis, according to customs data released on Thursday. Total refined oil exports—including diesel, gasoline, aviation fuel and marine fuel—stood at 5.12 million metric tons in November, up 13.3 per cent from 4.52 million metric tons in October. Cumulatively, China exported 52.65 million metric tons of refined oil during January–November, marking a 3.2 per cent decline compared to the same period last year. Gasoline exports fell sharply to 610,000 metric…

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ISLAMABAD: The privatisation of key power sector assets—including two power plants and three electricity distribution companies (DISCOs)—along with the sale of a majority stake in Pakistan International Airlines (PIA), moved closer to implementation on Thursday as officials briefed a Senate panel on the government’s roadmap and timelines. The Senate Standing Committee on Privatisation, chaired by Senator Afnanullah Khan, was informed that the Guddu and Nandipur power plants are fully prepared for privatisation. Officials also said preparatory work has been completed for the first-phase sale of Islamabad Electric Supply Company (IESCO),…

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ISLAMABAD: The federal government has projected petroleum levy collections of Rs1.468 trillion for the ongoing fiscal year 2025-26, with annual revenues expected to rise sharply to Rs2.212 trillion by FY2029-30, according to estimates cited in an International Monetary Fund (IMF) report. Official figures show that more than Rs650 billion has already been collected during the first five and a half months of the current fiscal year, indicating strong momentum in levy receipts. The IMF projections point to a steady upward trend in petroleum levy revenues as part of Pakistan’s broader…

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