Year: 2025

Sindh Government to Slash E-Challan Fines Amid Public Backlash

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E-Challan

KARACHI: Responding to mounting public and political pressure, the Sindh government has decided to significantly reduce fines under its recently introduced AI-based e-ticketing system, “Tracs.” The automated system, launched only weeks ago, came under fire after traffic police issued nearly 30,000 challans in a short span, sparking criticism over what many called “excessive and revenue-driven” penalties. Officials now plan to rationalize the fine structure to ease public resentment while affirming that the system itself will continue to function. Inspector General of Police (IGP) Sindh, Ghulam Nabi Memon, defended the initiative,…

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Pakistan Strengthens Energy Mix with Second U.S. Crude Oil Shipment

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New-Project115

KARACHI: Pakistan has received its second shipment of American crude oil, marking a significant move toward diversifying its energy imports and enhancing cost efficiency. The vessel MT Albany, carrying one million barrels of premium West Texas Intermediate (WTI) crude, arrived at Cnergyico’s offshore Single Point Mooring (SPM) terminal near Hub, Balochistan, on November 10, 2025. This follows the country’s first-ever U.S. crude import in October and precedes a third cargo scheduled for January 2026. Collectively, the three shipments represent an investment exceeding $200 million as Pakistan gradually reduces its reliance…

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Saudi Arabia, Iraq, and Kuwait Boost Oil Exports to India as Russian Supplies DeclineOPEC producers regain market share amid tightening Western sanctions on Moscow

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New-Oil1

NEW DELHI: Major Middle Eastern oil producers — Saudi Arabia, Iraq, and Kuwait — are set to increase crude oil supplies to India in December, as Indian refiners pivot away from Russian barrels amid growing Western sanctions, refinery sources said on Tuesday. The shift marks a resurgence for OPEC suppliers in India, the world’s third-largest oil consumer and importer, as refiners seek stable supply sources following recent trade disruptions involving Russia. According to officials from four Indian refining companies, the refiners have received full crude allocations in line with their…

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Global Oil and Gas Demand May Keep Rising Until 2050, IEA Warns in New OutlookAgency says world likely to miss climate goals as fossil fuel consumption remains strong

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New-Oil

LONDON: In a major revision of its long-term projections, the International Energy Agency (IEA) has said that global oil and gas demand could continue to grow until 2050, signaling that the world is unlikely to meet its climate targets despite decades of pledges to transition toward cleaner energy. The findings, published in the IEA’s World Energy Outlook 2025, mark a sharp shift from its earlier forecasts that global oil demand would peak this decade. The agency — traditionally seen as the West’s energy security watchdog — now predicts that under…

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Nepra Rebukes Power Division Over Hasty Industrial Tariff ProposalRegulator warns against bypassing due process as industry terms package inadequate

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New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday admonished the Power Division for attempting to rush through approval of its proposed discounted electricity package for industrial and private agricultural consumers without prior consultation. “You are compromising your case by seeking instant regulatory approval. This is unfair to the regulator and those who make payments,” said Nepra’s Sindh Member (Technical), Rafique A. Shaikh, during a public hearing led by Nepra Chairman Waseem Mukhtar. His remarks came after a Power Division team, headed by Additional Secretary Mehfooz Bhatti, sought immediate…

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