Day: April 25, 2026

Increased SBP facilitation: Import of oil, POL items, LNG in focus

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state of bank

KARACHI: The State Bank of Pakistan (SBP) on Thursday empowered banks to issue Financial Instruments (FIs) at the time of registration of import contracts for crude oil and petroleum products, citing the prevailing geopolitical situation. The SBP has also allowed banks to issue Standby Letters of Credit (SBLCs) to facilitate the import of crude oil, petroleum products and liquefied natural gas (LNG). The SBP has announced amendments to instructions relating to “Imports under Pakistan Single Window (PSW)-Financial Instrument Details” and “Guarantees on behalf of Residents of Pakistan in favor of…

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Petroleum Div decides to float spot tenders for LNG

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Mari-Petroleum

ISLAMABAD: The Petroleum Division has reportedly decided to float spot tenders for Liquefied Natural Gas (LNG) following a decision taken by the National Coordination and Management Council (NCMC), aimed at restoring operations of RLNG-fired power plants with a cumulative capacity of over 5,500 MW. These plants are currently shut down due to suspension of LNG supplies from Qatar owing to declaration of force majeure, well-informed sources told Business Recorder. Prime Minister Shehbaz Sharif had constituted the NCMC as a central platform, comprising representatives from federal and provincial stakeholders, to facilitate informed…

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The Federation of Pakistan Chambers of Commerce & Industry (FPCCI)

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FPCCI

25th April 2026 FPCCI Announces Formation of National Committees on International Forums to Strengthen Global Engagement Atif Ikram Sheikh, President FPCCI Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has announced the formation of National Committees on various international forums including ECO CCI, Pakistan–EU Business Forum, CACCI, Pakistan–ASEAN Business Forum, Commonwealth, D-8 CCI and OIC – and, has also launched their membership drive among trade bodies, chambers and associations across the country. Mr. Atif Ikram Sheikh stated that this important initiative will significantly enhance Pakistan’s effective representation and proactive participation in…

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