Day: August 10, 2026

Pakistan Moves to Create New Gateway for Global Oil Suppliers **ISLAMABAD:** Pakistan is moving to establish a new mechanism allowing international oil suppliers to import petroleum products into the country, store them in customs-bonded facilities and sell them to local oil marketing companies and refineries or re-export them, potentially strengthening energy security and positioning Pakistan as a regional petroleum trading hub. The Petroleum Division has forwarded its **168-page Policy Guideline on Import on Foreign Suppliers’ Account through Customs Bonded Storage Facilities-2026** to the Economic Coordination Committee (ECC) for approval. The…

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Tarbela Reaches Maximum Level as Pakistan’s Water Reserves Rise to 10.428 MAF **ISLAMABAD:** Pakistan’s water storage position has improved significantly as Tarbela Dam reached its maximum conservation level of 1,550 feet, with stored water rising to 5.580 million acre-feet (MAF). The development pushed the total water stored in the country’s major dams and barrages to 10.428 MAF, against an overall storage capacity of 13.149 MAF. According to the latest data, total water inflows into the country stood at 342,400 cusecs, while outflows were recorded at 287,900 cusecs. The Indus River…

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Minister Calls for Recognition of Traditional Knowledge of Coastal Communities **ISLAMABAD:** Maritime Affairs Minister Junaid Anwar has called for greater recognition of the traditional ecological knowledge held by coastal communities, saying it can play an important role in climate adaptation, marine conservation and sustainable fisheries. In a statement issued in connection with the International Day of the World’s Indigenous Peoples, observed on Sunday under the United Nations’ 2026 theme, **“Honouring Indigenous Midwives: Safeguarding Life and Well-being,”** the minister highlighted the importance of preserving traditional and indigenous knowledge systems and ensuring…

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NEPRA Approves 30-Year Tariff of 9.3843 Cents/kWh for 102MW Gulpur Hydropower Project **ISLAMABAD:** The National Electric Power Regulatory Authority (NEPRA) has approved a levelised tariff of US cents 9.3843 per kWh for 30 years for the 102-megawatt run-of-the-river Gulpur Hydropower Project, developed by Mira Power Limited (MPL) in Azad Jammu and Kashmir (AJ&K). According to NEPRA’s latest determination, the approved generation tariff has been set at Rs17.3751 per kWh for the first 12 years and Rs8.2686 per kWh for the remaining 18 years, resulting in a levelised tariff of Rs14.8507…

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