Day: September 5, 2026

KARACHI PORT TRUST COLLECTS OVER 34 TONNES OF MARINE DEBRIS DURING WEEKLY CLEAN-UP DRIVE

Admin

Karachi, 5 September 2026: Karachi Port Trust (KPT) continued its commitment to maintaining a clean, safe and environmentally sustainable harbour by collecting 34,650 kilograms of floating marine debris during its weekly clean-up operations conducted from 29 August to 4 September 2026. The clean-up campaign was carried out by the Marine Pollution Control Department (MPCD), KPT, at key harbour locations including East Wharf, West Wharf, Oil Piers and Boat Basin Jetty. As part of the systematic operation, 51 boat deployments were carried out, with 159 personnel actively participating in the collection…

Read More

Chairman WAPDA Visits Mohmand Dam Project: Reviews Construction Progress

Admin

September 3, 2026: Chairman WAPDA Lt Gen Muhammad Saeed (Retd) today visited Mohmand Dam Hydropower Project being constructed across River Swat in Mohmand District, Khyber Pakhtunkhwa. Member Water Asim Rauf Khan accompanied him. During the visit, the Chairman reviewed construction activities at key sites, with particular focus on the Main Dam and Power House. Speaking on the occasion, the Chairman WAPDA said that Mohmand Dam is a strategic national project that will augment Pakistan’s water, food and energy security. He also directed WAPDA’s Project Team, Consultants and Contractors to enhance…

Read More

Refining Industry Warns Fuel Pricing Changes Could Threaten Billions in Upgrades

Admin

ISLAMABAD: Pakistan’s latest moves to revise the petroleum pricing mechanism have triggered concern in the refining industry, with executives warning that repeated changes to refinery economics could weaken cash flows, undermine investor confidence and jeopardise billions of dollars in planned modernisation projects. Sources familiar with the proceedings said KPMG proposed at a September 2 Pricing Committee meeting to further reduce the high-speed diesel (HSD) crack-spread cap, currently around $41.8 per barrel. The proposal has raised concerns among refiners, particularly because the government has already modified various elements of the petroleum…

Read More

Pakistan Rejects $26.71 LNG Bid Amid Rising Global Prices

Admin

ISLAMABAD: Pakistan has once again rejected a spot LNG cargo offered by BP Singapore at $26.7128 per MMBtu, as soaring international prices and heightened shipping risks around the Strait of Hormuz make spot procurement increasingly expensive. The offer, submitted for delivery from September 8–12, was the lowest of two bids received by Pakistan LNG Limited (PLL). PetroChina quoted $26.98 per MMBtu. The PLL Board had earlier rejected another BP Singapore bid of $26.969 per MMBtu for the September 4–8 delivery window, citing the high cost. “Obviously, the Friday bid of…

Read More

Diesel Price May Fall by Up to Rs20 per Litre as Government Cuts HSD Crack Spread

Admin
Petrol-Diesel

ISLAMABAD: The government is considering a further reduction in the high-speed diesel (HSD) crack spread from $41.8 to $30 per barrel, a move that could lower the retail price of diesel by around Rs18–20 per litre in one go. Under the proposed mechanism, the HSD crack spread would be linked to the landed cost of crude oil for each refinery. The arrangement would remain in effect until the crisis surrounding the Strait of Hormuz eases, according to a senior Petroleum Division official. The government had previously reduced the HSD price…

Read More