Day: September 11, 2026

Sindh Govt to Seek Cabinet Nod for Logistics Park, 500 Electric Buses

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KARACHI: The Sindh government’s Transport Department has decided to seek approval from the provincial cabinet for the establishment of a logistics park and procurement of 500 electric buses as part of efforts to expand the mass transit network and promote modern, environment-friendly public transport across the province. The decision was taken at a meeting of the Sindh Mass Transit Authority (SMTA) Board chaired by Sindh Senior Minister for Information and Transport Sharjeel Inam Memon on Thursday. The meeting reviewed various matters related to the expansion of the mass transit system,…

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New 30- and 40-Year Agreements with IPPs Revealed

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IPPs

ISLAMABAD: While the government has repeatedly claimed that it is seeking to reduce its dependence on Independent Power Producers (IPPs), the disclosure of new agreements extending for 30 and 40 years has raised questions about the government’s power-sector policy. Details of the agreements signed with various IPPs, including their effective periods, have come to light. The current government has also reportedly entered into new agreements with four IPPs. According to the details, four such agreements were signed in 2025. Among them, the government signed a 30-year agreement with Jamshoro Coal…

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Nepra Raises Questions Over Rs9.40/Unit Tariff Sought for Suki Kinari Hydropower Project

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has raised more than a dozen questions over a proposed tariff modification for the 884-MW Suki Kinari Hydropower Project, with the project company seeking to increase its levelised tariff from Rs9.04 to Rs9.40 per unit, an increase of around 4 per cent. According to documents, a significant portion of the proposed increase is linked to a sharp rise in the Water Use Charge (WUC), which the project company has proposed increasing from Re0.15 to Re0.425 per kWh — an increase of approximately…

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Refinery Upgrade Agreement Finalised, Sent to ECC for Approval

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ISLAMABAD: The Petroleum Division has finalised the plant upgrade agreement for Pakistan’s existing refineries and submitted it to the Economic Coordination Committee (ECC) for approval, paving the way for implementation of the amended Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023. The agreement was finalised after consultations among the Petroleum Division, Law and Justice Division, Oil and Gas Regulatory Authority (Ogra), Special Investment Facilitation Council (SIFC), Finance Division, Inter State Gas Systems (ISGS), refineries and other stakeholders. The Petroleum Division has sought the ECC’s approval to operationalise the…

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Business Community Urges Govt to Replace Daily Fuel Pricing with 15-Day Cycle

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KARACHI: The business community has urged the government to review the existing tax and levy structure on petroleum products and reconsider its policy of revising fuel prices on a daily basis, saying frequent price changes are making it increasingly difficult for businesses to determine production costs and plan commercial activities. Korangi Association of Trade and Industry (KATI) President Muhammad Ikram Rajput said frequent increases in petroleum prices were creating significant difficulties for industry and adding to economic uncertainty rather than promoting stability. He noted that petrol and diesel prices had…

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