Day: September 12, 2026

KARACHI: Sindh Senior Minister for Information, Transport and Mass Transit Sharjeel Inam Memon has termed prolonged electricity loadshedding in the province a serious governance failure, accusing power distribution companies of incompetence and mismanagement and calling for stronger accountability. Speaking in the Sindh Assembly on Friday, Memon said HESCO, SEPCO and K-Electric had failed to provide basic electricity services to consumers in their respective areas despite being responsible for power distribution. “Loadshedding is the highest example of governance failure in Pakistan,” he said, adding that the issue had repeatedly been raised…

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ISLAMABAD: Pakistan’s Federal Board of Revenue (FBR) has extended the sales tax exemption on imported CKD kits for specified electric vehicles (EVs) until June 30, 2027, providing another year of policy continuity for the local EV industry. Under the 2026–27 budget instructions, the exemption that was due to expire on June 30, 2026, has been extended for one year. Specified EVs will also continue to benefit from the reduced 1% sales tax rate until June 30, 2027. The government has additionally retained reduced sales tax treatment for electric trucks in…

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RIYADH: Saudi Arabia temporarily suspended operations on a crucial oil pipeline after drones launched from Iraqi territory targeted the facility, causing injuries and damage, Saudi authorities said on Friday. The East-West pipeline, which connects Abqaiq in eastern Saudi Arabia with the Red Sea port of Yanbu, has become increasingly important as Riyadh seeks to bypass disruptions to shipping through the Strait of Hormuz amid the ongoing regional conflict. Saudi Arabia’s Foreign Ministry condemned the attack, saying several drones originating from Iraq targeted the pipeline in the Riyadh and Madinah regions.…

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DHAKA: Bangladesh plans to expand its liquefied natural gas (LNG) import infrastructure with two new terminals by 2030 to meet growing demand for the fuel, a senior government official said. State Minister for Power, Energy and Mineral Resources Anindya Islam Amit said Bangladesh plans to commission a new floating storage and regasification unit (FSRU) by 2028 and develop a land-based LNG import terminal at Matarbari by 2030. The new FSRU, planned for Moheshkhali Island in Cox’s Bazar, will have a regasification capacity of around 600 million cubic feet per day…

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved the Integrated System Plan (ISP) 2025, envisaging an investment of around $58 billion in the power generation and transmission sectors over the next 11 years, despite serious reservations from the regulator’s members. Nepra approved the 2025-35 planning document in a 45-page decision, while all three members of the Authority, including the chairman, recorded more than 12 pages of dissenting or separate advisory notes. The members raised questions over the inclusion and exclusion of major projects and the alleged bypassing of…

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