Islamabad: September 17, 2026 Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with representatives of petroleum pump and dealers associations to brief them on the mechanism for implementation of the Prime Minister’s Fuel Relief Scheme. The representatives were given a detailed briefing on the operational mechanism of the relief scheme, including the process for providing relief to eligible consumers. Queries and concerns raised by the petroleum pump and dealers associations were addressed during the meeting. The State Bank of Pakistan briefed the participants on the reimbursement mechanism and…
Read MoreDay: September 17, 2026
Pakistan developing virtual grid system as govt prepares for battery revolution, says energy minister
The government is developing a virtual grid system that would allow consumers to generate and store electricity as Pakistan prepares for what the energy minister described as a “battery revolution” in the power sector. Federal Minister for Energy Awais Leghari said regulations for virtual grids were under development and were expected to be finalised by the last quarter of the current fiscal year. The government has also directed power distribution companies (Discos) to install grid batteries as part of efforts to expand energy storage and improve the electricity system. “A…
Read MorePakistan announces austerity measures to conserve fuel as Gulf conflict spirals
Sept 17 (Reuters) – Pakistan announced on Thursday a cut in fuel for official vehicles, bans on vehicle purchases by the state, foreign visits by officials, and official dinners, as part of a slew of austerity measures in a bid to conserve energy as fuel prices spike due to the Gulf conflict. ($1 = 277.0500 Pakistani rupees)
Read MoreEnergy disruption hits Bangladesh and Pakistan as Gulf crisis worsens
In Dhaka, the capital of Bangladesh, Parvin Akter times her cooking to the neighbourhood’s availability of piped gas. With gas in intermittent supply as a result of a global energy crunch, she now sometimes has to wait until midnight to cook her dinner. Even switching to an induction cooker has not helped, as power outages often leave food half-cooked. More than 2,000 kilometres away in Pakistan, the government has started a fuel subsidy that went into effect on Wednesday to ease the sharp rise in fuel prices. Vehicle owners have…
Read MoreAdviser to the Prime Minister on Privatisation, Muhammad Ali highlights future road map for economic growth at Leaders in Islamabad Business Summit 2026
The Adviser to the Prime Minister on Privatisation, Chairman Privatisation Commission and Public Private Partnership Authority (P3A) speaking at the Leaders in Islamabad Business Summit 2026., on the theme “The Next Move- Pakistan’s Next Phase of Growth, Investment and Competitiveness”, emphasized the need for strategic shift from economic stabilisation toward generational growth, building market competitiveness through innovation, enabling the private sector and developing credible public policy framework.” Muhammad Ali highlighted recent macroeconomic gains and the stability achieved through tough decisions, and said that stability is merely a launchpad for a…
Read More