Day: October 6, 2026

KARACHI: The Korangi Association of Trade and Industry (KATI) and its Executive Committee have nominated prominent industrialist and business leader SM Tanveer as its candidate for the presidency of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the 2026-28 term. Tanveer, who serves as Patron-in-Chief of both KATI and the United Business Group (UBG), has received the backing of the KATI leadership for the top position of the country’s apex business body. According to a statement issued by KATI on Monday, the association expressed confidence that Tanveer’s…

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KARACHI: Federal Climate Secretary Awais Manzur Sumra visited Dawlance’s DPL1 manufacturing facility in Karachi to review the company’s conversion to cyclopentane technology for refrigerator and freezer insulation, the company said on Monday. The September 24 visit was attended by officials from the Pakistan Environmental Protection Agency (Pak-EPA) and the ministry’s National Ozone Unit. According to the company, the conversion is being carried out with financial and technical assistance from the United Nations Industrial Development Organisation (UNIDO) and the National Ozone Unit. Cyclopentane, used in insulation foam, has zero ozone-depleting potential…

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KARACHI: The Oil and Gas Regulatory Authority (Ogra) has authorised four local refineries to export a combined 195,000 tonnes of furnace oil (FO), including high-sulphur furnace oil (HSFO), during October 2026. According to separate permissions issued by Ogra, Pak Arab Refinery Limited (Parco) has been allowed to export 60,000 tonnes of furnace oil during the month, with a tolerance of plus or minus 10 per cent. National Refinery Limited (NRL) has received permission to export 40,000 tonnes, also with a plus or minus 10pc tolerance. The approval specifically covers high-sulphur…

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ISLAMABAD: Pakistan has decided to seek three LNG cargoes from Qatar during October as uncertainty over supplies through the Strait of Hormuz persists, while the government prepares to engage Iranian authorities to facilitate the safe passage of LNG vessels. The move comes after Qatar Energy extended its force majeure on LNG supplies to Pakistan until November 4, raising concerns that disruptions could continue into the winter and affect deliveries under Pakistan’s long-term LNG supply agreements. The government is racing to secure sufficient LNG supplies ahead of peak winter demand, particularly…

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LONDON: Global oil stockpiles have become “scarily thin” amid the ongoing US-Iran war, Saudi Aramco Chief Executive Amin Nasser warned on Monday, as concerns over global supply resilience continue to mount. Speaking at the Energy Intelligence Forum in London, Nasser said the global oil supply system was already under considerable strain, with limited additional capacity available to absorb further disruptions. “The system is already straining,” Nasser said, warning that the world had very few alternatives to rely on and that the remaining supply resilience cushion was “scarily thin.” His comments…

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