Day: October 16, 2026

Germany, Pakistan Seek to Strengthen Cooperation as Diplomatic Ties Mark 75 Years

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New-Project62

ISLAMABAD: Germany and Pakistan are looking to expand cooperation in trade, education, development and culture as the two countries mark the 75th anniversary of the establishment of diplomatic relations, German Ambassador Ina Lepel said on Thursday. Addressing a German Unity Day reception in Islamabad, Ambassador Lepel highlighted the longstanding friendship between the two countries and called for stronger bilateral ties through high-level exchanges and closer people-to-people contacts. “There is still a lot of work to do in all fields of cooperation, but looking at Germany’s and Pakistan’s enduring friendship, we…

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Refineries Produce 92,482 Tonnes of LPG in July-August FY27

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New-Project63

KARACHI: Pakistan’s refineries produced 92,482 tonnes of liquefied petroleum gas (LPG) during July and August of fiscal year 2026-27, making it the largest category among reported non-energy petroleum products, according to oil sector data.LPG accounted for approximately 49.5% of the combined output of the reported product categories during the two-month period. The fuel is widely used for household cooking and commercial purposes, particularly in areas with limited access to pipeline natural gas. However, refinery production represents only one component of Pakistan’s total LPG supply.Asphalt ranked second, with production of 30,981…

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Pakistan’s Mineral Wealth Estimated at $6–8 Trillion, PIDE Report Says

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US-Minerals

ISLAMABAD: Pakistan’s mineral wealth is estimated at $6 trillion to $8 trillion, according to government-affiliated estimates cited in a recent policy analysis by the Pakistan Institute of Development Economics (PIDE), which calls for a shift from raw material extraction to domestic processing and industrial value addition. The report, titled “The New Mineral Geopolitics: Why Pakistan Must Move Beyond Extraction,” examines the growing global competition for critical minerals and the opportunities and challenges facing Pakistan. Pakistan’s mineral potential spans nearly 600,000 square kilometres and includes 92 known minerals, of which 52…

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September Fuel Cost Adjustment Capped at Rs2.56 per Unit

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New-Project61

ISLAMABAD: The government has contained the fuel cost adjustment (FCA) for electricity consumption in September at Rs2.56 per unit, compared with an earlier projection of Rs5 to Rs6, preventing an additional burden of up to Rs3.44 per unit on consumers, the Power Division said on Thursday. According to the division, the reduction was achieved through targeted load management and measures to limit electricity generation from expensive fuels, including furnace oil and high-speed diesel. The Power Division said limited load management was carried out for approximately 2 to 2.5 hours during…

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PM Shehbaz Rejects LPG Auction Plan Without Legal and Policy Framework

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lpg

ISLAMABAD: Prime Minister Shehbaz Sharif has rejected a proposal to auction liquefied petroleum gas (LPG) produced by state-owned enterprises (SOEs), citing the absence of a comprehensive legal, regulatory and policy framework. An official told Dawn that the prime minister called for a comprehensive policy revision supported by appropriate legislation and regulations before any transaction could proceed, in order to avoid unnecessary controversy. He declined to approve interim arrangements, effectively halting the auction results of three major public-sector LPG producers announced on August 10. Approval of the bidding results was estimated…

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