Day: October 21, 2026

KARACHI: Engro Fertilizers and Mari Energies have signed a Memorandum of Understanding (MoU) to jointly plan and implement community development programmes across areas where both companies operate. The partnership aims to combine Mari Energies’ longstanding experience in community development with Engro Fertilizers’ agricultural expertise to expand the reach and impact of social initiatives. Under the collaboration, the companies will focus on supporting farmers through improved access to quality agricultural inputs and the promotion of balanced nutrient use to enhance crop yields and increase farm incomes. The initiative will also support…

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ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik has defended the government’s decision to revise petroleum prices daily, saying the mechanism allows domestic prices to reflect international market trends more promptly and helps maintain an uninterrupted fuel supply. Responding to a Calling Attention Notice in the National Assembly, Malik said the Oil and Gas Regulatory Authority (OGRA) determined prices through a transparent mechanism based on the seven-day rolling average of international oil prices. He said prices, previously revised annually and later monthly, were now adjusted daily to reflect changing market…

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ISLAMABAD: Pakistan and the United States have made substantial progress on key provisions of a proposed bilateral reciprocal trade agreement, with only a few technical issues remaining for discussion with the Office of the US Trade Representative (USTR), Commerce Secretary Jawad Paul has said. The progress was reviewed during a meeting between Federal Minister for Commerce Jam Kamal Khan and US Chargé d’Affaires Natalie A. Baker to discuss bilateral economic relations, market access and cooperation in agriculture, minerals, technology and investment, according to an official statement issued on Tuesday. Both…

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ISLAMABAD: Oil refineries have agreed to reduce their margins on high-speed diesel (HSD) by a further $3.9 per barrel at the government’s request, contributing to a reduction of Rs7.69 per litre in diesel prices on October 19. The decision followed consultations between Petroleum Minister Ali Pervaiz Malik and executives of five refineries: Attock Refinery, National Refinery, Cnergyico Pk, Pakistan Refinery and Pak-Arab Refinery. During a meeting on Monday, the industry agreed to extend further relief to consumers despite mounting financial pressures linked to international crude oil prices. Following the consultations,…

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ISLAMABAD: The Punjab Power Development Company Limited (PPDCL) faced strong opposition from other power-sector entities and questions from the regulator on Tuesday over its request to increase electricity tariffs for three hydropower projects by more than Rs3 per unit. The National Electric Power Regulatory Authority (NEPRA) held a public hearing to examine PPDCL’s petition concerning the Chianwali, Marala and Pakpattan hydropower projects. During the proceedings, the company stated that the existing total fixed charge stood at Rs7.4316 per kilowatt-hour (kWh), amounting to Rs371.54 million, and sought an increase to Rs10.9133…

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