Day: October 22, 2026

ISLAMABAD: The government has yet to approve a proposed $2 billion liquefied natural gas (LNG) import plan to meet Pakistan’s winter gas demand, despite warnings from the Petroleum Division that further delays could lead to supply disruptions for industries, power plants and fertiliser manufacturers. According to government officials, the Petroleum Division has sought approval from the Cabinet Committee on Energy (CCOE) to arrange 22 LNG cargoes for the November 2026 to February 2027 period, with supplies intended for residential consumers and the power sector. The proposed imports include cargoes from…

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ISLAMABAD: The Directorate General of Customs Valuation Karachi has revised customs values for imported coal from all origins, linking the valuation benchmark to internationally published Argus prices plus actual freight. Under Valuation Ruling No. 70/2026, issued on October 12, 2026, the new mechanism will apply to coal imported under Pakistan Customs Tariff (PCT) codes 2701.1200 and 2701.1900. The applicable Argus price will be determined with reference to the date of the letter of credit (L/C). The revised ruling supersedes Valuation Advice No. 01/2023, issued on September 12, 2023, by the…

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ISLAMABAD: The Privatisation Commission has proposed a major restructuring of Pakistan’s power distribution sector, recommending the separation of electricity distribution networks from competitive supply businesses to improve efficiency, attract private investment and create opportunities for reducing electricity tariffs. According to the commission’s policy paper, Post-Privatisation Regime for Power Distribution Companies, the proposed framework would divide the electricity value chain into four functions: Distribution Network Operators (DNOs), Competitive Suppliers (CSs), Supplier of Last Resort (SoLR) and ring-fenced ancillary businesses. Under the proposed model, DNOs would own, operate and maintain distribution networks…

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KARACHI: Pakistan’s proposed Auto Policy 2026-31 could significantly reduce electric vehicle (EV) prices by revising sales taxes and import duties, with some battery electric vehicle (BEV) models potentially becoming around 22 per cent cheaper, according to preliminary industry estimates. According to Topline Securities, the draft policy proposes maintaining the 1 per cent general sales tax (GST) on BEVs, while setting GST at 9pc for plug-in hybrid electric vehicles (PHEVs) and 6pc for range-extended electric vehicles (REEVs). Under the proposed changes, BEVs with import values below $15,000 could see price reductions…

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KARACHI: MMG Engineering Associates (Pvt.) Ltd. has successfully completed and commissioned two 7.5-megawatt (MW) wind turbines and a 19 MW solar power system integrated with a microgrid at Premium Textile Mills Ltd., bringing the project’s total installed renewable energy capacity to 34 MW. According to the company, the integrated wind and solar project is expected to reduce carbon emissions by approximately 50,000 tonnes of carbon dioxide (CO₂) annually. The project highlights the potential of combining multiple renewable energy sources with microgrid technology to support more sustainable and efficient energy generation…

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