Day: November 4, 2026

KARACHI: Pakistan’s four refineries have jointly urged the government to immediately withdraw the revised motor spirit (MS) pricing mechanism, warning that the imposition of a Rs49 per litre petroleum levy differential on local refineries could undermine their financial viability and jeopardise billions of rupees in investments committed under the Brownfield Refining Policy. In a joint letter to the federal minister for petroleum, Attock Refinery Limited, Cnergyico PK Limited, National Refinery Limited and Pakistan Refinery Limited protested against unilateral changes to the MS pricing mechanism, which took effect on October 31.…

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KARACHI: Communities affected by coal mining and power generation projects in Thar have called for affordable and uninterrupted electricity, safe drinking water, employment opportunities, fair compensation and a transparent resettlement policy, highlighting concerns over the distribution of benefits from large-scale energy investments. The demands were raised during the opening day of the two-day Sindh Energy and Climate Conference, held at a local hotel on Tuesday. The event brought together policymakers, government officials, energy experts, climate activists, civil society organisations, political representatives and members of affected communities to discuss energy development,…

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KARACHI: Ningbo Green Light Energy Limited (NGLEL), a solar energy solutions provider, has been listed on the main board of the Pakistan Stock Exchange (PSX), marking the successful completion of Pakistan’s first-ever Special Purpose Acquisition Company (SPAC) transaction. The PSX organised a gong ceremony on Tuesday to celebrate the company’s listing, which represents a significant development for Pakistan’s capital market and opens new avenues for businesses seeking alternative routes to raise investment and access the stock exchange. NGLEL operates in solar engineering, procurement and construction (EPC), system integration, and operations…

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ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has introduced gas load management for domestic consumers in Islamabad, Punjab and Khyber Pakhtunkhwa, restricting supplies to three daily cooking-time slots from Wednesday as declining liquefied natural gas (LNG) availability and rising winter demand intensify pressure on the country’s gas supply system. Under the revised schedule, domestic consumers will receive gas during the following hours: Breakfast: 6:30am to 9:00am Lunch: 12:00 noon to 2:30pm Dinner: 6:00pm to 9:00pm The restrictions also cover Islamabad, with the government prioritising household consumption to manage limited gas…

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ISLAMABAD: The federal government has approved a new liquefied petroleum gas (LPG) policy, directing four state-owned enterprises (SOEs) to resume LPG imports through government-to-government (G2G) and business-to-business (B2B) arrangements to address supply shortages, curb excessive prices and introduce greater competition in the market. At the same time, the Power Division has projected an increase of Rs2-4 per unit in electricity purchase costs for 2027, raising concerns about further pressure on electricity tariffs. Announcing the LPG policy at a press conference at Pakistan Television (PTV) headquarters, Petroleum Minister Ali Pervaiz Malik…

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