Year: 2026

Budget 2026-27 Announcement Uncertain as Centre, Provinces Remain at Odds Over Fiscal Demands

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Budget

ISLAMABAD: The presentation of Pakistan’s federal budget for 2026-27 has been thrown into uncertainty after the meeting of the National Economic Council (NEC) was postponed for the third consecutive time amid unresolved disputes between the federal government and provinces over fiscal resource sharing. Originally scheduled for June 8, the NEC meeting was deferred at the last moment as negotiations continued over the federal government’s proposal to secure more than Rs1 trillion in additional funding for strategic national requirements. The proposal involves freezing provincial shares under the National Finance Commission (NFC)…

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Airlines Face $100 Billion Jet Fuel Cost Surge After Iran Conflict Disrupts Energy Markets

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Jet-Fuel

LONDON: The global airline industry is facing an estimated $100 billion increase in jet fuel costs this year following the escalation of conflict in Iran, which has driven energy prices sharply higher, according to the International Air Transport Association (IATA). The industry body warned that rising fuel expenses are expected to significantly weaken profitability, with global airline net profits projected to fall from $43 billion in 2025 to $23 billion this year, while average profit margins are forecast to decline from 4.2% to 2%. IATA Director-General Willie Walsh, former CEO…

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India Plans New Chenab River Project Amid Rising Concerns Over Indus Waters Treaty

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New-Chanab

LAHORE: India is reportedly moving ahead with plans related to the Chenab River, raising concerns in Pakistan over potential implications for the Indus Waters Treaty (IWT) and downstream water flows. The development comes after India’s effective control over the three eastern rivers—Ravi, Beas, and Sutlej—under the 1960 Indus Waters Treaty, which allocated the western rivers—Indus, Jhelum, and Chenab—to Pakistan for unrestricted use, subject to limited exceptions. The treaty, brokered by the World Bank with financial support from several international partners including the United States, United Kingdom, Germany, Australia, Canada, and…

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Second Spot LNG Cargo Arrives at Port Qasim to Strengthen Pakistan’s Gas Supplies

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New-LNG

ISLAMABAD: Pakistan received another spot Liquefied Natural Gas (LNG) cargo on Sunday as part of efforts to ensure stable fuel supplies amid ongoing volatility in global energy markets. The LNG carrier BW Helios berthed at the PGPL Terminal at Port Qasim at 8:10am, delivering around 140,000 cubic metres of LNG procured by Pakistan LNG Limited (PLL) through a competitive international bidding process. According to officials, the cargo was supplied by BP Singapore and awarded following bids opened on June 4, with the winning offer priced at $19.1337 per million British…

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New Oil and Gas Discoveries Strengthen Pakistan’s Energy Outlook in 2025

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New-Oil6

Pakistan’s hydrocarbon sector showed improvement in 2025 as a series of new oil and gas discoveries boosted reserves and helped extend the country’s overall reserve life, partially offsetting ongoing production declines. According to data released by Arif Habib Limited, Pakistan’s total hydrocarbon reserve life increased to 17 years as of December 2025, supported by gains in both oil and gas reserves driven largely by fresh exploration activity. The brokerage report stated that gas reserve life rose to 18 years, while oil reserve life improved to 11 years, reflecting a positive…

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