Year: 2026

Karachi: Mr. Atif Ikram Sheikh, President of The Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has stressed that FPCCI’s comprehensive Shadow Budget for the fiscal year 2026-27 represents the collective wisdom of the business, industry and trade community of Pakistan. Mr. Atif Ikram Sheikh highlighted that FPCCI strongly urges the federal government to incorporate its policy recommendations to ensure the upcoming budget is fundamentally driven by the objective of economic growth rather than customary revenue growth and stabilization emphasis. Mr. Atif Ikram Sheikh maintained that adopting a growth-centric…

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Green spaces under siege, sea choked by pollution: experts warn of urban ecological emergency in Pakistan Karachi Rapid conversion of green spaces into commercial developments, unchecked discharge of untreated industrial effluents into the sea, rampant tree-cutting, and weak enforcement of environmental laws are pushing Pakistan’s major cities towards an ecological disaster and worsening the climate emergency, environmental experts, academics, business leaders and public representatives warned on World Environment Day.The concerns were voiced at a seminar organised by the National Forum for Environment & Health (NFEH) in collaboration with United National…

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ISLAMABAD: Pakistan LNG Limited (PLL) has awarded a contract for a spot liquefied natural gas (LNG) cargo to BP Singapore at a price of $19.1337 per million British thermal units (MMBtu), securing additional energy supplies amid continued tight conditions in the global LNG market. The latest procurement marks Pakistan’s fifth LNG spot cargo since March 2026, reflecting ongoing efforts to ensure adequate fuel availability as the country manages rising seasonal demand and external market volatility. According to PLL, the cargo has a volume of 140,000 cubic metres and is scheduled…

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ISLAMABAD: The Oil Companies Advisory Council (OCAC) has expressed serious reservations over reported government plans to review inventory gains and introduce a cross-subsidy mechanism in the petroleum sector, warning that such measures could undermine energy security and destabilise market operations. In a letter addressed to the Federal Secretary, Ministry of Energy (Petroleum Division), the OCAC said recent media reports regarding the formation of a high-level committee to examine the recovery of inventory gains have created uncertainty in the industry, despite the absence of any formal communication from authorities. The council…

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ISLAMABAD: The Foreign Office (FO) on Thursday strongly rejected India’s reported plan to construct a river-linking project aimed at diverting water from the Chenab River to the Beas River, terming it a “grave violation” of the Indus Waters Treaty (IWT) and relevant international legal frameworks. FO spokesperson Tahir Andrabi, while addressing the weekly media briefing, said Pakistan has “all options available” to safeguard its water rights and national interests under the treaty. He stated that India has neither officially communicated nor consulted Pakistan regarding the proposed projects, adding that such…

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