Prime Minister Shehbaz Sharif on Friday jacked up prices of both high-speed diesel (HSD) and petrol by Rs26.77 per litre despite no increase being required in the rates of petrol. The premier imposed a nearly Rs27 per litre additional tax on the fuel to push its price higher. Accordingly, the HSD price has been fixed at Rs380.19 per litre, up from Rs353.42 per litre. This marks a 7.5% increase. Diesel prices are still significantly lower than their peak of Rs520.4 on April 10. Diesel is considered the most inflationary fuel…
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Pakistan facing escalating environmental crisis due to governance gaps, says NFEH chief
Karachi, April 23, 2026 The President of the National Forum for Environment & Health (NFEH), Muhammad Naeem Qureshi, has expressed serious concern over the continuing lack of coordination between federal and provincial governments in addressing Pakistan’s worsening environmental challenges. In his Earth Day statement issued on April 22, he noted that despite repeated climate-induced disasters—including severe floods and increasingly intense rainfall patterns—Pakistan still lacks a unified and effective national strategy to manage environmental emergencies. He warned that fragmented governance and delayed response mechanisms are resulting in significant human and economic…
Read MorePakistan Sets Up High-Level Committee to Develop Strategic Petroleum Reserves
ISLAMABAD: Pakistan has taken a significant step toward strengthening its energy security by forming a high-level committee to develop and operationalise Strategic Petroleum Reserves (SPR), aimed at reducing exposure to global oil price volatility and potential supply disruptions. According to an official notification issued by the Ministry of Energy (Petroleum Division), the committee has been tasked with submitting its recommendations and implementation roadmap by May 8, 2026. The decision follows a meeting chaired by the Federal Minister for Petroleum and establishes a broad-based framework bringing together senior government officials, security…
Read MoreWorld Bank Flags Execution, Macroeconomic Risks in Dasu Hydropower Project
ISLAMABAD: The World Bank has highlighted mixed progress in Pakistan’s strategically important Dasu Hydropower Project, warning that execution challenges and macroeconomic pressures continue to pose risks despite overall implementation remaining on track. In its latest Implementation Status and Results Report, the Bank rated overall project implementation as “moderately satisfactory,” but downgraded progress toward achieving development objectives from “satisfactory” to “moderately satisfactory.” The project retains a “high” overall risk rating due to governance issues, economic instability, and institutional capacity constraints. The 2,160MW run-of-river project on the Indus River is a cornerstone…
Read MoreOGDCL Revives Gas Output from Jand-1 Well in Attock
ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has successfully restored gas production from the Jand-1 well in Attock district, marking a significant boost in output after years of disruption. In a notice submitted to the Pakistan Stock Exchange, the company stated that the well is currently producing over 21 million standard cubic feet per day (MMSCFD) of gas at a wellhead flowing pressure of 3,585 psi—three times higher than its previous production level of around 7 MMSCFD. The Jand-1 well was initially brought online in 2019 via the Dakhni…
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