Author: Admin

Power Hike, Gas Closure Threaten Industrial Output: S.I.T.E. President

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New-Project12

Karachi: Abdul Rehman Fudda, President of the S.I.T.E. Association of Industry, has voiced serious concerns over the recent surge in electricity tariffs and the abrupt closure of gas supply to industries for two consecutive days. The suspension, he said, was attributed to the absence of RLNG cargos from Qatar, as reported by Sui Southern Gas Company. SAI President highlighted that the NEPRA had already increased electricity rates twice last year—33 paisa per unit for the July-September 2025 quarter, followed by 35 paisa per unit for October-December 2025. Now, NEPRA has…

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Petrol, diesel prices to increase by Rs55 per litre

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The federal government has increased the prices of petrol and high-speed diesel by Rs55 per litre, taking the price of petrol to Rs321.17 per litre from Rs266.17, while the price of high-speed diesel (HSD) has risen to Rs335.86 per litre from Rs280.86, effective from midnight, 07 March, 2026, amid a sharp surge in global oil prices. Deputy Prime Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, and Federal Minister for Petroleum Ali Pervaiz Malik announced the decision during a news briefing late Friday night, stating that the government had been reviewing…

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Pakistan Invites Swedish Firms to Expand Mining Footprint Beyond Reko Diq in Upcoming PMIF

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PMIF

Islamabad: March 06, 2026 Federal Minister for Petroleum, Ali Pervaiz Malik held a meeting with H.E. Alexandra Berg von Linde, Ambassador of Sweden to Pakistan, to discuss ongoing bilateral cooperation and explore new avenues of partnership, particularly in the mining and energy sectors. During the meeting, both sides acknowledged the long-standing relationship between Pakistan and Sweden and emphasized the importance of strengthening economic and industrial collaboration. Ambassador Alexandra Berg von Linde noted that Sweden has maintained strong engagement with Pakistan for the past 77 years, with cooperation spanning multiple sectors…

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PM tells provincial govts to take strict action against those hoarding petroleum products

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Pakistan Petroleum Ltd makes third discovery in Sujawal

Prime Minister Shehbaz Sharif on Friday presided over a high-level meeting on petroleum products, directing provincial governments to take strict legal action against those hoarding the commodities.According to a handout by the Prime Minister’s Office (PMO), the Ministry of Petroleum gave a detailed briefing about stocks of petroleum products in the country, in the context of the changing situation in the region.According to the briefing, sufficient reserves of petroleum products are available in the country to meet national needs, the statement said.It added that PM Shehbaz directed provincial governments to…

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Pakistan Invites Turkish Investors to Participate in Power Distribution Privatization

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Power Distribution Privatization

Islamabad: March 6, 2026 Federal Minister for Energy (Power Division), Sardar Awais Ahmed Khan Leghari, held a virtual meeting with Türkiye’s Minister for Energy and Natural Resources, Alparslan Bayraktar. Both the ministers discussed ways to further strengthen bilateral cooperation in the energy sector. The discussion particularly focused on Pakistan’s ongoing power sector reforms and the privatization of electricity distribution companies (DISCOs). Federal Minister Awais Ahmed Khan Leghari briefed his Turkish counterpart on the comprehensive reforms being implemented in Pakistan’s power sector, aimed at enhancing operational efficiency, strengthening institutional governance, and…

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