Author: Admin

Pakistan Navy successfully tests anti-Ship Ballistic Missile: ISPR

Admin
Pakistan-Navy-Successfully-Tests-Indigenous-Ship-Launched-Ballistic-Missile

Pakistan Navy conducted a successful test flight of an indigenously developed ship launched Anti-Ship Ballistic Missile. The weapon system is capable of engaging sea as well as ground targets with high precision. The system is equipped with state of the art guidance and advanced maneuverability features. The flight test was witnessed by Admiral Naveed Ashraf, NI, NI (M), Chief of the Naval Staff, senior scientists and engineers. The successful flight test is a testimony to Pakistan’s technological prowess and Pakistan Navy’s unwavering commitment to safeguard national interests. President, Prime Minister…

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OGRA Cuts Prescribed Gas Prices for SNGPL & SSGCL for FY 2025-26

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has provisionally reduced the average prescribed gas prices for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) for the fiscal year 2025-26, according to decisions issued on November 24, 2025, under Section 8(2) of the OGRA Ordinance, 2002. After a detailed review of the Review of Estimated Revenue Requirement (RERR) of both gas utilities, OGRA rationalized their demand by optimizing costs and revenues. The regulator also incorporated the impact of deferred cargoes of Pakistan LNG Limited, providing…

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Premium Textile Mills Invests $4.15m in 7.5MW Wind Turbine to Boost Renewable Energy Portfolio

Admin
New-Textile

Premium Textile Mills Limited has approved a $4.15 million investment to install a 7.5MW wind turbine, marking another step in its transition toward sustainable and cost-efficient energy. The publicly listed textile manufacturer, known for producing cotton and polyester yarn, announced the decision through a notice to the Pakistan Stock Exchange (PSX) on Monday. The Board of Directors approved the project via a circular resolution dated November 24, 2025. “Keeping up with our commitment to sustainable environmental practices, the contribution of renewable energy in the power mix will significantly increase after…

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PIDE Study Warns Power Sector Crisis Is Deepening Economic Inequality

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Power-sector

ISLAMABAD: The Pakistan Institute of Development Economics (PIDE) has cautioned that Pakistan’s power sector woes have evolved into a profound socioeconomic imbalance, with the poorest households bearing the heaviest burden of systemic inefficiencies. Authored by Dr. Rubina Ilyas, Research Economist at PIDE, the study titled “Circular Debt and Electricity Tariffs: Unequal Burdens Across Household Quintiles in Pakistan” reveals how the circular debt—now surpassing Rs2.6 trillion—has fueled steep, regressive electricity tariffs that disproportionately impact low-income groups. The report warns that without efficiency-driven reforms, improved governance, and a more progressive tariff design,…

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CCoSOEs Orders Review of Litigation to Fast-Track Privatisation of SOEs

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Muhammad-Aurangzeb

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Monday directed the Finance and Privatisation Divisions to undertake a comprehensive review of all pending litigation involving state-owned enterprises listed for privatisation, aiming to ensure a seamless and efficient sell-off process. Chairing the meeting, Federal Minister for Finance and Revenue Muhammad Aurangzeb instructed both divisions—working closely with relevant ministries and the Law Division—to identify obstacles, devise solutions, and ensure the entities are fully prepared for privatisation. The Committee also approved several key board appointments and reconstitutions across major SOEs after considering…

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