Author: Admin

Petrol price cut by Rs2.27, HSD’s by Rs3.56

Admin

SLAMABAD: The ex-depot prices of petrol has decreased by Rs 2.27 per litre from Rs 391.30 to Rs 389.03 per litre while High Speed Diesel (HSD) dropped by Rs 3.56 per litre to settle at Rs 404.97 per litre effective for September 29. The Petroleum Division has announced lower ex-depot prices for petrol and HSD, based on the working of the Oil and Gas Regulatory Authority (OGRA) using a seven-working-day rolling average of the daily Platts Arab Gulf Means Price. During this period, the average petrol price has been reduced…

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FCEPL deploys 450kW solar system to optimize energy utilization

Admin

Karachi: In a significant step towards achieving a sustainable industrial ecosystem, FrieslandCampina Engro Pakistan Limited has announced the deployment of a 450 kW Solar Photovoltaic (PV) system integrated with a 255 kWh Battery Energy Storage System (BESS) at its Nara Dairy Farm facility.Awarded to DSG Energy, the project represents a strategic investment in clean energy infrastructure that will strengthen the plant’s energy resilience, improve operational efficiency, and accelerate the company’s transition toward a lower-carbon future.‘This installation represents the futuristic, energy-conscious mindset that guides us at FCEPL’ said Kashan Hasan, CEO…

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LNG crisis shifts from supply risk to affordability: report

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lng

KARACHI: Pakistan’s energy challenge has entered a more complex phase, with the country struggling not only to secure LNG supplies but also to obtain fuel at prices that households, businesses and the economy can afford. According to a report titled ‘LNG Supply Shock — From Contract Disruption to Energy-Cost Pressure’ released by the Institute of Cost and Management Accountants of Pakistan (ICMAP), geopolitical disruptions in 2026 transformed Pakistan’s LNG outlook almost overnight. Earlier concerns about an LNG surplus worth an estimated $5.6 billion gave way to an acute supply squeeze,…

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K-Electric tariff reversal weakens Pakistan’s privatisation case

Admin

Karachi’s consumers are being asked to celebrate a tariff cut they may never see. NEPRA has reduced K-Electric’s allowed average base tariff from Rs39.97 to Rs32.37 per unit — a reduction of Rs7.60. But KE’s households and factories are billed under Pakistan’s uniform consumer tariff policy, so their monthly bills do not automatically fall by the same amount. The state may book a fiscal saving. Karachi may be left with a weaker electricity service. Calling the first outcome “consumer relief” while ignoring the second is misleading. For families, the real…

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HBL Microfinance Bank, 1LINK & Euronet sign agreement to launch Pakistan’s first PayPak Credit Card

Admin
New-Project175

Islamabad, September 29, 2026: HBL Microfinance Bank (HBL MfB), 1LINK (Pvt.) Limited and Euronet Pakistan have signed a landmark tripartite agreement to introduce Pakistan’s first PayPak Credit Card, with HBL Microfinance Bank becoming PayPak’s inaugural credit card partner. This milestone marks an important development in Pakistan’s payments landscape. The agreement was signed by Mr. Amir Khan, President & CEO, HBL Microfinance Bank; Mr. Najeeb Agrawalla, CEO, 1LINK; and Mr. Kashif Gaya, CEO, Euronet. Under the partnership, HBL Microfinance Bank will issue the PayPak Credit Cards and lead the customer proposition,…

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