Author: Admin

OGRA Announces Major Gas Price Hike Effective July 1

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Gas-Tariffs

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has notified a substantial increase in gas tariffs for domestic, commercial, and industrial consumers, effective from July 1, 2025. The hike is expected to place additional financial strain on inflation-hit households while aiming to meet revenue targets set under Pakistan’s economic stabilisation programme. According to the notification, domestic gas tariffs have been revised by up to 50%. Protected household consumers—typically low-income users—will now pay between Rs200 and Rs350 per MMBTU, while non-protected users face sharply higher rates, ranging from Rs500 to Rs4,200…

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PM Shehbaz Vows Unwavering Support for Solar Energy, Launches ‘Power Smart’ App to Empower Consumers

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New-Project3

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday reaffirmed his government’s commitment to promoting solar energy in Pakistan, pledging not to hinder the country’s rapid solarisation drive. Speaking at the launch of the ‘Power Smart’ mobile application in Islamabad, he described solar power as the most affordable and sustainable solution for Pakistan’s energy needs. “The government will never discourage the solarisation boom—it’s the cheapest way to generate electricity,” the premier said, adding that Pakistan is among the few countries witnessing swift adoption of solar energy. Addressing the challenges arising from declining…

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Govt Proposes Rs1.15/Unit Cut in Power Tariff from July 1

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ISLAMABAD: In a move aimed at providing nationwide relief, the federal government has requested a reduction of Rs1.15 per unit in electricity tariffs starting July 1, 2025. A petition has been submitted to the National Electric Power Regulatory Authority (NEPRA), seeking implementation of the new rates across all consumer categories—except lifeline domestic users who are already heavily subsidised. NEPRA will hold a public hearing on July 1 before final approval and notification. According to the proposal, protected domestic consumers using 1–100 units would see their rate drop to Rs10.54 from…

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China Rolls Over \$3.4 Billion Loans to Support Pakistan’s Foreign Reserves

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china-pak

ISLAMABAD: China has rolled over \$3.4 billion in loans to Pakistan, according to two senior government officials, providing a critical boost to the country’s foreign exchange reserves in line with International Monetary Fund (IMF) requirements. The support includes a \$2.1 billion deposit that has remained with the State Bank of Pakistan for the past three years and a \$1.3 billion commercial loan that was recently repaid and has now been refinanced. The officials, speaking on condition of anonymity ahead of a formal announcement, also confirmed the receipt of an additional…

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A Major Milestone in Pakistan’s Industrial Landscape

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MAL-Project

MAL Pakistan – Marketing Alliance of Exxon Mobil Lubricants and Specialties – has joined forces with Juniper International FZ LLC and Min Pro Synergies (Pvt) Ltd to establish a strategic joint venture: Mine Lubes & Chemicals. This newly formed entity is set to serve the growing needs of Pakistan’s mining sector by delivering Mobil™ world-class lubricants, advanced chemical solutions, and expert technical services—enhancing performance, operational reliability, and long-term industrial sustainability. The official signing ceremony was held at the AWT Head Office, attended by senior leadership from all partner organizations.The agreement…

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