Author: Admin

Hormuz Crisis Raises Fears of Trade Disruptions, Soaring Freight Costs for Pakistan

Admin
New-Project83

KARACHI: Escalating military tensions in the Middle East and the reported closure of the Strait of Hormuz have triggered alarm across global shipping markets, with companies adopting precautionary measures and imposing war-risk surcharges that could significantly impact Pakistan’s trade and energy supplies. The strategic waterway, which connects the Persian Gulf to the Gulf of Oman, handles nearly a quarter of the world’s oil shipments. Any prolonged disruption is expected to drive up crude oil and LNG prices, alongside sharply higher marine insurance premiums. Chairman of the Pakistan Ships’ Agents Association…

Read More

OGRA Cuts LPG Price by 0.9% for March

Admin
OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Monday announced a 0.9 per cent reduction in the price of liquefied petroleum gas (LPG) for March 2026, following a decline in international market rates. According to the notification, LPG has been priced at Rs225.84 per kilogram for March, down by 21 paise from Rs226.05 per kg in February. As a result, the cost of an 11.8kg domestic cylinder has been reduced by Rs2.52 to Rs2,664.88, compared to Rs2,667.40 last month. The revised prices will remain effective until March 31, 2026.…

Read More

Pakistan forms high-level energy committee as Strait of Hormuz closure threatens oil routes

Admin
Strait of Hormuz

ISLAMABAD: Pakistan on Monday announced it had established a high-level cabinet committee to monitor petroleum markets and ensure uninterrupted domestic fuel supplies, as escalating conflict in the Middle East and disruption around the Strait of Hormuz rattle global energy markets. The Finance Division said the newly constituted ‘Committee to Monitor Petrol Prices in the Wake of the Emerging Situation in the Region’ held its first meeting under Finance Minister Senator Muhammad Aurangzeb, undertaking a comprehensive review of fuel stocks, supply chains and pricing risks. The move comes after Iran closed…

Read More

EMPLOYERS’ FEDERATION OF PAKISTAN

Admin
LPG prices down

A CONSTITUENT OF ILO, MEMBER INTERNATIONAL ORGANIZATION OF EMPLOYERS, GENEVA MEMBER SOUTH ASIAN FORUM OF EMPLOYERS / CONFEDERATION OF ASIA PACIFIC EMPLOYERS                       2nd Floor, State Life Building No. 2, Wallace Road, Off. I.I. Chundrigar Road, Karachi-74000 Ph: +92-21-3241-1049, +92-21-3241-1551 Fax: +92-21-3243-9347 E-mail: info@efp.org.pk; Website: www.efp.org.pk Ref:  PR/2026/FDI 02 March 2026 Chinese investor questions credibility of government policies ~~ EFP Employers Federation of Pakistan has taken strong exception to the attitude of certain government officials who are bent upon creating roadblocks for foreign direct investors. In a press statement, EFP stated that…

Read More

OIL AND GAS REGULATORY AUTHORITY

Admin
oil price

Plot No. 37 & 39, Mauve Area, Service Road South, Sector G-10/4 Islamabad PRESS RELEASE Islamabad, March 02, 2026: The Oil and Gas Regulatory Authority (OGRA) has notified the maximum Price of LPG, effective March 01 2026, as under; Notified LPG Producer prices  Rs. / Ton  Rs / 11.8 kg Cylinder March-2026 ( w.e.f  01-03-2026)       184,536.99           2,177.54 February -2026       184,750.87 2,180.06 Increase / (Decrease)           (213.88)               (2.52)        Notified LPG Consumer prices  Rs. / Ton  Rs / 11.8 kg Cylinder March-2026 ( w.e.f  01-03-2026)       225,836.99 2,664.88 February -2026       226,050.87…

Read More