Author: Admin

Abu Dhabi abandons bid to build global oil benchmark

Admin
oil price

Abu Dhabi is overhauling the way it sells its oil, retreating from an ambition to establish its own global crude benchmark to rival Brent after the Iran war exposed flaws in the fledgling market. Adnoc, the emirate’s national oil company, said on Friday that it would stop selling its flagship grade of crude, Murban, on an open market and would instead revert to a previous system of quotas whose price is linked to benchmarks assessed in Dubai. Five years ago, the capital of the United Arab Emirates shook up the…

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OGRA raises LPG prices for August as domestic cylinder becomes Rs152 costlier

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OGRA

OGRA increased August 2026 LPG prices, pushing the 11.8kg domestic cylinder up by Rs152.01 to Rs3,000.92. It also raised July RLNG tariffs for SNGPL and SSGCL. The Oil and Gas Regulatory Authority (OGRA) has increased liquefied petroleum gas (LPG) prices for August 2026, raising the cost of an 11.8kg domestic cylinder by Rs152.01 from August 1, while also notifying a sharp increase in Re-gasified Liquefied Natural Gas (RLNG) tariffs for July. Under the revised LPG pricing, the consumer rate has been fixed at Rs254,315.35 per tonne for August, compared with…

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**Naqvi calls for new provinces, sweeping governance reforms to address Pakistan’s structural challenges**

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Mohsin-Naqvi

  **ISLAMABAD:** Federal Interior Minister **Mohsin Naqvi** on Thursday called for a comprehensive overhaul of Pakistan’s governance system, including the creation of new administrative units or provinces, arguing that the country’s existing administrative structure is no longer capable of effectively addressing its political, economic and governance challenges. Addressing Pakistan’s first **Economic Summit Conference** in Islamabad, Naqvi said many of the country’s problems have persisted for decades due to deep-rooted structural weaknesses in the administrative and political system. He stressed that meaningful progress would only be possible through consensus-based institutional reforms.…

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**PM orders technical audit of Discos’ billing systems, pushes power sector reforms**

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Shehbaz-Sharif

  **ISLAMABAD:** Prime Minister **Shehbaz Sharif** on Thursday directed a comprehensive technical audit of the billing systems of power distribution companies (Discos), reaffirming that reforming the power sector remains one of the government’s top priorities. Chairing a review meeting on Power Division affairs, the prime minister acknowledged that while the performance of Discos had improved, significant efforts were still needed to enhance efficiency and service delivery, according to a statement issued by the Prime Minister’s Office. He described the nationwide installation of **smart electricity meters** as essential for modernising the…

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**Seminar calls for affordable solar solutions to strengthen Pakistan’s energy security**

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Bajaur-Solar

  **KARACHI:** Energy experts, economists and policy specialists have urged the government to make solar power more affordable for heat-stressed and low-income households, stressing that equitable access to clean energy is essential for Pakistan’s long-term energy security and climate resilience. The recommendations were made during a seminar titled **”Pakistan’s Energy Security: The Reality for Working People,”** jointly organised by **The Knowledge Forum (TKF)** and the **Karachi Union of Journalists (KUJ)** at the Karachi Press Club. Speaking at the event, former adviser to the chief ministers of Sindh and Balochistan, **Dr…

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