Author: Admin

ISLAMABAD: Pakistan’s fuel supply chain is once again facing mounting pressure as critically low petrol inventories, delayed imports, rising international oil prices, and unresolved financial issues raise concerns over a potential fuel shortage. Industry officials warn that a combination of domestic policy delays and geopolitical tensions—particularly disruptions linked to the Strait of Hormuz and Bab el-Mandeb—has heightened the risk of supply disruptions, placing additional strain on the country’s energy security. According to industry data, Pakistan’s available petrol stocks have declined to approximately 379,442 tonnes, including local refinery production, sufficient for…

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ISLAMABAD: Pakistan is seeking a $6.7 billion concessional oil financing facility from Saudi Arabia to strengthen its energy security and ease pressure on foreign exchange reserves amid rising global oil prices triggered by renewed tensions in the Middle East. According to official sources, the proposed facility is being negotiated at a 1% interest rate with a 15-year repayment period, including a five-year grace period. The request has been discussed at the ministerial level, while both governments continue consultations on the proposal. A spokesperson for the Ministry of Economic Affairs confirmed…

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ISLAMABAD: Pakistan and other climate-vulnerable nations will have to wait longer for financial support from the Fund for Responding to Loss and Damage (FRLD) after its board postponed funding approvals to allow more time for evaluating an overwhelming number of project proposals against limited available resources. The decision was taken during the 9th FRLD Board meeting, held in Manila from July 8 to 10, where members agreed to defer grant approvals until December 2026. The delay drew criticism from civil society organisations, which warned that frontline communities facing increasing climate-related…

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Karachi: The Dutch Ambassador to Pakistan, H.E. Robert-Jan Seigert, visited the headquarters of Friesland Campina Engro Pakistan Limited (FCEPL), where he met with the company’s leadership to discuss the future of Pakistan’s dairy industry, investment opportunities, and the role of local talent in driving sustainable sectoral growth. During the meeting, FCEPL’s leadership presented an overview of the company’s performance, strategic initiatives, and future growth plans. Discussions focused on the evolving landscape of Pakistan’s dairy sector, its potential for modernization, and opportunities to strengthen the country’s dairy value chain through innovation,…

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