Author: Admin

Cnergyico Expands US Crude Imports Amid Hormuz Disruptions

Admin
New-Cnergyico

# Cnergyico Expands US Crude Imports Amid Hormuz Disruptions **ISLAMABAD:** Pakistan’s largest refinery, Cnergyico, is increasing its purchases of US crude oil as the disruption to Middle Eastern shipping routes has exposed the country’s heavy dependence on Gulf supplies and the Strait of Hormuz. The move is also aligned with Islamabad’s efforts to increase imports from the United States to narrow its trade surplus and support negotiations over US tariffs. Cnergyico, which began importing US crude last year, is considering additional spot purchases alongside longer-term contracts with suppliers including Vitol,…

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Pakistan Moves to Set Standards for EV Lithium-Ion Batteries

Admin
EV-Lithium

# Pakistan Moves to Set Standards for EV Lithium-Ion Batteries **ISLAMABAD:** The Ministry of Industries and Production has directed the Pakistan Standards and Quality Control Authority (PSQCA) to develop national standards for **lithium-ion batteries used in electric vehicles (EVs)** as part of efforts to strengthen the country’s emerging electric mobility and energy storage industry. The ministry is already working with relevant stakeholders to finalise the **Next Generation Energy Storage Policy 2026-2033**. Engineering Development Board (EDB) Chief Executive Hammad Mansoor is expected to present an updated draft of the policy at…

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Pakistan’s Budget Transparency Improves 50% in Two Years

Admin
New-Project10

# Pakistan’s Budget Transparency Improves 50% in Two Years **ISLAMABAD:** Pakistan’s budget transparency has improved by 50% over the past two years, with the country’s score rising from **30 out of 100 in 2023 to 45 in 2025**, Advisor to the Finance Minister Khurram Schehzad said, citing the latest Open Budget Survey (OBS) by the International Budget Partnership (IBP). According to the OBS, Pakistan’s latest score is now equal to the **global average of 45**, placing the country ahead of several regional and international peers, including India (44), Sri Lanka…

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DISCO Losses, KE Receivables Add Rs520bn to Circular Debt

Admin
nepra

# DISCO Losses, KE Receivables Add Rs520bn to Circular Debt **ISLAMABAD:** Losses and inefficiencies of former Wapda power distribution companies (DISCOs), lower recoveries and outstanding receivables from K-Electric contributed around **Rs520 billion** to the flow of power sector circular debt during fiscal year 2025-26, official sources said. According to official data, DISCO losses declined marginally by Rs3 billion to **Rs262 billion** in FY2025-26, compared with Rs265 billion in the previous fiscal year. Meanwhile, K-Electric’s outstanding receivables increased by **Rs194 billion**, reaching Rs421 billion. DISCO under-recoveries, however, showed significant improvement, falling…

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FPCCI Calls for Stronger Pakistan–ASEAN Trade and Investment Partnership Atif Ikram Sheikh, President FPCCI

Admin
New-FPCCI

FPCCI Calls for Stronger Pakistan–ASEAN Trade and Investment Partnership Atif Ikram Sheikh, President FPCCI Karachi: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has stressed upon a more proactive and commercially focused engagement with ASEAN – emphasizing greater trade, investment, joint ventures, technology cooperation and business-to-business linkages between Pakistan and ASEAN countries. Atif Ikram Sheikh, addressing the Commemoration of ASEAN Day 2026, organized by FPCCI at Federation House, Karachi, under the theme “Strengthening Pakistan–ASEAN Trade, Investment and Economic Partnership” said that ASEAN’s growing…

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