Author: Admin

Govt Sets Rs1.676 Trillion Petroleum Levy Target for FY2026-27

Admin
Petrol-Diesel

Govt Sets Rs1.676 Trillion Petroleum Levy Target for FY2026-27 ISLAMABAD: The federal government has set a target of Rs1.676 trillion in petroleum levy collections for fiscal year 2026-27, based on an average levy of Rs80 per litre on petrol and high-speed diesel (HSD). Minister for Energy (Petroleum Division) Ali Pervaiz Malik disclosed the target in a written response submitted to the National Assembly on Friday. The minister said the petroleum levy had been reduced during a period of exceptional volatility in international oil markets to provide relief to consumers, but…

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NEPRA Directs PITC to Clear Pending Net-Metering Connections

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Net-Metering

NEPRA Directs PITC to Clear Pending Net-Metering Connections ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has directed the Power Information Technology Company (PITC) to review and update all pending net-metering connections in electricity distribution companies (Discos) and K-Electric where consumers have completed the required formalities but their applications remain unprocessed. In a letter to PITC Chief Executive Officer, NEPRA Registrar Waseem Anwar Bhinder referred to the Authority’s earlier directive of July 31, 2026, under which all Discos and K-Electric were instructed to review their records and process pending net-metering…

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Silk Road Fund Eyes Investment Opportunities in Pakistan’s Energy and Infrastructure Sectors

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New-Project42

Silk Road Fund Eyes Investment Opportunities in Pakistan’s Energy and Infrastructure Sectors ISLAMABAD: The Silk Road Fund (SRF), a major Chinese investment institution, has expressed interest in exploring investment opportunities in Pakistan’s energy, infrastructure, manufacturing and other key sectors. Federal Minister for Finance Muhammad Aurangzeb held a meeting on Friday with an SRF delegation led by its Chairperson Zhu Jun to discuss potential investment avenues and ways to strengthen economic cooperation between Pakistan and China. During the meeting, the finance minister briefed the delegation on Pakistan’s recent economic progress, highlighting…

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Iran Condemns New US Sanctions as ‘Unlawful Economic Warfare’

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New-Project41

Iran Condemns New US Sanctions as ‘Unlawful Economic Warfare’ TEHRAN: Iran has strongly condemned the United States’ announcement of new economic sanctions, accusing Washington of violating the sovereignty of independent states and attempting to impose its authority beyond US jurisdiction. Iranian Foreign Ministry spokesperson Esmaeil Baqaei said the latest measures went far beyond what he described as continued unlawful “economic warfare” against Iran. Baqaei argued that the sanctions amounted to an attempt by the United States to exercise “extraterritorial sovereignty” over independent members of the United Nations. He said Washington…

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Trump Says Iran Not Ready for ‘Right Deal’ as US Maintains Pressure

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Trump-Edges

Trump Says Iran Not Ready for ‘Right Deal’ as US Maintains Pressure WASHINGTON: US President Donald Trump has said Iran is not yet prepared to reach what he described as the “right deal” with Washington, as tensions between the two countries remain high. Speaking to reporters on Friday, Trump said the United States was continuing to assess developments in the conflict and had not ruled out its available options. “It just means that we’re seeing what happens,” he said when asked whether US military options against Iran were limited. Trump…

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