Author: Admin

Federal Minister Ali Pervaiz Malik Echoes Government’s Commitment to Pro-Business Policies

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Ali Pervaiz Malik

The newly appointed Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, Former Minister of State for Finance, assured the business community that the Government remains steadfast in its commitment to provide all out facilities to local and foreign investors. He was talking to a delegation of more than 25 member companies of the American Business Forum (ABF), representing American businesses operating in Pakistan. The Minister thanked Dr. Faisal Hashmi Vice President and Members of ABF for organizing the constructive dialogue today 17 May 2025 in Lahore and assured that the…

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Murad Shah honours Pakistan armed forces at victory celebrations at IEP

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murad-ali-shah

KARACHI (May 17): Sindh Chief Minister Syed Murad Ali Shah, delivered a heartfelt speech today as the Chief Guest at the Pakistan Victory Celebrations, a grand event dedicated to commemorating the valor, sacrifices, and remarkable achievements of Pakistan’s Armed Forces. Addressing a distinguished gathering that included dignitaries, esteemed engineers, and members of the Institution of Engineers Pakistan, Mr Shah expressed profound pride and gratitude for the unwavering courage and resilience demonstrated by the military. He highlighted the multifaceted role of the armed forces-not only as defenders of the nation’s borders…

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Pakistan to Become Regional Energy Supplier by 2026, NA Informed

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Awais-Leghari

ISLAMABAD: Pakistan is poised to emerge as a competitive energy supplier in the region by next year, Federal Minister for Power Sardar Awais Ahmad Khan Leghari announced during a National Assembly session on Thursday. Highlighting recent progress in the power sector, the minister said electricity prices have been slashed by 20% for domestic consumers and farmers, and by 31% for industries. He also revealed that the country has a surplus capacity of 7,000 megawatts, sufficient for the next three years. Ongoing negotiations with development partners aim to further reduce industrial…

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India Plans Major Water Diversion from Indus System Amid Rising Tensions with Pakistan

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India-Plans

NEW DELHI/ISLAMABAD: India is reportedly considering drastic measures to curb the water flowing into Pakistan from the Indus River system, in response to a deadly April attack in Indian-administered Kashmir that New Delhi blames on Islamabad. According to multiple sources familiar with the matter, Indian Prime Minister Narendra Modi has directed authorities to fast-track plans to harness more water from rivers allocated to Pakistan under the 1960 Indus Waters Treaty. Following the attack that killed 26 civilians, India “put in abeyance” its participation in the treaty and has yet to…

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Refineries Get Relief as Govt Moves to Unlock \$6 Billion Investments

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New-PRL

ISLAMABAD: In a significant policy intervention, newly appointed Petroleum Minister Ali Pervaiz Malik has taken decisive steps to shield Pakistan’s struggling oil refineries from further financial losses—measures that industry leaders say could unlock up to \$6 billion in long-stalled investments. The move comes as delays in implementing the Brownfield Refineries Policy 2023 had deterred foreign investors and stalled crucial plant upgrades. Malik also initiated the long-overdue implementation of the 35% third-party gas allocation facility, pending for years, to promote greater competition and transparency. Recent changes in the Finance Act 2024…

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