Author: Admin

ARL Seeks Urgent Approval for 5,000bpd Crude Allocation to Boost Defence Fuel Production

Admin
New-ARL

ISLAMABAD: Attock Refinery Limited (ARL) has called for the immediate availability of 5,000 barrels per day (bpd) of crude oil from the Naimat field — already allocated and approved by the Economic Coordination Committee (ECC) in February 2024 — to enhance the production of high-speed diesel (HSD) and jet fuel (JP-8) for Pakistan’s armed forces. In a letter addressed to the Directorate General (DG) Oil on Friday, April 25, ARL stressed the urgent need for approval of freight rates to transport the crude from the southern Naimat field to its…

Read More

APL Partners with HUBCO Green to Develop EV Charging Infrastructure Across Pakistan

Admin
NEPRA-EV

KARACHI: Attock Petroleum Limited (APL) has entered into a collaboration agreement with HUBCO Green (Private) Limited (HGL), a wholly owned subsidiary of Hub Power Holding Limited, to establish and market electric vehicle (EV) charging infrastructure at selected APL locations nationwide. APL announced the development through a notice to the Pakistan Stock Exchange (PSX) on Friday, confirming that the agreement was signed on April 24, 2025. Under this partnership, APL and HGL aim to accelerate the rollout of advanced EV charging facilities across Pakistan, supporting the country’s growing shift toward electric…

Read More

KP Seeks Tax Exemption for Hydel Projects in Line with Private Sector and AJK

Admin
New-hydro

ISLAMABAD: The Khyber Pakhtunkhwa (KP) government has formally requested income tax exemptions for its hydropower projects, aligning them with the incentives currently enjoyed by private sector projects and those in Azad Jammu and Kashmir (AJK). In a letter to Finance Minister Senator Muhammad Aurangzeb, Brig. (Retd.) Tariq Saddozai, Special Assistant to the KP Chief Minister on Energy and Power, emphasized the province’s vast hydropower potential. He stressed that systematic and transparent development of these resources could ensure long-term national energy security and sustainable economic growth. The KP government highlighted that…

Read More

Pakistan Eyes Gwadar as Key Hub for Chinese Industry Relocation Amid US-China Trade Tensions

Admin
Eyes-Gwadar

ISLAMABAD: Pakistan has launched a major initiative to attract Chinese industries seeking relocation due to the ongoing tariff dispute between China and the United States. The government is developing a strategic framework aimed at positioning Gwadar, the deep-sea port city central to the China-Pakistan Economic Corridor (CPEC), as a prime destination for Chinese investment. Sources told The Express Tribune that the Cabinet Committee on Chinese Investment Projects (CCoCIP) recently directed the Board of Investment (BOI) and the Ministry of Industries and Production to prepare a detailed roadmap within five days.…

Read More

Oil set for weekly fall amid supply pressure, tariff uncertainty

Admin
Oil falls

LONDON: Oil prices fell on Friday and were set for a weekly decline of over 3% on the back of oversupply concerns and uncertainty around tariff talks between the United States and China. Brent crude futures were down 82 cents to $65.73 a barrel at 1215 GMT, falling 3.3% over the week. U.S. West Texas Intermediate crude was down 81 cents to $61.98 a barrel, a decline of 4.2% for the week. “… Prices are down as concerns over oversupply from OPEC+ persist, while the demand outlook remains uncertain amid…

Read More