Author: Admin

Govt hikes petrol price by Rs13.18, high-speed diesel by Rs13.80

Admin

The federal government on Friday increased the prices of petrol and high-speed diesel (HSD) by Rs13.18 and Rs13.80 per litre, respectively, for the next week, as global oil markets remain volatile following the recent escalation between the United States and Iran. According to a press release issued by the Petroleum Division, the new price of petrol has been fixed at Rs310.71 per litre, while HSD will cost Rs323.30 per litre. The revised prices will take effect from midnight on Friday. The latest increase follows renewed tensions between the United States…

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Federal Energy Minister, KP Governor Discuss Power Sector Reforms and Financial Improvement

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New-Project231

Federal Minister for Energy (Power Division) Sardar Awais Ahmed Khan Leghari met Governor Khyber Pakhtunkhwa Faisal Karim Kundi at the Ministry of Energy in Islamabad. The meeting focused on the ongoing reforms in the power sector, the performance of power distribution companies (DISCOs), the financial improvement of the energy sector, the overall political situation in the country, and other matters of mutual interest. The Federal Minister briefed the Governor on the comprehensive reforms underway in the power sector, highlighting that over the past two years, the Government has undertaken a…

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Privatisation Commission Appoints Asian Development Bank (ADB) as Financial Adviser for the Outsourcing of Operations of Islamabad International Airport (IIAP)

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New-Project230

The Privatisation Commission (PC) Board, in its 255th meeting held today under the chairmanship of Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman, Privatisation Commission, approved the signing of the Transaction Advisory Services Agreement (TASA) with the Asian Development Bank (ADB) for the outsourcing of operations of Islamabad International Airport (IIAP). The PC Board reviewed the terms of the negotiated TASA and approved the agreement reached with ADB. The PC Board expressed confidence that ADB, with its expertise and experience, will be able to successfully complete this…

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Hormuz Crisis Forces Pakistan to Seek Fresh Spot LNG Cargo Amid Qatar Supply Disruptions

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lng

ISLAMABAD: Pakistan has floated a fresh spot liquefied natural gas (LNG) tender as continued supply disruptions linked to the Strait of Hormuz crisis and QatarEnergy’s force majeure have compelled the country to secure additional cargoes from the international spot market. Acting on the directives of the National Crisis Management Committee (NCMC), Pakistan LNG Limited (PLL) has invited bids for the purchase of one spot LNG cargo of approximately 140,000 cubic metres for delivery at the Pakistan GasPort Consortium Limited (PGPCL) terminal during July 15–16. The latest procurement follows QatarEnergy’s decision…

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Climate Change Has Become a Governance Challenge, Not Just an Environmental Issue: Musadik Malik

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New-Project229

LAHORE: Federal Minister for Climate Change Dr. Musadik Malik has called on Pakistan’s future civil servants to place climate resilience, adaptation planning, and inter-ministerial coordination at the heart of public administration, emphasizing that climate change has evolved into a governance challenge requiring strong institutions and informed policymaking. Addressing probationary officers of the 54th Common Training Programme (CTP) at the Civil Services Academy (CSA), the minister presented a data-driven assessment of global climate inequality, highlighting Pakistan’s disproportionate exposure to climate risks despite its minimal contribution to global greenhouse gas emissions. The…

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