Author: Admin

Fuel Sales Drop Sharply as Govt Tightens Digital Monitoring of Petrol Pumps

Admin

ISLAMABAD: Pakistan has witnessed a significant decline in fuel consumption during the first half of April 2026, following the government’s rollout of a strict digital monitoring system aimed at regulating petroleum sales and curbing misuse. According to official data from Pakistan State Oil (PSO), sales of Premier Motor Gasoline (PMG) fell by 14% year-on-year, while High-Speed Diesel (HSD) consumption dropped sharply by 26% during the first 15 days of the month, amid rising fuel prices and tighter oversight. The regulatory push is being led by the Oil and Gas Regulatory…

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Pakistani Tanker ‘Shalamar’ Exits Strait of Hormuz with UAE Crude Amid Tightened Security

Admin

SINGAPORE/ISLAMABAD: A Pakistani-flagged oil tanker, Shalamar, has successfully exited the strategically critical Strait of Hormuz carrying crude oil from the United Arab Emirates, according to shipping data from Kpler and LSEG. The Aframax vessel departed the Gulf on Thursday loaded with approximately 440,000 barrels of Abu Dhabi’s Das Blend crude. The cargo was reportedly lifted earlier this week from a terminal operated by Abu Dhabi National Oil Company (ADNOC). Managed by the Pakistan National Shipping Corporation, the tanker is en route to Karachi, where it is expected to offload its…

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Nepra Approves Rs77.4bn Investment Plans for Three Discos, Slashes Proposed Outlay by 39%

Admin

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved five-year Distribution Investment Plans (2025–2029) worth Rs77.443 billion for three power distribution companies, significantly reducing their originally proposed investments by about 39%. The approved plans cover Gujranwala Electric Power Company (Gepco), Quetta Electric Supply Company (Qesco), and Tribal Areas Electric Supply Company (Tesco), against a combined demand of approximately Rs127 billion. The regulator emphasized a cautious and disciplined approach, subjecting all proposals to rigorous technical, financial, and prudency evaluations. Gepco, which initially sought Rs100.612 billion and later revised it to…

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UK Raises Halmore Power Dispute with Pakistan Amid Ongoing Arbitration

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ISLAMABAD: The British High Commission has formally raised concerns over the ongoing dispute involving M/s Halmore Power Company, currently under international arbitration with the Government of Pakistan, sources told Business Recorder. The issue was discussed during a meeting between Federal Minister for Power Sardar Awais Ahmed Khan Leghari and Sam Waldock, Development Director at the British High Commission. The discussions covered bilateral cooperation, investment climate, and the evolving regional geopolitical situation. According to an official statement, the UK side highlighted key investment-related concerns, including the Halmore case. The minister assured…

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Solar Net Metering Shields Pakistan from Daytime Blackouts Amid Deepening Energy Crisis

Admin

ISLAMABAD: Solar net metering has emerged as a critical buffer against daytime power outages in Pakistan, helping the country navigate one of its most severe energy crises driven by fuel shortages and reduced hydropower generation. Despite a widening electricity shortfall, authorities have managed to avoid daytime loadshedding largely due to the growing contribution of distributed solar systems. With an estimated 8,000MW of installed net-metered capacity, solar users are injecting over 2,000MW into the grid during daylight hours—effectively saving the country from nearly four additional hours of loadshedding. Federal Minister for…

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