Author: Admin

HIES 2024–25 Reveals 57pc Jump in Internet Users as Access Reaches 70pc of Households

Admin
New-Project112

ISLAMABAD: The Household Integrated Economic Survey (HIES) 2024–25 has revealed a sharp rise in digital connectivity across Pakistan, with the number of individual internet users increasing by 57 per cent and household internet access doubling from 34 per cent to 70 per cent. Released on Thursday by the Pakistan Bureau of Statistics (PBS), the annual survey provides a comprehensive overview of the country’s social and economic conditions to support evidence-based policymaking at national and provincial levels. The results were unveiled during a ceremony at the Ministry of Planning, Development and…

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PM Shehbaz Urges Accelerated Oil, Gas Exploration to Reduce Import Bill

Admin
PM-Shabaz

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday directed authorities to prioritise the exploration of new oil and gas fields to reduce Pakistan’s dependence on costly petroleum imports and conserve precious foreign exchange. Chairing a high-level meeting on matters related to the Petroleum Division, the prime minister stressed that tapping domestic energy resources was essential for ensuring economic stability and long-term energy security. He also ordered the digitisation of the entire oil and gas supply chain — covering imports as well as domestic utilisation — on a priority basis. The prime…

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Petroleum Division Sits on Alleged Illegal Energy Ownership Transfer

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oil-gas-sector

ISLAMABAD: Despite classifying the oil and gas sector as a strategic industry, the Petroleum Division has failed to take enforcement action six months after issuing show-cause notices to energy companies over alleged unauthorised changes in ownership and management control. The case involves Spud Energy Limited and Frontier Holdings Limited, whose parent companies reportedly offloaded their interests without obtaining mandatory prior approvals from the relevant authorities — a clear violation of Pakistan’s petroleum rules. The controversy surfaced on March 6, 2025, when Phoenix Exploration sold its 73.3 per cent stake in…

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Pakistan Plans Up to Four New Deep-Sea Ports with Environmental Focus

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Sea-Ports

KARACHI: Pakistan is planning to build three to four new deep-sea ports to support long-term trade and logistics growth, with environmental protection at the core of development policy, Maritime Affairs Minister Junaid Anwar Chaudhry said on Wednesday, according to Arab News. The initiative aims to ease congestion at existing ports and prepare for future demand as Pakistan seeks a larger role in regional trade routes. The announcement followed a meeting chaired by the minister, who stressed that port planning must balance economic growth with environmental preservation. “The development of the…

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Power Division Reports Major Tariff Cuts and Rs3.4 Trillion Relief in 2025 Reset

Admin
Power-Division

ISLAMABAD: The Power Division on Wednesday released its one-year performance report for 2025, highlighting deep electricity tariff reductions, elimination of long-term liabilities, and structural reforms aimed at modernizing the sector. Officials described the measures as a decisive reset of Pakistan’s power industry under the leadership of Prime Minister Shehbaz Sharif, with support from Chief of Defence Staff Field Marshal Syed Asim Munir and policy direction from Energy Minister Awais Ahmed Khan Leghari. The report stated that domestic electricity tariffs were reduced by Rs8.35 per unit, while industrial users received relief…

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