Author: Admin

Surge in Jet Fuel Prices Raises Operating Costs for Pakistani Airlines

Admin
Jet-Fuel

ISLAMABAD: A sharp increase in jet fuel prices has significantly raised operating costs for Pakistani airlines, prompting concerns that the current pricing structure could undermine the competitiveness of the country’s aviation sector and shift international traffic toward foreign carriers. The issue was discussed during a meeting of a cabinet committee formed by Prime Minister Shehbaz Sharif to monitor fuel prices in light of the evolving regional situation. The meeting, chaired by Finance Minister Muhammad Aurangzeb, reviewed developments in the energy sector and their impact on key industries. Officials informed the…

Read More

NEPRA Notifies Rs0.35/kWh Quarterly Tariff Adjustment for March–May 2026

Admin
New-Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has notified a positive quarterly tariff adjustment of Paisa 35 per kilowatt-hour (kWh) for the second quarter of FY2025-26, which will be recovered from electricity consumers between March and May 2026. According to the notification, issued under Section 31(7) of the Regulation of Generation, Transmission and Distribution of Electric Power Act 1997, the authority has approved an overall positive adjustment of Rs8.674 billion under the Quarterly Tariff Adjustment (QTA) mechanism. The increase has been attributed to variations in capacity charges, variable operation…

Read More

Sindh Govt Appoints Chairman and Members of SEPRA

Admin
energy-Department

KARACHI: The Government of Sindh has appointed a new chairman and members of the Sindh Electric Power Regulatory Authority (SEPRA), according to an official notification issued by the Services, General Administration and Coordination Department. As per the notification dated March 6, 2026, the appointments have been made under Section 2 of the Sindh Regulation of Electric Power Services Act 2023, following recommendations of the selection committee. Under the notification, Rafique Ahmed Shaikh has been appointed as Chairman of SEPRA. The newly appointed members include Nand Lal P. Sharma as Member…

Read More

PM Shehbaz Sharif Announces Nationwide Austerity Measures to Cut Government Spending

Admin
Shahbaz-Sharif1

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday announced a comprehensive national austerity policy aimed at reducing government expenditures and conserving fuel amid rising global energy prices and escalating tensions in the Middle East. In a televised address to the nation after chairing a special meeting on austerity measures, the prime minister said the region was facing heightened instability following the U.S.–Israel strike on Iran, adding that Pakistan was actively pursuing diplomatic efforts to help defuse the crisis. “The entire region is currently in a state of war,” he said, stressing…

Read More

Oil Prices Drop Over 6% as Trump Signals Possible Middle East De-escalation

Admin
oil-Price

Global oil prices plunged more than 6% on Tuesday after reaching their highest level in over three years a day earlier, as U.S. President Donald Trump suggested the conflict in the Middle East could soon come to an end, easing fears of prolonged supply disruptions. International benchmark Brent crude oil futures fell $6.51, or 6.6%, to $92.45 per barrel, while West Texas Intermediate (WTI) crude declined $6.12, or 6.5%, to $88.65. On Monday, oil prices had surged above $100 per barrel, with Brent and WTI touching session highs of $119.50…

Read More