Author: Admin

FPCCI Raises Alarm Over Dnata’s Ad-Hoc Cargo Charges, Cites Threat to Export Competitiveness

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FPCCI-Project

Karachi: Saquib Fayyaz Magoon, Chairman BMP-Progressive and Senior Vice President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has strongly criticized Gerry’s Dnata for imposing an ad-hoc handling charge of Rs50 per kilogram (excluding taxes) on export cargo, calling the move unfair, unilateral, and damaging to Pakistan’s already strained export sector. In a statement, Magoon highlighted that exporters are already facing mounting challenges, including rising business costs, record-high international freight rates, and a difficult global trade environment. He warned that the sudden additional charge would directly erode the…

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Trump claims victory as Iran resists, sending oil prices soaring and global economy into tailspin

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oil prices

WASHINGTON: Former US President Donald Trump has claimed victory in a conflict with Iran, but Tehran continues to resist, a situation that has sent oil prices through the roof and pushed the global economy into a tailspin, according to reports. An unplanned war with unintended consequences The escalating standoff between the United States and Iran has produced far-reaching and largely unintended consequences for the global economy. What has been described as an unplanned war has spiralled into a crisis with ramifications well beyond the Middle East, affecting energy markets and international…

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Pakistan expands domestic power generation as Asian LNG shortages bite

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lng

SINGAPORE/KARACHI: Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials say, as the US-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand. Asia spot LNG prices have doubled to three-year highs in the second major supply shock in four years, as shipping through the Strait of Hormuz has all but stopped and No.2 global exporter Qatar has halted shipments. In South Asia, Bangladesh is increasing coal power generation and coal-fired power imports in March,…

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Sindh accelerates digital governance drive as CM Murad Shah oversees expansion of e-stamping system730,000 challans processed, Rs12.8 bn collected through e-Stamping platform

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New-Project108

KARACHI (March 17): Sindh Chief Minister Syed Murad Ali Shah launched an expanded push for digital governance in the province, describing technology-driven reforms as central to building a transparent, efficient and citizen-centric government, as he presided over the signing ceremony for the e-Stamping system.The ceremony held at CM House was attended by Provincial Ministers Dr Azra Fazal Pechuho and Syed Sardar Shah, SACM Ali Rashid, Spokespersons Nadir Gabol and Buland Junejo, Chief Secretary Asif Hyder Shah, Chairman P&D Najam Shah, and Senior Member Board of Revenue Khalid Hyder Shah, Secretary…

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“Oil from Yanbu to Karachi Will Take 9 Days, Triple Strait of Hormuz Route; Country Braces for Energy Crunch”

Admin
New-Project107

Karachi, March 17, 2026: Pakistan is preparing for a critical delivery of crude oil to Karachi Port as the second oil tanker, carrying 70,000 metric tons, is expected to arrive via Saudi Arabia’s port city of Yanbu in the next three days. According to sources at Energy Update, the tanker’s chosen route is significantly longer than the traditional passage through the Strait of Hormuz, taking approximately nine days instead of 2.5 days. Officials note that while this extended route increases transportation costs, it is necessary to ensure uninterrupted energy supply…

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