Author: Admin

Proposed GST Hike Raises Concerns for Hybrid Vehicle Industry

Admin
electric-vehicles

KARACHI: A proposed increase in General Sales Tax (GST) on locally assembled hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs) has sparked concern among automobile manufacturers, who fear it could disrupt market dynamics and slow the shift towards cleaner mobility. The proposal suggests raising GST to 18 per cent from the current 8.5 per cent starting July 1, coinciding with the expiry of the existing auto policy on June 30, 2026. Industry stakeholders say they had expected the current concessional rate to remain in place until the policy’s…

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Govt Plans Subsidised Fuel Scheme for Motorcyclists, Rickshaw Drivers Amid Price Surge

Admin
New-fuel

ISLAMABAD: The federal government is considering a subsidised fuel scheme for motorcyclists and rickshaw drivers to ease the burden of rising oil prices, following a similar initiative by the Khyber Pakhtunkhwa government. Petroleum Secretary Hamed Yaqoob Sheikh informed the Senate Standing Committee on Petroleum that a relief package is being finalised to support low-income commuters who rely heavily on motorcycles and rickshaws. He said the government is taking steps aimed at mitigating the impact of recent fuel price hikes on the public. The development comes in the wake of significant…

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Pakistan’s Oil Tanker ‘Karachi’ Safely Navigates Strait of Hormuz Amid Rising Tensions

Admin

Pakistan’s oil tanker navigates Strait of Hormuz amid Iran tensions, to reach Karachi on March 17 A Pakistani oil tanker, ‘Karachi’, has crossed the Strait of Hormuz, a critical waterway for global energy supplies, amid escalating tensions between Iran and the US/Israel. The vessel, operated by Pakistan National Shipping Corporation, is expected to reach Karachi on March 17. According to Energy Update, the shipment was allowed to pass through the strait after payment was made in Chinese yuan, highlighting Pakistan’s diplomatic efforts. The tanker had loaded crude oil from Abu…

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Hormuz disruption could hit Pakistan’s exports, energy imports, FPCCI warns

Admin
Pakistan’s exports

Business leaders say shipping surcharges, longer transit times and higher diesel prices threaten trade competitiveness and could strain forex reserves Pakistan’s business community has warned that escalating tensions in the Middle East and the disruption of shipping through the Strait of Hormuz could severely impact the country’s exports, energy imports and foreign exchange stability. In a statement issued on Monday, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh said the crisis had already unsettled global shipping markets after the outbreak of the Iran conflict in…

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LNG shortage may affect power sector gas supply in April, Senate told

Admin
lng

Summary Pakistan may face LNG shortage after Apr 14, officials told a Senate panel. Middle East tensions have disrupted supplies, fuel prices surged, and gas to power sector has dropped from 300 to 130 MMCFD ISLAMABAD (Dunya News) – Liquefied natural gas (LNG) will not be available in the country after April 14, which may create difficulties in meeting the gas requirements of the power sector during April, official told it to the Senate Standing Committee on Petroleum. The committee meeting was held under the chairmanship of Senator Manzoor Ahmed,…

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