Author: Admin

Petroleum Levy Cut on Petrol May Force Revision of Revenue Target

Admin
petrol-price

ISLAMABAD: The government’s decision to significantly reduce the petroleum levy (PL) on petrol is likely to impact its revenue projections, potentially leading to a revision of the budgeted target for the current fiscal year, sources said. Prime Minister Shehbaz Sharif on Friday announced a reduction of Rs80 per litre in the PL on petrol, bringing it down from Rs160.61 to Rs80.61 per litre, effective April 4, 2026. As a result, petrol prices declined sharply to Rs378.41 per litre from Rs458.41, while the price of High-Speed Diesel (HSD) remained unchanged at…

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Nepra Fines CPPA-G for Violations, Says Consumers ‘Overburdened’ by Costly Power Decisions

Admin
New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority has imposed a penalty on Central Power Purchasing Agency Guarantee Limited for financially overburdening consumers through violations of the Economic Merit Order (EMO) and curtailment of cheaper wind-generated electricity. The regulator took action after CPPA-G claimed a Fuel Charges Adjustment (FCA) of Rs7.13 per kWh for January 2024, against an actual pooled fuel cost of Rs14.60 per kWh — nearly double the reference fuel cost of Rs7.49 per kWh determined earlier for FY2024-25. The sharp deviation triggered concerns and led to a public…

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Pakistan Shows Relative Stability Amid Global Oil Price Shock: Govt Report

Admin
New-oil4

KARACHI: Pakistan has maintained relative stability in fuel pricing despite a sharp global oil shock triggered by geopolitical tensions, according to a report released by the Ministry of Information and Broadcasting. The report highlights unprecedented volatility in global petroleum markets during March and early April 2026, with diesel prices witnessing an extraordinary surge. International diesel rates climbed from around $88 per barrel in late February to approximately $238 per barrel by early April — a cumulative increase of over 170%. Petrol prices also showed sharp fluctuations, rising from about $74…

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PSX Among Worst Global Performers Amid Inflation, Geopolitical Pressures

Admin
New-Project6

KARACHI: Pakistan’s equity market has emerged as one of the weakest globally in early 2026, weighed down by rising inflation and intensifying geopolitical tensions, according to a report by Topline Securities Ltd. Data showed that the benchmark KSE-100 Index posted a negative return of 14.6% in US dollar terms during 3QFY26, placing Pakistan among the bottom three performing markets worldwide. Other regional markets also struggled, with India and Indonesia recording even steeper declines of 19.4% and 19%, respectively. In contrast, frontier markets such as Ghana, Oman, and Nigeria led global…

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Fuel Price Shock Triggers Industry Alarm, Calls for Emergency Relief Measures

Admin
Petrol-oil

KARACHI: A sharp surge in fuel prices has sparked serious concern across Pakistan’s business community, with industry leaders warning of rising production costs, declining export competitiveness, and potential economic disruption. Amid escalating global oil prices linked to tensions in the Middle East, representatives of the Federation of Pakistan Chambers of Commerce and Industry have urged the government to declare an economic emergency and temporarily suspend the Petroleum Development Levy (PDL) to provide immediate relief to businesses and consumers. FPCCI President Atif Ikram Sheikh cautioned that the textile and manufacturing sectors…

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