Author: Admin

ISLAMABAD:Pakistan has taken a significant step towards diversifying its energy supply as a $430 million crude oil import deal with the United States helps reduce reliance on the Strait of Hormuz and supports efforts to narrow the country’s trade gap. In a major private-sector transaction, Cnergyico Pk has imported six million barrels of US West Texas Intermediate (WTI) crude, marking one of the largest commercial crude oil deals between Pakistan and the US. The arrangement reflects a strategic shift towards diversified energy sourcing amid geopolitical uncertainty and balance-of-payments pressures. Of…

Islamabad: In a landmark constitutional and fiscal verdict, the Federal Constitutional Court (FCC) on Tuesday upheld the legality of the super tax and set aside earlier judgements of the high courts that had struck down or diluted the levy, declaring that Parliament has exclusive authority to impose taxes. Announcing its short order, a three-member FCC bench headed by Chief Justice Aminuddin Khan, and comprising Justice Syed Hasan Azhar Rizvi and Justice Syed Arshad Hussain Shah, ruled that Sections 4-B and 4-C of the Income Tax Ordinance (ITO) 2001 are intra…

Islamabad: The federal government has appointed Dr. Munwar Iqbal Kamboh as the Managing Director of the Private Power and Infrastructure Board (PPIB) on a temporary basis for a period of three months. Prior to this appointment, Dr. Kamboh was serving as Director General (Hydel) at PPIB, where he was overseeing all private-sector hydropower projects currently under construction. He brings extensive experience in managing and supervising energy infrastructure projects, particularly in the hydropower sector. Dr. Munwar Iqbal Kamboh has replaced Mr. Shah Jahan Mirza, who served as the head of PPIB…