Author: Admin

NRL Optimistic as Refinery Policy Nears Approval, Plans Major Upgrade

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NRL

KARACHI: National Refinery Limited (NRL) expects the long-awaited refinery policy to receive government approval soon, with the company saying that most outstanding issues have been resolved, paving the way for its planned brownfield refinery upgrade. Speaking at the *Pakistan Investor Connect Conference, NRL Chief Executive Officer *Asad Hasan said the proposed upgrade, estimated to cost between *$400 million and $1.2 billion, is expected to take *five to six years to complete after the policy is approved and implemented. A feasibility study for the project is currently being conducted by UK-based…

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Punjab Launches Electric Bus Service in Five Districts, Expands Green Transport Drive

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electric bus service

LAHORE: Punjab Chief Minister Maryam Nawaz on Thursday inaugurated an electric bus service in five districts, marking another step in the provincial government’s drive to promote clean, affordable and sustainable public transportation. Speaking at the launch ceremony, the chief minister announced that the electric bus service has been introduced in Layyah, Chiniot, Sialkot, Okara and Murree, with plans to gradually expand the initiative to all cities and tehsils across Punjab. She said the project would provide citizens with safe, comfortable and affordable transport while reducing environmental pollution. Describing it as…

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Pakistan Welcomes First RoRo Vessel Carrying Over 2,000 Electric Vehicles

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RoRo Vessel

KARACHI: Pakistan has received its first-ever roll-on/roll-off (RoRo) vessel carrying more than 2,000 electric vehicles (EVs), marking a significant milestone in the country’s automotive import and maritime logistics sectors. The M.V. Grande Shanghai docked at the Karachi Gateway Terminal Limited (KGTML) at Karachi Port, where the vehicles were unloaded by being driven directly off the vessel via built-in ramps, eliminating the need for cranes and significantly speeding up the discharge process. Federal Minister for Maritime Affairs Junaid Anwar Chaudhry described the arrival as a landmark achievement for Pakistan’s maritime industry,…

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Iran Launches Fresh Attacks on US Bases as Gulf Conflict Intensifies

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Iran Launches Fresh Attacks

DUBAI: Iran launched fresh missile and drone attacks on US military facilities across the Gulf on Friday, following a sixth consecutive night of American airstrikes on Iranian military targets, deepening tensions and raising fears of a wider regional conflict. The US military said its latest operations targeted Iranian military infrastructure on Qeshm Island and near Bandar Abbas, home to Iran’s largest commercial port and key naval and Islamic Revolutionary Guard Corps (IRGC) installations. According to the US Central Command (CENTCOM), the overnight operation involved fighter aircraft, drones and warships that…

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PM Orders Crackdown on Fuel Hoarding as Regional Tensions Raise Supply Concerns

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Iran Launches Fresh Attacks

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday directed the authorities, in coordination with provincial governments, to take strict action against anyone creating an artificial shortage of petroleum products, as escalating regional tensions continue to fuel concerns over energy security and rising oil prices. Chairing a high-level meeting to assess the economic impact of the evolving situation in the Gulf, the prime minister said Pakistan’s economy remained stable but stressed the need for a comprehensive strategy to respond swiftly to any emerging challenges. He warned that continued instability in the region…

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