Author: Admin

Govt targets lower energy costs, easier business regulations

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September 09, 2026 (MLN): Prime Minister Shehbaz Sharif has reaffirmed the government’s commitment to expanding business activity, lowering the cost of doing business and creating a more investor-friendly regulatory environment. The Prime Minister made these remarks during a meeting with a delegation of leading industrialists and business figures in Islamabad. Shehbaz Sharif identified lower energy costs as a major government priority and said measures were being pursued to provide relief to businesses. He also directed authorities to take immediate action on issues raised by the business community, according to Radio Pakistan.…

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FPCCI calls for PDL relief as higher oil prices squeeze exporters

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FPCCI

Pakistan’s exporters are facing higher production and transportation costs as volatile global oil prices feed through to domestic industry, prompting the country’s apex trade body to seek targeted relief from petroleum levies. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) called for an immediate suspension of the Petroleum Development Levy (PDL) for export-oriented manufacturing, saying firms should be partly insulated from international oil-price shocks. FPCCI President Atif Ikram Sheikh said higher high-speed diesel (HSD) and furnace oil prices were raising inland freight, supply-chain, power generation and manufacturing costs.…

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Petrol price up Rs3.40, diesel jumps Rs6.72 for September 10

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ISLAMABAD: The government has increased the price of petrol by Rs3.40 per litre and high-speed diesel (HSD) by Rs6.72 per litre, with the revised prices applicable for September 10, 2026. According to the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the revised petroleum pricing mechanism issued by the Federal Government. Following the latest increase, the ex-depot price of HSD has risen from Rs385.95 to Rs392.67 per litre, registering a hike of Rs6.72 per litre. The price of petrol, officially termed…

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Five Pakistani Cities Among World’s Least Resilient to Climate Risk

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ISLAMABAD: Five major Pakistani cities have been ranked among the world’s 10 least resilient cities to climate risk, highlighting the country’s growing vulnerability to extreme heat and other climate-related threats. Hyderabad, Multan, Lahore, Faisalabad and Karachi featured among the 10 least resilient cities in a new assessment covering 72 major urban centres worldwide. The report, prepared by Singapore-based geospatial analytics company AlphaGeo, assesses cities based on physical climate exposure and their capacity to adapt to associated risks. According to the ranking, Hyderabad was placed second, Multan third, Lahore fifth, Faisalabad…

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Frequent HSD Pricing Changes Put OMC Supplies and Refinery Utilisation at Risk

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New-Project131

ISLAMABAD: Pakistan’s oil marketing companies (OMCs) and refineries are facing mounting financial and operational pressure from repeated changes to the high-speed diesel (HSD) pricing mechanism, with industry stakeholders warning that another downward intervention could make diesel imports and crude procurement commercially unviable, reduce refinery utilisation and eventually disrupt petroleum supplies. Industry officials said the problem already exists under the current capped HSD pricing arrangement, which does not adequately reflect the actual cost of imported crude and finished diesel cargoes. Any further reduction in the pricing benchmark could widen the gap…

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