Author: Admin

The Privatisation Commission (PC) Board, in its 252nd meeting held today under the chairmanship of Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation, reviewed the progress on the first closing of the privatisation transaction of Pakistan International Airlines Corporation Limited (PIACL). During the meeting, the Financial Adviser briefed the Board on the progress achieved towards the fulfilment of the conditions precedent outlined in the Share Purchase and Subscription Agreement (SPSA), including key regulatory, financial, and transactional requirements necessary for completion of the first closing. The Board expressed satisfaction…

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May 19, 2026: As Eid-ul-Azha approaches, K-Electric (KE) urges citizens to adopt essential safety measures and strictly refrain from using electrical infrastructure to tie sacrificial animals. The power utility emphasises that animals should not be tied near electricity poles, transformers, wires, or any other electrical installations, as proximity to such infrastructure poses serious risks of electrocution and injury. KE further advises residents to avoid use of water while washing sacrificial areas near electrical installations. Citizens are also urged to refrain from hanging decorative lights, ropes, or temporary animal enclosures on…

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Islamabad, May 20, 2026. Federal Minister for Petroleum Mr. Ali Pervaiz Malik today witnessed the signing ceremony of Production Sharing Agreements (PSAs) and Exploration Licences (ELs) for offshore exploration blocks awarded under the Offshore Bid Round 2025, marking the formal reopening of Pakistan’s offshore frontier after nearly two decades. The awarded blocks are located in the Indus and Makran offshore basins adjoining the territorial waters of Sindh and Balochistan. The Offshore Bid Round 2025 attracted bids covering approximately 54,600 square kilometres of Pakistan’s offshore area, resulting in the award of…

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Karachi: Oil Marketing Companies (OMCs) have fallen short of petroleum uplift commitments from local refineries, despite repeated directives from the Oil and Gas Regulatory Authority (OGRA), according to industry sources. The shortfall relates to commitments made during the Product Review Meeting (PRM) for May, with supply data indicating that upliftment of petrol and high-speed diesel (HSD) remained below prorated targets in the first half of May 2026. Official figures up to May 17 show motor spirit (petrol) upliftment at 330,181 metric tonnes against a target of 357,274 tonnes, reflecting a…

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Karachi: Mayor Karachi Barrister Murtaza Wahab on Tuesday said that concrete steps are being taken to transform Karachi into a greener, more environmentally friendly and pollution-free city, as a large-scale urban forest initiative was inaugurated near the EBM Causeway along Shahrah-e-Bhutto. Speaking at the inauguration ceremony, the Mayor said the project would play an important role in improving air quality, reducing pollution, and providing citizens with a healthier urban environment. Under the initiative, around 10,000 trees have already been planted along the EBM Causeway, while the overall target is to…

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