Author: Admin

SIFC Steps In to Resolve $6bn Refinery Upgrade Stalemate

Admin
New-OCAC

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has convened an urgent meeting on September 18 to address the mounting challenges faced by Pakistan’s oil industry, which has stalled $6 billion worth of refinery upgrade projects due to unresolved tax issues. Refineries and oil marketing companies (OMCs) have been reeling from heavy financial losses after the government’s sales tax exemption on petroleum products caused a shortfall of Rs34 billion in FY25. Although a temporary recovery mechanism was later introduced, the core issue remains unresolved. In the Finance Bill 2025, the government…

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Govt Allows RLNG-Based Gas Connections, Lifts 13-Year Moratorium

Admin
New-RLNG

ISLAMABAD: The federal government has opened the way for new household and commercial gas connections, but strictly on regasified liquefied natural gas (RLNG) tariffs, ending a moratorium that has been in place since 2009. In a notification issued on Tuesday, the Ministry of Energy (Petroleum Division) directed the Oil and Gas Regulatory Authority (Ogra) and the two gas utilities — Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) — to immediately begin processing applications under the new framework. The cabinet, in its meeting on Sept…

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H.E. Dato’ Mohammad Azhar Mazlan Promises Facilitation to Exporters for improved Market Access to MalaysiaPresident FPCCI

Admin
New-Project27

Karachi: . Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has informed that the apex body has hosted a high-profile, interactive and consultative meeting with H.E. Dato’ Mohammad Azhar Mazlan, High Commissioner of Malaysia in Pakistan, aimed at fostering trade, industry and investment cooperation between the two brotherly countries. President FPCCI mentioned that High Commissioner of Malaysia and his team of senior diplomats have assured their support in correcting Pakistan’s bilateral trade deficit with Malaysia through facilitating Pakistani exporters and enhancing market access.…

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PAEC Chairman Stresses Climate Vulnerability, Showcases Pakistan’s Nuclear Contributions at IAEA General Conference

Admin
New-Project26

ISLAMABAD, September 16 (APP): Chairman Pakistan Atomic Energy Commission (PAEC), Dr. Raja Ali Raza Anwar, has said that Pakistan, despite contributing minimally to global carbon emissions, remains among the most climate-vulnerable countries and is actively mitigating these impacts through peaceful applications of nuclear technology. Delivering Pakistan’s National Statement at the Plenary Session of the 69th General Conference of the International Atomic Energy Agency (IAEA) in Vienna, Dr. Anwar reaffirmed Pakistan’s commitment to advancing clean, reliable, and sustainable nuclear energy. He congratulated the newly elected officers of the Conference and welcomed…

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Poland to boost investment in Pakistan’s oil and gas sector

Admin
Poland-Pak

ISLAMABAD: During a meeting with Finance Minister Muhammad Aurangzeb on Monday, Polish Ambassador Maciej Pisarski reiterated Poland’s strong interest in expanding its footprint in Pakistan’s oil and gas sector, which already holds investments exceeding $100 million.Ambassador Pisarski stated that Poland intends to reinvest locally generated resources into new exploration projects and is looking to share technical expertise and regulatory support with Pakistan. He noted that bilateral trade has surpassed $1 billion, largely in Pakistan’s favor, and expressed Poland’s desire to broaden cooperation into mining and other resource-rich areas.Finance Minister Aurangzeb…

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