Author: Admin

ISLAMABAD: The government collected over Rs1.2 trillion from consumers under the petroleum levy during the first nine months of the current fiscal year, while more than Rs35 billion was recovered through the Climate Support Levy (CSL), according to official documents. Records show that petroleum levy collections remained consistently high throughout the fiscal year. The government collected Rs145 billion in July 2025, Rs115 billion in August, Rs111 billion in September, Rs145 billion in October, Rs151 billion in November, Rs157 billion in December, Rs124 billion in January 2026, Rs120 billion in February,…

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ISLAMABAD: The Pakhtunkhwa Energy Development Organisation (PEDO) has challenged the exclusion of two key hydropower projects from the Indicative Generation Capacity Expansion Plan (IGCEP) 2025–35, filing a petition in the Islamabad High Court (IHC) against federal energy authorities. The petition, submitted through Advocate Irfan Muawar Gill, was admitted by the court, which subsequently issued notices to the federal government, the Independent System and Market Operator (ISMO), and the National Electric Power Regulatory Authority (NEPRA). PEDO argued that Pakistan’s power sector planning framework underwent a major constitutional shift in 2021 when…

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Islamabad, May 11,2026 Federal Minister for Petroleum Ali Pervaiz Malik chaired a high-level meeting at the Petroleum Division with the CEOs/Managing Directors of the country’s oil refineries to review and accelerate the operationalization of Brownfield Upgradation Refinery Policy. At the outset, the Federal Minister underscored the strategic importance of the refining sector and emphasized that local refineries are critical national assets for ensuring uninterrupted fuel supply and strengthening Pakistan’s energy security. He noted that the ongoing regional situation arising from the US-Iran conflict has further highlighted the urgency of reducing…

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KARACHI: A high-profile Chinese trade delegation, comprising over 50 prominent business leaders and investors, visited the Federation House in Karachi today. The visit, facilitated by Pakistan’s Ambassador to China, Khalil Hashmi, marks one of the most significant industrial and investment missions from China in recent years. Strategic B2B EngagementsThe delegation held intensive Business-to-Business (B2B) meetings with Pakistani entrepreneurs and industrialists. Both sides reached a consensus on the urgent need to strengthen bilateral trade relations through joint ventures and direct investment. The visiting delegation represents a diverse range of key economic…

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ISLAMABAD: The federal government has further increased the burden of petroleum levy on consumers after raising the levy on petrol and high-speed diesel in line with conditions set by the International Monetary Fund. According to sources, the government has increased the petroleum levy on both petrol and high-speed diesel by Rs13.91 per litre. Following the increase, the petroleum levy on petrol has been fixed at Rs117.41 per litre, while the levy on high-speed diesel (HSD) has been set at Rs42.60 per litre. Sources said the levy on petrol was raised…

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