Author: Admin

ISLAMABAD: Oil refineries have agreed to reduce their margins on high-speed diesel (HSD) by a further $3.9 per barrel at the government’s request, contributing to a reduction of Rs7.69 per litre in diesel prices on October 19. The decision followed consultations between Petroleum Minister Ali Pervaiz Malik and executives of five refineries: Attock Refinery, National Refinery, Cnergyico Pk, Pakistan Refinery and Pak-Arab Refinery. During a meeting on Monday, the industry agreed to extend further relief to consumers despite mounting financial pressures linked to international crude oil prices. Following the consultations,…

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ISLAMABAD: The Punjab Power Development Company Limited (PPDCL) faced strong opposition from other power-sector entities and questions from the regulator on Tuesday over its request to increase electricity tariffs for three hydropower projects by more than Rs3 per unit. The National Electric Power Regulatory Authority (NEPRA) held a public hearing to examine PPDCL’s petition concerning the Chianwali, Marala and Pakpattan hydropower projects. During the proceedings, the company stated that the existing total fixed charge stood at Rs7.4316 per kilowatt-hour (kWh), amounting to Rs371.54 million, and sought an increase to Rs10.9133…

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ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has initiated consultations on a proposed $2.3 billion project to install 16.2 million Advanced Metering Infrastructure (AMI) electricity meters across five power distribution companies (Discos), amid concerns from the business community over project costs, payment guarantees and the potential financial burden on consumers. The project envisages replacing single-phase electricity meters in Lahore Electric Supply Company (LESCO), Multan Electric Power Company (MEPCO), Peshawar Electric Supply Company (PESCO), Quetta Electric Supply Company (QESCO) and Hazara Electric Supply Company (HAZECO) through public-private partnerships (PPPs). The…

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Karachi, October 20, 2026: An important meeting of the Transport and Mass Transit Department was held under the chairmanship of Sindh Senior Minister and Provincial Minister for Information, Transport and Mass Transit, Sharjeel Inam Memon. Secretary Transport Asad Zamin, CEO Trans Karachi Zubair Channa, Project Director Yellow Line Kamal Dayo, Managing Director Sindh Mass Transit Authority Behzad Memon, and other relevant officers attended the meeting. Officials gave the Senior Minister a detailed briefing on progress on transport projects. Various matters, including construction work on the Yellow Line and Red Line,…

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ISLAMABAD: Liquefied petroleum gas (LPG) prices have surged to an unprecedented Rs600 per kilogram in Pakistan’s northern areas, with a domestic cylinder reportedly selling for as much as Rs7,200 following the suspension of LPG imports from Iran amid the closure of trade border points. According to Irfan Khokhar, chairman of the Pakistan LPG Distribution Association, LPG is being sold at around Rs500 per kilogram in Punjab and Khyber Pakhtunkhwa (KP), where a domestic cylinder is fetching approximately Rs6,000. Industry representatives have warned that prices could rise further if supply disruptions…

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