Author: Admin

Pakistan Seeks to Offload Surplus LNG Amid Supply Glut, Faces \$378 Million in Losses

Admin
Pakistan-LNG

KARACHI/SINGAPORE (Reuters):Pakistan is exploring options to sell excess liquefied natural gas (LNG) cargoes as a growing supply glut threatens to cost domestic gas producers up to \$378 million annually, according to an official presentation and government sources. The country currently has at least three surplus LNG cargoes—imported under a long-term contract with top supplier Qatar—and limited domestic demand, forcing authorities to sell gas at steep discounts to local users. Gas-fired power generation, historically a major consumer of LNG, has steadily declined over the past three years, with solar power gaining…

Read More

Nestlé Pakistan Opens Clean Drinking Water Facility in Gilgit, Benefiting 10,000 Daily

Admin
nestle-pakistan

GILGIT:Nestlé Pakistan has inaugurated a clean and safe drinking water facility in Jutial, Gilgit, set to provide daily access to over 10,000 residents in the area. The facility was officially opened by Chief Secretary Gilgit-Baltistan, Abrar Ahmed Mirza, who praised the initiative as a meaningful step toward community well-being. “Access to clean and safe drinking water is an absolute necessity for all of us, and I am touched that Nestlé has focused so much of its community efforts for the people of Gilgit,” he said. “It is a remarkable contribution,…

Read More

Govt Pushes Ahead with NEV Policy, Unveils Rs100 Billion EV Subsidy

Admin
electrical-vehicles

ISLAMABAD:The government has taken a major step toward promoting clean transportation by advancing the National Electric Vehicle (NEV) Policy with a proposed subsidy package of Rs100 billion. The announcement was made during a high-level meeting chaired by Haroon Akhtar Khan, Special Assistant to the Prime Minister on Industries and Production. The meeting, attended by representatives of the Pakistan Banking Association and top insurance firms, focused on the framework and financial mechanisms to support the shift to electric vehicles. Haroon Akhtar Khan emphasized that the substantial subsidy reflects Prime Minister Shehbaz…

Read More

SSGC Blames KMC, TMCs for Karachi’s Dug-Up Roads Despite Rs11.9 Billion Disbursed

Admin
SSGC

KARACHI:The Sui Southern Gas Company (SSGC) has defended itself against criticism over dug-up roads across Karachi, stating that it disbursed Rs11.9 billion to the Karachi Metropolitan Corporation (KMC) and various Town Municipal Corporations (TMCs) for road-cutting and rehabilitation between July 2024 and June 2025. While political and civic groups have blamed the utility for damaging roads to lay pipelines, SSGC sources clarified that the company made timely payments as required, and the responsibility for restoring the roads lies with the municipal bodies. According to SSGC data, the highest payments—Rs3.55 billion—were…

Read More

Govt Rules Out New Power Surcharge, Announces Tariff Cut

Admin
Your-Bill

ISLAMABAD:The Power Division has clarified that there is no plan to impose a new power surcharge on electricity bills to cover commercial loans taken to reduce the circular debt. This assurance came during a public hearing convened to consider the division’s motion for reducing the national electricity tariff by up to Rs1.15 per unit due to tariff rebasing. Officials stated that the average national tariff would decrease from Rs32.73 to Rs31.59 per unit. All consumers, except those in the lifeline category, will benefit from the Rs1.15 per unit cut in…

Read More