ECO’s Economic Potential Needs to be Turned into Tangible Trade and Investment Atif Ikram Sheikh, President FPCCI Karachi: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and President of the ECO Chamber of Commerce and Industry (ECO-CCI), has stressed upon transforming the vast economic potential of the ECO region into tangible trade, investment and business opportunities through greater connectivity, trade facilitation and private-sector cooperation. Addressing a high-profile meeting of the ECO-CCI, attended by representatives of National Chambers of Commerce and Industry from all…
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OASIS Calls for 35% Indigenous Gas Allocation to General, Process Industries
# OASIS Calls for 35% Indigenous Gas Allocation to General, Process Industries **ISLAMABAD:** The Organisation for Advancement & Safeguard of Industrial Sector (OASIS) has urged the Petroleum Division and Oil and Gas Regulatory Authority (OGRA) to strictly reserve **35% of third-party domestic system gas** for general and process industries, warning that diversion of indigenous gas to captive power plants and CNG stations could hurt industrial growth, exports and economic activity. In a letter to the Secretary of the Ministry of Energy (Petroleum Division), OASIS highlighted what it described as a…
Read MorePower Tariff May Rise Rs2.50 per Unit Under July FCA
# Power Tariff May Rise Rs2.50 per Unit Under July FCA **ISLAMABAD:** Electricity consumers of distribution companies (Discos) and K-Electric may face an increase of around **Rs2.50 per unit** in their power tariffs for July 2026 under the monthly Fuel Charges Adjustment (FCA), with the proposed adjustment expected to generate more than **Rs34 billion** from consumers, sources said. The higher positive FCA is mainly attributed to increased electricity consumption during July and greater reliance on expensive fuels, including **spot-market LNG and furnace oil**, to meet peak-hour demand. The National Electric…
Read MoreChina’s Solar Exports Fall 21.4% in July as Tax Rebate Ends
# China’s Solar Exports Fall 21.4% in July as Tax Rebate Ends **BEIJING:** China’s exports of solar cells and panels fell **21.4% year-on-year in July**, marking the third consecutive monthly decline as the withdrawal of an export tax rebate continued to weigh on shipments, according to customs data released Tuesday. China, the world’s largest solar manufacturing hub, exported around **830,000 metric tonnes** of solar cells and panels in July, down from 980,000 tonnes in June and significantly below the record monthly volume of 1.75 million tonnes recorded in March. The…
Read MoreOGRA Develops Real-Time Petroleum Stock Monitoring System
# OGRA Develops Real-Time Petroleum Stock Monitoring System **ISLAMABAD:** The Oil and Gas Regulatory Authority (OGRA) is developing a digital system to obtain real-time petroleum stock and supply data directly from oil marketing companies (OMCs) and refineries, aiming to improve the accuracy, reliability and timeliness of information across the country’s fuel supply chain. According to official documents, the new platform will collect data from OMCs and refineries through their **Enterprise Resource Planning (ERP) systems**, while petroleum stock positions will be monitored through **Automatic Tank Gauging (ATG) sensors**. The digital platform…
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