Author: Admin

Islamabad: The government has secured financial relief worth millions of dollars in LNG terminal capacity payments following negotiations with private terminal operators, after earlier disruptions in liquefied natural gas (LNG) supplies from Qatar impacted the energy supply chain. Two major LNG terminal operators — Engro Elengy Terminal Pakistan Limited (EEPTL) and Pakistan GasPort Limited (PGPCL) — have agreed to provide one-time commercial relief by partially reducing fixed, dollar-denominated capacity charges payable under long-term contracts. The development follows supply disruptions linked to regional tensions affecting Qatar’s Ras Laffan LNG facilities, which…

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Islamabad: The Federal Board of Revenue (FBR) on Friday restored the sales tax registration of K-Electric, reinstating its active taxpayer status. According to details available on the FBR’s online portal, the utility’s registration now reflects an “active sales tax status,” confirming that its registration has been reactivated. The development follows earlier changes in the company’s tax registration status, though no official statement has been issued by the FBR or K-Electric regarding the reason behind the temporary suspension or its restoration. With the reinstatement, K-Electric’s compliance status has returned to normal…

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Islamabad: The Ministry of Defence has cautioned the Prime Minister’s Office and the Ministry of Finance that continued delays in the payment of pending compensation for victims of the Mangla Dam Raising Project could trigger public protests and potentially affect internal security, according to well-informed sources. The warning highlights growing concerns over unresolved financial claims linked to the large-scale resettlement and land acquisition process carried out under the Mangla Dam expansion project, which was implemented between June 2004 and September 2007 to restore reservoir capacity lost to sedimentation. The project…

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Islamabad: The Executive Committee of the National Economic Council (ECNEC) on Friday approved a range of major development initiatives, including the detailed design of the Main Line-1 (ML-1) railway project, Thar Coal Rail Connectivity, Havelian Dry Port, and arrangements linked to the Diamer-Bhasha Dam. The meeting was chaired by Deputy Prime Minister and Foreign Minister Ishaq Dar, who reiterated the government’s commitment to strengthening national infrastructure, improving public services, and addressing development needs across all provinces. Among the key approvals were the ML-1 detailed design project, Havelian Dry Port, Lowari…

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Lahore: Pakistan’s proposed New Energy Vehicle (NEV) policy, aimed at accelerating the transition towards cleaner transportation and reducing reliance on imported fuel, is facing increasing criticism from automobile manufacturers and local auto parts vendors who fear the framework could undermine the country’s existing automotive industry. The draft policy seeks to promote transport electrification, reduce emissions, lower oil imports and develop a domestic electric vehicle ecosystem, while targeting 30 per cent NEV adoption by 2030. However, industry stakeholders argue that the proposed framework may unintentionally discourage the growth of fully electric…

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