Author: Admin

Pakistan Welcomes First RoRo Vessel Carrying Over 2,000 Electric Vehicles

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RoRo Vessel

KARACHI: Pakistan has received its first-ever roll-on/roll-off (RoRo) vessel carrying more than 2,000 electric vehicles (EVs), marking a significant milestone in the country’s automotive import and maritime logistics sectors. The M.V. Grande Shanghai docked at the Karachi Gateway Terminal Limited (KGTML) at Karachi Port, where the vehicles were unloaded by being driven directly off the vessel via built-in ramps, eliminating the need for cranes and significantly speeding up the discharge process. Federal Minister for Maritime Affairs Junaid Anwar Chaudhry described the arrival as a landmark achievement for Pakistan’s maritime industry,…

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Iran Launches Fresh Attacks on US Bases as Gulf Conflict Intensifies

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Iran Launches Fresh Attacks

DUBAI: Iran launched fresh missile and drone attacks on US military facilities across the Gulf on Friday, following a sixth consecutive night of American airstrikes on Iranian military targets, deepening tensions and raising fears of a wider regional conflict. The US military said its latest operations targeted Iranian military infrastructure on Qeshm Island and near Bandar Abbas, home to Iran’s largest commercial port and key naval and Islamic Revolutionary Guard Corps (IRGC) installations. According to the US Central Command (CENTCOM), the overnight operation involved fighter aircraft, drones and warships that…

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PM Orders Crackdown on Fuel Hoarding as Regional Tensions Raise Supply Concerns

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Iran Launches Fresh Attacks

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday directed the authorities, in coordination with provincial governments, to take strict action against anyone creating an artificial shortage of petroleum products, as escalating regional tensions continue to fuel concerns over energy security and rising oil prices. Chairing a high-level meeting to assess the economic impact of the evolving situation in the Gulf, the prime minister said Pakistan’s economy remained stable but stressed the need for a comprehensive strategy to respond swiftly to any emerging challenges. He warned that continued instability in the region…

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Petrol, Diesel Prices Expected to Rise as Global Oil Rates Surge

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Pakistan Petroleum Ltd makes third discovery in Sujawal

KARACHI: Petrol and diesel prices in Pakistan are expected to increase in the upcoming fortnight, driven by a sharp rise in international oil prices, according to market estimates. High-speed diesel (HSD) is likely to witness the steepest increase, with prices projected to rise by Rs40.75 per litre if the government passes on the full impact of higher global fuel costs. Petrol prices are also expected to increase by around Rs8 per litre. The anticipated hike follows a significant jump in international diesel prices, which have climbed by *$20 per barrel,…

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Petrol Stocks Drop to 14-Day Cover as Oil Industry Warns Against Hoarding

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Petrol-Diesel

ISLAMABAD: Pakistan’s oil industry has urged the government to take immediate steps to discourage fuel hoarding after the country’s petrol stocks fell to a 14-day cover, raising concerns over potential supply disruptions amid rising international oil prices triggered by renewed US-Iran tensions. The issue was reviewed during an emergency meeting of the National Coordination and Management Council (NCMC), the recently established civil-military body overseeing energy supplies. The meeting, chaired by Minister for Economic Affairs Ahad Khan Cheema with Lt Gen Zafar Iqbal as co-chair of its executive committee, assessed petroleum…

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