Author: Admin

ISLAMABAD: In an unprecedented move, the Petroleum Division has engaged leading audit firm KPMG to determine which categories of domestic gas consumers will face a price hike starting July 1, 2025, under a broader reform agenda aligned with IMF conditions. A senior Energy Ministry official confirmed that it is the first time an external consultancy has been tasked with advising the government on sale gas price adjustments. KPMG’s recommendations will guide which consumer slabs should absorb the increase, ensuring zero financial shortfall for state-owned gas utilities. This development follows Ogra’s…

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ISLAMABAD: Federal Minister for Energy Ali Pervaiz Malik is leading Pakistan’s delegation to the St. Petersburg International Economic Forum (SPIEF) 2025, where he is actively pursuing Russian investment in Pakistan’s mining sector. During key bilateral meetings on the sidelines of the forum, Malik met with Russian Energy Minister Sergei Tsivilev, who also co-chairs the Pakistan-Russia Inter-Governmental Commission (IGC). Both sides discussed deepening cooperation in energy, trade, investment, banking, insurance, mining, and people-to-people exchanges. Russia reaffirmed its interest in enhancing bilateral ties and welcomed the upcoming 10th session of the IGC,…

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LAHORE: Pakistan’s auto industry has raised serious concerns over the federal government’s target of achieving 30% electric vehicle (EV) penetration by 2030, calling the goal both ambitious and daunting for a country grappling with economic challenges. Industry veteran Jamil Asghar, with over three decades of experience in the motorcycle sector, questioned the feasibility of the target by drawing comparisons with India’s experience. He noted that despite massive financial interventions over the past decade — including FAME I and II schemes and the recent PM-EDRIVE initiative — India’s EV penetration remains…

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