Category: Latest News

KARACHI, PAKISTAN – May 12, 2026: The 23rd International Trade & Industrial Fair (ITIF Asia 2026) officially commenced today at the Expo Center Karachi with a prestigious inauguration ceremony led by Governor Sindh, Nehal Hashmi. The three-day mega industrial exhibition, taking place from May 12–14, has already emerged as a vibrant platform for industrial innovation, technology transfer, and international business collaboration. The inauguration ceremony was attended by senior government officials, diplomats, trade representatives, industrialists, and business leaders from across Pakistan and abroad. Governor Hashmi toured various exhibition halls, interacted with…

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Islamabad, May 12,2026, Federal Minister for Petroleum Mr. Ali Pervaiz Malik held a meeting with the Ambassador of the State of Kuwait to Pakistan, H.E. Mr. Nassar Abdulrahman Jasser Almutairi. The meeting focused on regional developments, energy cooperation, and agreed to further strengthen bilateral relations and expand collaboration in areas of common interest. The Federal Minister expressed sincere gratitude to the Government of Kuwait for its timely facilitation and support in ensuring the safe dispatch of vessel Khairpur, which reached Pakistan carrying diesel supplies during a challenging period. He highlighted…

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RIYADH: Saudi energy giant Aramco has warned that the ongoing Middle East conflict has triggered the world’s largest-ever energy supply shock, with global oil markets likely to remain unstable until 2027 even if the Strait of Hormuz reopens soon. Addressing investors on Monday, Aramco President and CEO Amin H. Nasser said the disruption to global energy supplies had created unprecedented volatility in international oil markets. “The energy supply shock that began in the first quarter is the largest the world has ever experienced,” Nasser said. He cautioned that even if…

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ISLAMABAD: Pakistan and Turkmenistan have agreed to enhance cooperation in regional energy connectivity, trade corridors, and infrastructure development as Islamabad seeks to strengthen its position as a key trade and transit gateway linking Central Asia with global markets through its seaports. The understanding was reached during a meeting between Pakistan’s Federal Minister for Commerce Jam Kamal Khan and Turkmenistan’s Ambassador to Pakistan Atadjan Movlamov on Tuesday. According to an official statement, the discussions focused on bilateral trade enhancement, regional connectivity, energy cooperation, and strengthening institutional engagement between the two countries.…

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LAHORE: Federal Minister for Energy (Power Division) Awais Leghari on Monday announced that Pakistan’s battery storage revolution had begun, describing it as a major shift that would reduce electricity costs for consumers and ease pressure on the national grid. Speaking via video link at a media training workshop organised by the LUMS Energy Institute in collaboration with the Power Division, the minister said the growing adoption of electricity storage systems at utility, industrial, and household levels would transform the country’s energy landscape. Leghari revealed that the government plans to reduce…

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