Category: Latest News

Business Leaders Meet COAS, Express Full Support for Economic Reforms

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Asim-Munir

ISLAMABAD: A high-level delegation of leading industrialists, headed by former caretaker minister Gohar Ejaz, called on Chief of Army Staff Field Marshal Asim Munir on Monday to discuss Pakistan’s economic challenges and the path to recovery. According to Geo News, the delegation included APTMA Chairman Kamran Arshad, SM Tanvir, and the presidents of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Lahore Chamber of Commerce and Industry (LCCI). During the meeting, Gohar Ejaz highlighted the gradual return of economic stability and reaffirmed the business community’s strong…

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Pakistan Post to Take Over Electricity Bill Distribution Nationwide

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Pak-Post.

ISLAMABAD: In a major service reform, Pakistan Post is set to take on the task of printing and delivering electricity bills across the country, following an agreement in principle with all electricity distribution companies (DISCOs). According to a senior official, Postmaster Generals have been instructed to coordinate with respective DISCOs and formulate a distribution plan for the pilot phase by July 25. The initiative, approved during a meeting on July 17, will initially be launched as a pilot project, with full-scale implementation planned over the next six months, based on…

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Pakistan Targets 60% Renewable Energy by 2030, Says FM Dar at UN Forum

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Renewable-Energy

ISLAMABAD/NEW YORK: Deputy Prime Minister and Foreign Minister Ishaq Dar has reaffirmed Pakistan’s commitment to sustainable development, announcing a target of 60% renewable energy by 2030 during his address at the UN High-Level Political Forum (HLPF) in New York. Speaking at the General Debate of the Ministerial Segment, Dar emphasized that Pakistan’s development strategies, including the Uraan Pakistan initiative, are aligned with the Sustainable Development Goals (SDGs). He cited climate challenges, pandemic impacts, and global economic crises as factors that have reversed development gains, but reiterated Pakistan’s resolve to stay…

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Govt Forms Four Panels to Tackle Gas Sector Challenges

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Oil-Gas

ISLAMABAD: The government has constituted four specialised sub-committees to address critical issues plaguing Pakistan’s gas sector, including circular debt, LNG tariff structures, unaccounted-for gas (UFG) losses, and the rising share of imported LNG in the national gas system. The initiative falls under the broader mandate of the Committee on Implementing Structural Reforms in the Petroleum Sector, chaired by the Minister for Petroleum and Natural Resources and formed by the Prime Minister. The committee includes key officials such as the Advisor to the PM on Privatisation, National Coordinator on Energy Reforms,…

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Customs Fixes Revised Import Value for Solar Panels at \$0.08–\$0.09/Watt

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solar energy

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has issued a new valuation ruling, fixing the customs value of imported solar panels at \$0.08 to \$0.09 per watt, reflecting a downward revision in line with global market trends. As per Valuation Ruling No. 2012/2025 issued on Monday, the revision follows multiple representations from stakeholders, including a formal request by the Pakistan Solar Association (PSA) dated January 21, 2025. The PSA had urged the directorate to reassess the previous ruling (No. 1894/2024) issued on July 4, 2024, citing a significant drop…

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