Category: Latest News

Solar Panel Prices in Pakistan Expected to Rise Amid Regional Conflict and Policy Changes

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Solar-Panels

Karachi: Price of solar panels in Pakistan is expected to reach around PKR 40 per watt due to regional conflicts, shipment delays, and rising international freight costs. The cancellation of the rebate policy effective April 1 is also likely to push prices up further. Additionally, lithium battery prices are anticipated to increase due to changes in China’s export rebate policy, impacting battery manufacturers’ export costs. If you’re considering installing a solar system, delaying your purchase might lead to higher costs in the near future. Currently, solar panel prices in Pakistan…

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FPCCI to Lead High-Profile Business Delegation toD-8 Business Conference and Halal Expo in IndonesiaAtif Ikram Sheikh, President FPCCI

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New-Project101

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, will lead a high-profile business delegation to Jakarta, Indonesia from 14-16 April 2026 to participate in the D-8 Business Conference and the D-8 Halal Expo Indonesia 2026 – scheduled to be held from 14-18 April 2026. Atif Ikram Sheikh apprised that these important events are being organized on the sidelines of the forthcoming summit of the D-8 Organization for Economic Cooperation – comprising Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, Türkiye and Azerbaijan. The conference is expected to attract senior government officials; leading…

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Mohsin Ali Mangi Appointed MD & CEO of Pakistan Refinery Limited

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New-Project100

KARACHI, March 12, 2026: Mohsin Ali Mangi has been appointed as the Managing Director and Chief Executive Officer (CEO) of Pakistan Refinery Limited (PRL), effective April 30, 2026, the company announced in a notice to the Pakistan Stock Exchange (PSX) on Thursday. The PRL Board of Directors approved his appointment for a three-year term, succeeding Zafar Ul Islam Usmani, who has been serving as Interim MD & CEO following Zahid Mir’s resignation in September 2025. Mohsin Ali Mangi brings over 24 years of local and international experience across diversified sectors,…

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IEA Proposes Record 400 Million Barrel Oil Release Amid Iran War Price Surge

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IEA-Oil

PARIS / LONDON: The International Energy Agency (IEA) has recommended releasing 400 million barrels of strategic oil reserves, the largest coordinated stock release in its history, to help stabilise global markets following the sharp surge in crude prices triggered by the conflict involving Iran. The Paris-based agency said the proposal had been unanimously approved by its 32 member countries, although the exact timing and pace of the release will be determined later. The move comes as world leaders discuss ways to address the energy market turmoil caused by the ongoing…

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Pakistan Fuel Supplies Stable Despite Middle East Oil Turmoil: PM Aide

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New-Project99

ISLAMABAD: Pakistan’s fuel supply chain remains stable despite rising volatility in global oil markets caused by escalating tensions in the Middle East, a senior government official said on Wednesday. Mosharraf Zaidi, spokesperson for the prime minister on foreign media, told Bloomberg that authorities are closely monitoring supply chains and taking steps to prevent fuel shortages while managing the impact of higher petroleum prices on consumers. “The situation in terms of supply chains, stocks and active contracts where shipments are already on the way — things are stable to good,” Zaidi…

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