Category: Latest News

IMF Urges Pakistan to End Fuel Price Distortions Amid Rising Subsidy Burden

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New-IMF

ISLAMABAD: The International Monetary Fund (IMF) has called on Pakistan to swiftly eliminate distortions in petroleum pricing, despite acknowledging the government’s Rs152 billion subsidy cap introduced during a period of global oil market volatility. According to senior officials, the staff-level agreement reached on March 29 remains intact, with the subsidy implemented in consultation with the Fund. However, the IMF has reiterated its opposition to blanket subsidies on major petroleum products, emphasizing the need for targeted and sustainable measures. The government initially managed fiscal pressures by adjusting the Petroleum Development Levy…

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18th Annual CSR Summit and Awards-2026

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CSR-Awards

Sindh to expand support for genuine charities to uplift deprived communities: Nasir Hussain Shah Karachi Sindh Senior Minister for Local Government, Housing and Town Planning, Syed Nasir Hussain Shah, has said the Sindh government is committed to expanding financial and institutional support for genuine non-governmental organisations and charitable institutions under its public-private partnership model to help ease the suffering of underprivileged communities and ensure their long-term uplift through healthcare, education, skills development and livelihood opportunities.He was speaking as the chief guest at the Karachi edition of the 18th Annual CSR…

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Govt Accused of Misleading Public on Petrol Prices

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Petrol-price

Islamabad: In a surprising turn, it has emerged that the ex-refinery price of petrol decreased by Rs 13.58 per liter within a week, yet the government had earlier raised the retail petrol price by Rs 137.24 per liter. Following a directive from the Prime Minister, Rs 80 per liter was later rolled back, bringing the new petrol price to Rs 378.41 per liter. According to official documents, the ex-refinery price of petrol fell from Rs 284.85 per liter on March 28 to Rs 271.27 per liter by April 3. Including…

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Petroleum Dealers’ Commission Issue to Be Resolved After Stability Returns: Minister

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Ali-Pervaiz

KARACHI: Federal Minister for Petroleum and Natural Resources Ali Pervaiz Malik has assured that the long-pending issue of petroleum dealers’ commission will be addressed on a priority basis once the prevailing war-like situation stabilises. The assurance came during a meeting in Islamabad with a delegation of the Pakistan Petroleum Dealers Association, led by Chairman Abdul Sami Khan, along with senior members of the association. The minister acknowledged the challenges faced by petroleum dealers amid ongoing regional tensions, stating that the government is actively working with stakeholders to manage the crisis…

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Electricity Consumption Rises 3.5% as Surplus Power Package Boosts Industrial Demand

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Power Division

ISLAMABAD: Pakistan’s electricity consumption increased by 3.5% during December 2025 to February 2026, driven largely by higher industrial usage under the government’s surplus power initiative, according to the Power Division. Officials stated that the Surplus Power Package has significantly boosted demand from industrial and agricultural sectors, which together consumed an additional 2,164 gigawatt hours (GWh) of electricity over the three-month period. This accounts for 23% of total electricity supplied to these sectors, reflecting strong uptake of the initiative. Launched in December 2025 under a special initiative of Prime Minister Shehbaz…

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