Category: Latest News

China’s September Oil Imports Rise 3.9% Year-on-Year, Slip 4.5% from August

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Oil prices

BEIJING, Oct 13 (Reuters): China’s crude oil imports increased 3.9% year-on-year in September, driven by strong refinery activity as facilities operated at their highest utilisation rates of 2025, official data showed. However, on a month-on-month basis, imports fell 4.5% due to tighter quotas and reduced seaborne shipments. According to the General Administration of Customs, China — the world’s largest crude importer — brought in 47.25 million metric tons of crude oil in September, equivalent to 11.5 million barrels per day. Chinese refineries ramped up production amid robust domestic supply, with…

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PBF Calls for Immediate Reduction in Taxes and Power Tariffs to Revive Business Confidence

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LAHORE: The Pakistan Business Forum (PBF) has urged the government to cut excessive taxes and high electricity tariffs, warning that current economic policies are strangling business growth, discouraging investment, and eroding competitiveness in both domestic and export markets. Addressing a press conference in Sargodha, PBF Chief Organiser Chaudhry Ahmad Jawad called for a Charter of Economy to be adopted by Parliament to ensure policy continuity and long-term economic stability. He stressed that businesses are overburdened, with nearly 45 percent of their income absorbed by taxes, making sustainable operations increasingly unviable.…

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KAPCO Seeks Nepra Clarification to Ensure Tariff Continuity and Grid Stability

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New-KAPCO

ISLAMABAD: The Kot Addu Power Company Limited (KAPCO) has formally requested the National Electric Power Regulatory Authority (Nepra) to clarify and rectify its recent tariff order, emphasizing the need for regulatory consistency and system reliability. The company warned that uncertainty regarding its tariff validity could jeopardize grid stability in southern Punjab, according to sources in Nepra. In a letter to Nepra Chairman, KAPCO Chief Executive Officer Shahab Qader Khan sought explicit confirmation that the company’s tariff for its 495MW Combined Cycle Power Plant (CCPP) remains valid for the full three-year…

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Pakistan’s Energy Sector Undergoes Major Transformation: SIFC

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Power-IPP

ISLAMABAD: Pakistan’s energy sector is entering a new phase of reform and revitalization, driven by key initiatives under the Special Investment Facilitation Council (SIFC) aimed at achieving self-reliance, reducing circular debt, and attracting large-scale investments in power generation and resource exploration. According to SIFC officials, a comprehensive strategy is underway to curb circular debt through policy-level reforms designed to stabilize the sector, enhance financial discipline, and restore investor confidence. To meet regional energy demands, major power projects are advancing in Sukkur and southern Sindh, while new hydro and solar energy…

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China, Pakistan Ink RMB 5 Billion Deal to Modernize Water Management Systems

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New-Project57

BEIJING: In a major step toward transforming Pakistan’s water management infrastructure, Cyclon Tech Pakistan and China’s Shaanxi Water Development and Construction Group have signed a cooperation MoU worth RMB 5 billion, paving the way for a new era of smart and sustainable water solutions across the country. The agreement, finalized last month, aims to jointly develop comprehensive water conservancy and intelligent water management projects that address Pakistan’s long-standing challenges, including irrigation inefficiency, water scarcity, and climate vulnerability. “This partnership represents a practical bridge between China’s technological strength and Pakistan’s development…

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