Category: Latest News

Pakistan Seeks Equal Green Financing in Global Plastics Treaty Talks

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Climate-Change

ISLAMABAD: Pakistan has called for fair access to green financing and technology transfer for developing nations, as negotiations intensify on the proposed Global Plastics Treaty. Chairing a high-level briefing in Geneva on the sidelines of the Fifth Session of the Intergovernmental Negotiating Committee on Plastic Pollution (INC-5.2), Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik urged the international community to ensure equity in climate and environmental agreements. Delegations from Bangladesh, Egypt, Tajikistan, Malaysia, and Sudan attended the session. Dr Malik cautioned that the world’s poorest nations are…

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Pakistan’s Oil, Gas Output Slumps to 20-Year Low, Adding $1.2bn FX Strain

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New-oil

KARACHI: Pakistan’s oil and gas production fell to its lowest level in over two decades in fiscal year 2025 (FY25), deepening concerns over energy security and foreign exchange stability. The downturn comes amid renewed speculation of potential US investment in the sector, following former president Donald Trump’s recent comments hinting at American interest in local exploration and crude supply to India. According to data compiled by Topline Securities, crude oil output dropped 12% year-on-year (YoY) to an average of 62,400 barrels per day (bpd), while natural gas production slipped 8%…

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US Reaffirms Energy, Trade Cooperation with Pakistan on Independence Day

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Pak-US

WASHINGTON: On Pakistan’s 79th Independence Day, US Secretary of State Marco Rubio reiterated Washington’s commitment to expanding cooperation with Pakistan in energy, trade, and critical minerals development. “The United States deeply appreciates Pakistan’s engagement on counterterrorism and trade. We look forward to exploring new areas of economic cooperation, including hydrocarbons and critical minerals, and fostering dynamic business partnerships that will ensure a prosperous future for both nations,” Rubio said in his Independence Day message. Celebrations in Washington began with a flag-hoisting ceremony at the Pakistan Embassy, where Ambassador Rizwan Shaikh…

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Govt Launches Digital Tracking to Eliminate Fuel Smuggling, Save Rs500bn

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New-Oil2

ISLAMABAD: In a landmark move to end rampant smuggling and adulteration in the petroleum sector, the government will roll out a real-time digital tracking system within a month to monitor every litre of fuel — from import and production to storage, transport, and retail sale. The reform follows the passage of the Petroleum (Amendment) Act 2025 by the National Assembly, which empowers authorities to deploy IT-based monitoring and strengthen enforcement against illegal fuel trade. Annual losses from smuggling, theft, and misappropriation are estimated at Rs300-500 billion. The amended law —…

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New Electricity Agreements Aim to end corruption, improve transparency in SEZs

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Awais-Leghari

Islamabad, August 15, 2025 Federal Minister for Energy, Sardar Owais Ahmed Khan Laghari, has directed all electricity distribution companies to immediately finalize agreements and establish direct contact with the administrations of Special Economic Zones (SEZs) and industrial estates for single-point electricity supply and billing, as per NEPRA’s instructions. The Power Division, after cabinet approval, submitted a request to NEPRA on February 25 for providing electricity to these zones at a single point. Following consultations, NEPRA on August 11 instructed final agreements to be made through negotiations with the zone administrations.…

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