Category: Latest News

ISLAMABAD: Power consumers across Pakistan are likely to face an increase of approximately Rs1.74 per unit in electricity tariffs in upcoming bills after the Central Power Purchasing Agency (CPPA) sought more than Rs16 billion in additional recoveries through a higher Fuel Cost Adjustment (FCA). The request was reviewed during a public hearing conducted by the National Electric Power Regulatory Authority (Nepra), where the CPPA proposed an additional Rs1.73 per unit FCA for electricity consumed in April 2026 and billed next month. CPPA Chief Executive Officer Rehan Akhtar informed the regulator…

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WASHINGTON: The United States Trade Representative (USTR) has proposed imposing new tariffs on imports from 60 economies, including Pakistan and India, citing their alleged failure to effectively prevent the import of goods produced through forced labour. According to a government filing, the proposed duties range between 10% and 12.5% and will be subject to a public consultation process before a final decision is made. The move is part of the Trump administration’s efforts to reshape its trade policy following recent legal challenges to its tariff framework. Earlier this year, Washington…

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Pakistan has expedited work on four major dam projects in a bid to strengthen national water security and address growing risks from climate change. The initiative is expected to significantly enhance the country’s water storage capacity by more than 8 million acre-feet, according to official media reports. The projects include the Diamer-Bhasha Dam, Mohmand Dam, Kurram Tangi Dam, and Naulong Dam. Collectively, these projects are expected to add approximately 8.136 million acre-feet of water storage capacity. The largest contribution will come from the Diamer-Bhasha Dam alone, which is projected to…

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Monday increased liquefied petroleum gas (LPG) prices by 1.63 percent for June 2026, further adding to the upward pressure on household energy costs amid ongoing volatility in global energy markets. According to the notification, the regulator set the new consumer price at Rs308.76 per kilogram, up from Rs303.8 in May. The increase translates into an additional Rs58 for an 11.8-kilogram domestic cylinder, bringing its new price to Rs3,643.4, while the 45.4-kilogram commercial cylinder has risen by Rs225 to Rs13,886. The revised…

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KARACHI: The Oil and Gas Regulatory Authority (OGRA) has approved the export of 100,000 metric tonnes of furnace oil by Pak-Arab Refinery Limited during June 2026, subject to domestic supply conditions, according to an official communication. The approval was granted by the National Committee on Monitoring of Commodities (NCMC) during a recent meeting. Under the decision, PARCO is permitted to export 100,000 tonnes of furnace oil, with a permissible variation of plus or minus 10 percent, provided that local demand requirements are fully met. OGRA has also directed the refinery…

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