Category: Latest News

KARACHI: President Asif Ali Zardari has emphasized the need to accelerate the implementation of joint projects between the Government of Sindh and Chinese companies, describing the Karachi–Hyderabad M-9 Motorway as an ideal starting point for developing Pakistan’s electric vehicle (EV) charging infrastructure. The president made these remarks while chairing a meeting at the Chief Minister House with delegations from Anhui Nengtong New Energy Technology Co., Ltd. and Luoyang Modern Biology Group. The meeting, facilitated by the China-Pakistan-Africa Economic and Trade Cooperation Promotion Association, reviewed the progress of various memoranda of…

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ISLAMABAD: Prime Minister Shehbaz Sharif is expected to make a crucial decision on the future of Pakistan’s Brownfield Refinery Policy as the Cabinet Committee on Energy (CCoE) meets today to consider amendments that could determine the fate of billions of dollars in planned refinery upgrade investments. According to official documents, the CCoE will review proposed amendments to the Pakistan Oil Refining Policy for Upgradation of Existing (Brownfield) Refineries, 2023, following consultations with key stakeholders, including the Oil and Gas Regulatory Authority (OGRA), the Ministry of Finance and the petroleum industry.…

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ISLAMABAD: Azerbaijan has expressed confidence that ongoing discussions on its planned investments in Pakistan’s energy sector will soon translate into concrete projects, reflecting the growing strategic and economic partnership between the two countries. The assurance came during a meeting between Azerbaijan’s outgoing Ambassador Khazar Farhadov and Federal Minister for Commerce Jam Kamal Khan at the Ministry of Commerce, where both sides reviewed the progress achieved in Pakistan–Azerbaijan relations during the ambassador’s tenure. Jam Kamal praised Ambassador Farhadov for his significant contribution to strengthening bilateral relations and noted that the close…

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LAHORE: Punjab Minister for Industries and Commerce Chaudhry Shafay Hussain has described the electric vehicle (EV) industry as the future of Pakistan, emphasizing that the Punjab government is actively promoting the sector under the vision of Chief Minister Maryam Nawaz. Speaking as the chief guest at the launch ceremony of a locally manufactured electric motorcycle, jointly developed by China’s X-Free Energy Technology Group and Pakistan’s Creative Group, the minister said the provincial government has made the growth of the EV industry one of its top priorities. During the ceremony, held…

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Petrol imported into Pakistan from the international market costs approximately Rs195–196 per litre when it arrives at the country’s ports. However, by the time it reaches consumers at petrol stations, its retail price rises to around Rs335–350 per litre. This raises an important question: Where does the additional amount go, and who receives it? As soon as the fuel arrives at the port, customs duties, port handling charges, and other import-related costs add approximately Rs17–18 per litre to its price. This is followed by several other taxes, levies, and distribution…

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