Category: Latest News

PM-Constituted Panel Approves LFP Battery Technology for Localisation

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ISLAMABAD: A working group constituted by the Prime Minister to draft the National Lithium-Ion Battery Manufacturing Policy 2026–2031 has given initial approval to lithium iron phosphate (LFP) battery technology for localisation in Pakistan. The decision was announced by Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan during a meeting held on Tuesday to finalise the proposed Lithium-Ion Battery Policy. The meeting was attended by Secretary Industries and Production Saif Anjum, CEO Engineering Development Board (EDB) Hammad Mansoor and representatives from the private sector. According…

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After PIA, DISCOs Also Headed for Privatisation

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Prime Minister Shehbaz Sharif on Tuesday reaffirmed that the privatisation of loss-making state-owned enterprises (SOEs) remains a top priority of the government, describing the planned sale of 75 per cent shares of Pakistan International Airlines (PIA) as the first step in a broader reform agenda. Chairing a high-level meeting on the affairs of the Privatisation Commission at the Prime Minister’s House, the prime minister directed that the pace of reforms within the Commission be further accelerated to ensure greater efficiency, transparency and credibility in the privatisation process. The meeting was…

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Committee Proposes 5% Voluntary Ethanol Blending with Petrol

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ISLAMABAD: A committee constituted by Prime Minister Shehbaz Sharif has recommended the introduction of 5 per cent voluntary ethanol blending with petrol, subject to commercial viability and consultations with oil marketing companies (OMCs). Headed by Minister for Petroleum Ali Pervaiz Malik, the committee was tasked with examining fuel-blending options. It has submitted its report to the Prime Minister’s Office, which has asked the panel to present its findings to the deputy prime minister. According to oil industry officials, Pakistan’s current ethanol production from sugarcane crushing stands at around 400,000 to…

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220kV SEZ Grid Station Energised at Quaid-i-Azam Business Park, Sheikhupura

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LAHORE: The National Grid Company of Pakistan (NGC), formerly the National Transmission and Despatch Company (NTDC), on Tuesday energised the 220kV Quaid-i-Azam Business Park Grid Station in Sheikhupura, marking a significant milestone in strengthening the country’s power transmission infrastructure. The strategically located grid station has been developed to meet the growing electricity needs of large-scale industrial consumers operating within the Sheikhupura Special Economic Zone (SEZ). Completed at a cost of over Rs4 billion, the project was financed by the federal government under the Cash Deposit Loan (CDL) Facility and is…

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Trump Says Venezuela to Hand Over Up to 50 Million Barrels of Oil to US

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US President Donald Trump said on Tuesday that Venezuela’s interim government will deliver between 30 million and 50 million barrels of oil to the United States, with the proceeds to be managed under his authority as president. In a social media post, Trump said the oil—described as “sanctioned oil”—would be sold at market prices and that the revenue would be controlled by him to ensure it is used “to benefit the people of Venezuela and the United States.” He added that US Energy Secretary Chris Wright would oversee the execution…

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