Category: Latest News

$430m US Crude Import Deal Diversifies Pakistan’s Energy Supply

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New-Project38

ISLAMABAD:Pakistan has taken a significant step towards diversifying its energy supply as a $430 million crude oil import deal with the United States helps reduce reliance on the Strait of Hormuz and supports efforts to narrow the country’s trade gap. In a major private-sector transaction, Cnergyico Pk has imported six million barrels of US West Texas Intermediate (WTI) crude, marking one of the largest commercial crude oil deals between Pakistan and the US. The arrangement reflects a strategic shift towards diversified energy sourcing amid geopolitical uncertainty and balance-of-payments pressures. Of…

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FCC Upholds Super Tax, Overturns High Court Rulings; Limited Relief for Energy Sector

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FCC-Project

Islamabad: In a landmark constitutional and fiscal verdict, the Federal Constitutional Court (FCC) on Tuesday upheld the legality of the super tax and set aside earlier judgements of the high courts that had struck down or diluted the levy, declaring that Parliament has exclusive authority to impose taxes. Announcing its short order, a three-member FCC bench headed by Chief Justice Aminuddin Khan, and comprising Justice Syed Hasan Azhar Rizvi and Justice Syed Arshad Hussain Shah, ruled that Sections 4-B and 4-C of the Income Tax Ordinance (ITO) 2001 are intra…

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Dr. Munwar Iqbal Kamboh Appointed Acting MD of PPIB

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New-Project37

Islamabad: The federal government has appointed Dr. Munwar Iqbal Kamboh as the Managing Director of the Private Power and Infrastructure Board (PPIB) on a temporary basis for a period of three months. Prior to this appointment, Dr. Kamboh was serving as Director General (Hydel) at PPIB, where he was overseeing all private-sector hydropower projects currently under construction. He brings extensive experience in managing and supervising energy infrastructure projects, particularly in the hydropower sector. Dr. Munwar Iqbal Kamboh has replaced Mr. Shah Jahan Mirza, who served as the head of PPIB…

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Reko Diq To Be Standard Setter for Mineral Sector; Will Open Opportunities for Pakistan Australia Collaboration

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New-Project36

Press ReleasesIslamabad: January 27,2026 Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, held a meeting today with the new Australian High Commissioner to Pakistan, H.E. Mr. Timothy Kane, to discuss avenues for enhanced bilateral cooperation in the mining and gemstones sectors. The Federal Minister welcomed the strong interest of Australian companies in Pakistan’s mining sector and highlighted the country’s immense untapped mineral potential, particularly in the Tethyan Belt. He proposed the possibility of an Intergovernmental Agreement (IGA) between Pakistan and Australia to promote structured and long term cooperation in the…

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SSGC Pledges Priority Gas Supply to Industry Amid Winter Shortfalls

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SSGC

KARACHI: Chairperson of Sui Southern Gas Company Limited (SSGC), Asif Inam, has reaffirmed the utility’s commitment to providing gas to the industrial sector on a priority basis alongside domestic consumers, underscoring that uninterrupted industrial activity is essential for Pakistan’s economic stability. Speaking to industrialists during a visit to the Korangi Association of Trade and Industry (KATI), he said several new members had recently joined the SSGC board, most of whom are key stakeholders with a strong grasp of the company’s operational challenges and possible solutions. He acknowledged that acute winter…

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