Category: Latest News

Oil Sales Slide 10pc in November Amid Weak Demand

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New-OCAC

KARACHI: Pakistan’s total oil sales fell sharply by 10 per cent year-on-year and 5pc month-on-month to 1.418 million tonnes in November, according to data shared by AKD Securities, citing the Oil Companies Advisory Council (OCAC). Despite the monthly decline, cumulative oil sales in the first five months of FY26 edged up by 1pc, reaching 6.808 million tonnes compared to 6.753m tonnes in the same period last year. High-speed diesel (HSD) sales remained weak at 683,000 tonnes in November — down 13pc YoY and 4pc MoM — despite the kharif harvest…

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LPG Prices Hiked by Nearly 4pc for December

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OGRA-GAS

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Monday announced a 3.7 per cent increase in the price of Liquefied Petroleum Gas (LPG), raising the cost of an 11.8kg domestic cylinder by Rs87.21 for December to reflect higher international market rates. According to the notification, the maximum sale price of LPG has been set at Rs209 per kg for December, up from Rs201.6 per kg in November — an increase of Rs7.4 per kg. However, retail prices remain significantly higher, with LPG selling for Rs300–315 per kg in various…

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IMF Governance Report Key to Institutional Reforms, Senate Told

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New-IMF

ISLAMABAD: Finance Minister Muhammad Aurangzeb informed the Senate on Monday that the IMF’s Governance and Corruption Diagnostic Assessment (GCDA) report is an important milestone toward long-overdue institutional reforms. He emphasised that the government itself initiated and supported the entire assessment process. Closing the debate on a motion moved by JUI-F Senator Kamran Murtaza, the minister said the report examines seven key areas — including judicial oversight and corruption — and identifies structural gaps that must be addressed. He termed the findings “a positive development” and noted that the IMF has…

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Pakistan Surpasses China and India in Solar Energy Adoption

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solar energy

ISLAMABAD: Pakistan has emerged as a regional leader in solar energy, surpassing major economies such as China and India, according to the latest data from the National Electric Power Regulatory Authority (NEPRA). Solar energy production through net metering has now exceeded 174 gigawatts, reflecting rapid and unprecedented adoption across the country. Rising electricity tariffs, frequent load-shedding, and growing energy demand in industrial and residential sectors have driven the shift toward solar power. The adoption is no longer limited to households, with large-scale commercial and industrial installations becoming a significant component…

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Pakistan-Denmark Energy Partnership to Boost Grid Efficiency and Industrial Growth

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New-Project3

ISLAMABAD: Denmark has launched a three-year partnership with Pakistani institutions to enhance energy planning, data management, and grid efficiency, officials said during a bilateral meeting in Islamabad. The collaboration comes as Pakistan’s industrial sector increasingly shifts to solar and other renewable energy solutions, reducing pressure on the national grid but creating new challenges for grid revenue models. Federal Minister for Commerce Jam Kamal Khan met with Denmark’s Ambassador to Pakistan to discuss strategies for re-integrating industries into the grid and expanding new industrial demand to ensure long-term sustainability. The minister…

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