Category: Latest News

ISLAMABAD: The Privatisation Commission has extended the deadline for the submission of Expressions of Interest (EOIs) from investors for the privatisation of Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO) under the government’s Batch-I DISCOs Privatisation Programme. Under the revised schedule, EOIs for FESCO can now be submitted until August 7, 2026, while the deadline for GEPCO has been extended to August 21, 2026. The Commission clarified that the deadline for the Islamabad Electric Supply Company (IESCO) remains unchanged, with EOIs due by September 7, 2026. According…

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ISLAMABAD: The federal government has doubled the Climate Support Levy (CSL) on petrol and high-speed diesel (HSD) from Rs. 2.50 per litre to Rs. 5 per litre, effective July 1, 2026, under the Finance Act 2026 as part of Pakistan’s fiscal reforms and commitments under the International Monetary Fund (IMF) programme. According to an official notification, the revised Climate Support Levy came into force on July 1. To prevent any immediate increase in fuel prices, the government simultaneously reduced the Petroleum Levy (PL) on both petroleum products. The Petroleum Levy…

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MOSCOW: Russia has begun importing petrol from India by sea to ease worsening fuel shortages caused by repeated Ukrainian drone attacks on its oil refineries and energy infrastructure, according to industry sources. The shortages have disrupted fuel supplies across Russia’s 11 time zones, leading to rationing, long queues at filling stations, and record-high petrol prices. The Kremlin confirmed earlier this week that it is in talks with several countries to secure fuel imports at competitive prices. Industry sources said at least 60,000 metric tons of petrol have already been shipped…

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Murad Shah says AI-driven governance, digital skills and innovation are key to building a modern, competitive and knowledge-based Sindh KARACHI (July 1): Sindh Chief Minister Syed Murad Ali Shah led three landmark initiatives aimed at accelerating the province’s digital transformation, including a Google Gemini Artificial Intelligence (AI) training programme for cabinet members and senior officials, the launch of 20,000 Google Career Certificate scholarships for university students at CM House, and the inauguration of Sindh’s first Google Gemini for Education Corner at NED University of Engineering & Technology.The initiatives, undertaken in…

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The Privatisation Commission of Pakistan has extended the deadline for the submission of Expressions of Interest (EOIs) for the privatisation of Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO) under the Government’s Batch-I DISCOs privatisation programme. The revised deadlines are as follows: However the deadline for the submission of EOI for the Islamabad Electric Supply Company (IESCO) remains the same which is:September 7th, 2026 ( 1600 Hours PKT) The extension has been granted in response to requests from prospective investors to allow additional time for completing their…

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