Category: Latest News

NEVs to Get Major Tax Relief Under New Five-Year Auto Policy

Admin
New-Project90

ISLAMABAD: Prime Minister Shehbaz Sharif has approved the draft of a new five-year auto policy for 2026-31, retaining protection for existing conventional vehicle assemblers while introducing substantial tax incentives for new energy vehicles (NEVs) aimed at lowering their prices. Under the approved draft, Battery Electric Vehicles (BEVs) will receive the highest level of tax incentives, followed by Range Extended Electric Vehicles (REEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). Hybrid electric vehicles and conventional internal combustion engine (ICE) vehicles, meanwhile, will be treated equally in terms of duties and taxes. During…

Read More

Trump says oil and gas prices won’t fall until ‘right after’ midterm election

Admin

President Donald Trump on Wednesday said energy prices that have been elevated due to the Iran war will not come down until after the midterm elections, which are nearly two months away. “Right after the election, oil prices are going to be tumbling downward,” Trump told reporters before heading to Texas for the Republican Party’s midterm convention. The remarks came as oil prices climbed higher following the latest flare-up in hostilities between the U.S. and Iran. Global benchmark Brent crude futures traded above $101 per barrel for the first time since July, while U.S. West Texas Intermediate futures surpassed $96 per barrel at…

Read More

Govt targets lower energy costs, easier business regulations

Admin

September 09, 2026 (MLN): Prime Minister Shehbaz Sharif has reaffirmed the government’s commitment to expanding business activity, lowering the cost of doing business and creating a more investor-friendly regulatory environment. The Prime Minister made these remarks during a meeting with a delegation of leading industrialists and business figures in Islamabad. Shehbaz Sharif identified lower energy costs as a major government priority and said measures were being pursued to provide relief to businesses. He also directed authorities to take immediate action on issues raised by the business community, according to Radio Pakistan.…

Read More

FPCCI calls for PDL relief as higher oil prices squeeze exporters

Admin
FPCCI

Pakistan’s exporters are facing higher production and transportation costs as volatile global oil prices feed through to domestic industry, prompting the country’s apex trade body to seek targeted relief from petroleum levies. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) called for an immediate suspension of the Petroleum Development Levy (PDL) for export-oriented manufacturing, saying firms should be partly insulated from international oil-price shocks. FPCCI President Atif Ikram Sheikh said higher high-speed diesel (HSD) and furnace oil prices were raising inland freight, supply-chain, power generation and manufacturing costs.…

Read More

Petrol price up Rs3.40, diesel jumps Rs6.72 for September 10

Admin
petrol-pp-1.png.psd

ISLAMABAD: The government has increased the price of petrol by Rs3.40 per litre and high-speed diesel (HSD) by Rs6.72 per litre, with the revised prices applicable for September 10, 2026. According to the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the revised petroleum pricing mechanism issued by the Federal Government. Following the latest increase, the ex-depot price of HSD has risen from Rs385.95 to Rs392.67 per litre, registering a hike of Rs6.72 per litre. The price of petrol, officially termed…

Read More