Category: Latest News

KARACHI: Pakistan LNG Limited (PLL), the country’s state-owned LNG procurement arm, has issued a fresh tender to secure two liquefied natural gas (LNG) cargoes for delivery later this month, as it works to ensure uninterrupted gas supply. According to an official notice released on Wednesday, PLL has invited bids from international suppliers for cargoes to be delivered at Port Qasim on a Delivered Ex-Ship (DES) basis. The delivery windows are scheduled for May 12–14 and May 24–26, 2026, with each cargo carrying a volume of approximately 140,000 cubic metres. Operating…

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ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved a nominal negative fuel charges adjustment (FCA) of Rs0.0102 per unit for March 2026, offering slight relief to electricity consumers nationwide, including those served by K-Electric. The decision follows a public hearing held on April 28, where Central Power Purchasing Agency-Guaranteed (CPPA-G) had initially requested a positive adjustment of Rs0.2660 per unit. After detailed scrutiny, however, the Authority revised the figure downward, approving a marginal negative adjustment instead. Separate FCAs were calculated for each of the WAPDA distribution companies (DISCOs), factoring…

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ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed strict action against power distribution companies (DISCOs) for violating the Economic Merit Order (EMO), while reaffirming the government’s commitment to reduce reliance on imported fuels and eliminate electricity theft. Chairing a high-level meeting on power sector reforms, the premier emphasized the urgent need to transition towards renewable energy sources, including hydropower, solar, and biogas, to lower generation costs and support sustainable economic growth. “The development of renewable energy is vital for long-term economic stability and reducing dependence on expensive imported fuels,” he…

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WASHINGTON: US President Donald Trump announced on Tuesday a temporary halt to a newly launched naval escort mission in the Strait of Hormuz, signaling a renewed diplomatic push to reach a comprehensive agreement with Iran and de-escalate regional tensions. The operation, dubbed “Project Freedom,” was initiated just a day earlier to facilitate the safe passage of commercial vessels through the critical النفط chokepoint. However, Trump stated on Truth Social that the mission would be paused following requests from mediators, including Pakistan, citing “significant progress” toward a potential deal with Tehran.…

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Karachi, May 5, 2026 Sindh Senior Minister and Provincial Minister for Information, Transport and Mass Transit, Sharjeel Inam Memon, said that escalating tensions between Iran and the US have caused an unprecedented spike in global petroleum prices, impacting people across Sindh and Pakistan. Addressing the Sindh Assembly, he outlined several relief measures introduced by the provincial government. He noted that around 6.5 million motorcycles are registered with the Excise Department in Sindh. Under a new scheme, owners who register their motorcycles in their own names will receive a fuel subsidy…

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