Category: Latest News

NA Panel Raises Alarm Over Persistent Trade Deficit with China

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New-Project297

# NA Panel Raises Alarm Over Persistent Trade Deficit with China **ISLAMABAD:** The National Assembly Standing Committee on Commerce has expressed serious concern over Pakistan’s persistent trade deficit with **China and other Free Trade Agreement (FTA) partners**, calling for a comprehensive assessment of the factors contributing to the widening imbalance. The committee, chaired by MNA **Jawed Hanif**, reviewed a range of issues during its meeting, including tariff reforms, export promotion measures, the performance of key trade-related institutions, trade relations with major international partners and proposed legislative amendments. The committee directed…

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HTL Acquires 8.7 Acres in Sindh to Develop Oil Storage Depot

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# HTL Acquires 8.7 Acres in Sindh to Develop Oil Storage Depot **KARACHI:** Hi-Tech Lubricants Limited (HTL) has acquired approximately **8.7 acres of land in Daulatpur, Shaheed Benazirabad (Nawabshah), Sindh**, to establish an oil storage depot as part of its strategy to expand its retail fuel station network across the province. The company, engaged in the procurement and distribution of lubricants and petroleum products, disclosed the development in a notice submitted to the **Pakistan Stock Exchange (PSX)**. HTL said the acquisition marks an important strategic milestone and will provide the…

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Govt Seeks Rs34bn Electricity Recovery from Discos, KE Consumers

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Power-bill

# Govt Seeks Rs34bn Electricity Recovery from Discos, KE Consumers **ISLAMABAD:** The government has sought recovery of around **Rs34 billion, or Rs1.34 per unit**, from consumers of power distribution companies (Discos) and K-Electric for the second quarter of FY2026, citing lower electricity consumption and a resulting increase in capacity charges. The proposed adjustment for April-June 2026 was presented before the **National Electric Power Regulatory Authority (NEPRA)** under the Quarterly Tariff Adjustment (QTA) mechanism. Discos had initially sought an adjustment of **Rs23.031 billion**, which was later revised upward to **Rs33.778 billion**.…

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Dubai Crude Jumps 10%, Putting Pakistan’s Fuel Pricing Mechanism to Test

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# Dubai Crude Jumps 10%, Putting Pakistan’s Fuel Pricing Mechanism to Test **ISLAMABAD:** Dubai crude, a key benchmark for Asian markets including Pakistan, surged by **$8.20 per barrel, or 10.2%, to $88.99 per barrel** on Tuesday, raising concerns over the potential impact on Pakistan’s petroleum import costs and domestic fuel prices. The sharp increase has come alongside rising international prices of **gasoline and gasoil**, while freight rates and import premiums have also climbed, creating additional pressure on the landed cost of petroleum products. Industry sources said that if the current…

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Sherry Rehman Questions Need for Pakistan Climate Change Authority

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Sherry-Rehman

# Sherry Rehman Questions Need for Pakistan Climate Change Authority **ISLAMABAD:** Senate Standing Committee on Climate Change Chairperson **Senator Sherry Rehman** has questioned the institutional need for the **Pakistan Climate Change Authority (PCCA)**, arguing that its mandate substantially overlaps with that of the Ministry of Climate Change and Environmental Coordination. During a detailed briefing on the PCCA, the committee expressed concerns over institutional duplication, particularly at a time when the ministry is facing constrained and declining budgetary resources. Senator Rehman noted that the ministry’s **PSDP allocation had fallen to Rs2.478…

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