Category: Latest News

KARACHI: Chinese electric vehicle manufacturer BYD is in discussions with its local partner, Mega Motor Company (MMC), to introduce its next-generation ultra-fast charging technology in Pakistan, aiming to make electric vehicles more practical and accelerate the adoption of new energy vehicles. Liu Xueliang, Vice President of BYD Co. Ltd. and General Manager of its Asia Pacific Auto Sales Division, told Business Recorder that the company was exploring how the technology could be introduced to Pakistani customers in collaboration with MMC. According to Liu, BYD’s Mega Flash Charging technology is powered…

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ISLAMABAD: Pakistan’s oil industry has warned that the revised petroleum pricing mechanism could force oil marketing companies (OMCs) to suspend petrol imports if the government does not amend the formula to reflect prevailing international procurement costs. The Oil Companies Advisory Council (OCAC) has urged the government to revise the mechanism for pricing imported motor spirit (MS), arguing that the current formula could prevent importing companies from recovering their actual costs, potentially threatening the continuity of petroleum supplies. In a letter to Federal Secretary for Petroleum Hameed Yaqoob Sheikh, the OCAC…

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ISLAMABAD: Direct shipping connectivity between Karachi and major European ports has been restored, offering relief to Pakistani exporters facing longer transit times and rising freight costs amid disruptions to international shipping routes. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced on Thursday that Mediterranean Shipping Company (MSC) had reinstated its PREMIUM IPAK service in response to exporters’ demand for a dedicated shipping link with Europe. Under the restored service, MSC will make weekly calls at Karachi Gateway Terminal International (KGTI), connecting Karachi with major European destinations, including Felixstowe,…

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KARACHI: The Sindh High Court (SHC) has suspended the impugned notifications and orders issued by the National Electric Power Regulatory Authority’s (NEPRA) appellate tribunal concerning the review of K-Electric’s multi-year tariff. A single-member bench headed by Justice Mohammad Abdur Rahman also issued notices to the Power Division, NEPRA and other respondents, directing them to appear on October 15. K-Electric approached the SHC to challenge judgments delivered by NEPRA’s appellate tribunal in September 2026 and October 2025. The judgments concerned the utility’s appeals against NEPRA’s October 2025 review determinations and subsequent…

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KARACHI: The Royal Danish Embassy in Pakistan and the Danish Energy Agency have brought together industry leaders, government representatives, financial institutions, technology providers and environmental organisations in Karachi to explore practical ways to accelerate industrial energy efficiency in Pakistan. The knowledge exchange, titled “Industrial Energy Efficiency in Practice: Danish-Pakistani Knowledge Exchange,” focused on translating energy-efficiency policies into tangible industrial investments that can reduce energy consumption, lower operating costs, improve productivity and strengthen the competitiveness of Pakistani manufacturers. Addressing the participants, Danish Ambassador to Pakistan H.E. Mrs. Maja Derrous Mortensen highlighted…

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