Category: Latest News

UAE’s Strategic Oil Pipeline Bypassing Strait of Hormuz Reaches 50% Completion

Admin

DUBAI: A new crude oil pipeline being developed by the United Arab Emirates to bypass the Strait of Hormuz is now 50 per cent complete, according to ADNOC CEO Sultan Al Jaber. The project, launched last year, is designed to strengthen the UAE’s export resilience by reducing dependence on the strategically sensitive waterway, through which a significant portion of global oil and gas supplies traditionally pass. Speaking at a live-streamed Atlantic Council event, Al Jaber said construction is being accelerated under directives from Abu Dhabi leadership. “Today, it’s already almost…

Read More

Pakistan-China Ties ‘Never Faced an Autumn’ in 75 Years: Ahsan Iqbal

Admin

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Wednesday said that Pakistan-China relations have remained consistently strong for the past 75 years, describing the partnership as one that has “never seen a moment of autumn” and continues to deepen on the basis of trust, cooperation and shared objectives. He made these remarks while addressing a cultural event held at the Pakistan-China Friendship Centre to mark the 75th anniversary of diplomatic relations between the two countries. The event was jointly organised by the Diplomatic Insight Group (DIG)…

Read More

Nepra Reviews $53bn Power Plan Amid Tariff Hike Concerns, Lack of Third-Party Validation

Admin

ISLAMABAD: The government has sought approval from the National Electric Power Regulatory Authority (Nepra) for the Integrated System Plan (ISP) 2025–35, valued at over USD 53 billion, without third-party validation — triggering concerns over potential electricity tariff increases and criticism from industry stakeholders. The two-day public hearing, chaired by Nepra Chairman Waseem Mukhtar alongside Member (Tariff & Finance) Amina Ahmed and Member (Development) Maqsood Anwar Khan, also saw notable absences of representation from Sindh and Balochistan. Officials from the Independent System and Market Operator (ISMO) and the Private Power and…

Read More

Privatisation Commission Board Reviews Progress on First Closing of PIACL Privatisation Transaction

Admin
PIA-Airlines

The Privatisation Commission (PC) Board, in its 252nd meeting held today under the chairmanship of Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation, reviewed the progress on the first closing of the privatisation transaction of Pakistan International Airlines Corporation Limited (PIACL). During the meeting, the Financial Adviser briefed the Board on the progress achieved towards the fulfilment of the conditions precedent outlined in the Share Purchase and Subscription Agreement (SPSA), including key regulatory, financial, and transactional requirements necessary for completion of the first closing. The Board expressed satisfaction…

Read More

K-Electric Urges Public to Observe Electrical Safety During Eid-ul-Azha

Admin
K-Electric

May 19, 2026: As Eid-ul-Azha approaches, K-Electric (KE) urges citizens to adopt essential safety measures and strictly refrain from using electrical infrastructure to tie sacrificial animals. The power utility emphasises that animals should not be tied near electricity poles, transformers, wires, or any other electrical installations, as proximity to such infrastructure poses serious risks of electrocution and injury. KE further advises residents to avoid use of water while washing sacrificial areas near electrical installations. Citizens are also urged to refrain from hanging decorative lights, ropes, or temporary animal enclosures on…

Read More