Category: Latest News

Air Karachi Inaugurates Operations Office at Old Airport, Marks Major Step Toward Launch

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Air-Karachi

KARACHI: Pakistan’s newest airline, Air Karachi, officially inaugurated its operations office at the Old Airport, Karachi, on Friday, marking a significant milestone in its journey toward full-scale operations. The ceremony was attended by prominent dignitaries, including PIA CEO Amir Hayat, Director General Civil Aviation Nadir Shafiq, diplomats, shareholders, and members of the Board of Directors. Speaking on the occasion, Secretary of Defence Lt. Gen. (Retd) Muhammad Ali, HI (M), lauded the initiative, stating, “We are striving to take Pakistan to the position envisioned by our founding leaders. The business community’s…

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Govt Increases Petrol Price by Rs2.43 and HSD by Rs3.02 per Litre

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New-OGRA1

ISLAMABAD: The federal government has announced an increase in petroleum product prices of up to Rs3.02 per litre for the fortnight beginning November 1, 2025, following recommendations from the Oil and Gas Regulatory Authority (OGRA) and relevant ministries. According to a statement issued by the Finance Division, the price of High-Speed Diesel (HSD) has been raised by Rs3.02 per litre, bringing the new ex-depot price to Rs278.44 per litre, compared to Rs275.42 in the previous fortnight. Similarly, the price of petrol has been increased by Rs2.43 per litre, now fixed…

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Pakistan, Kuwait Sign $25 Million Loan Agreement for Mohmand Dam Hydropower Project

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Mohmand-Dam

ISLAMABAD: Pakistan and Kuwait on Friday signed a second loan agreement worth Kuwaiti Dinar 7.5 million (approximately $25 million) to finance the Mohmand Dam Hydropower Project, further deepening bilateral economic cooperation between the two nations. The agreement was formalised at the Ministry of Economic Affairs in Islamabad between the Government of Pakistan and the Kuwait Fund for Arab Economic Development (KFAED). The document was signed by Muhammad Humair Karim, Secretary, Ministry of Economic Affairs, on behalf of Pakistan. The signing ceremony was attended by Fahad Hesham H. A. S. Aldousari,…

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OGRA Reduces LPG Prices for November Amid Global Decline

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OGRA-GAS

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a reduction in liquefied petroleum gas (LPG) prices for November, attributing the cut to lower international rates and a marginal appreciation of the Pakistani rupee. The new maximum consumer price for an 11.8 kg domestic LPG cylinder has been fixed at Rs. 2,378.89, reflecting a decrease of Rs. 69.44 or 2.83% compared to October’s rate of Rs. 2,448.33. On a per kilogram basis, the price has dropped by Rs. 5.88. According to OGRA, the revision follows a 3.52% decline in…

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PPL Secures Conditional Approval for Precious and Base Metals Exploration in Balochistan

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New-PPL

KARACHI: Pakistan Petroleum Limited (PPL), one of the country’s leading energy companies, has received conditional approval from the Government of Balochistan for a new mineral exploration license (EL-331). The license covers the exploration of precious and base metals, along with associated minerals, in District Chaghai — part of the renowned Chaghai Metallogenic Belt, which hosts globally recognized copper and gold deposits, including Reko Diq and Saindak. This development marks a major step in PPL’s strategy to diversify beyond its core hydrocarbons business and strengthen its role in Pakistan’s growing minerals…

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