Category: Latest News

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that the Small and Medium Enterprises Development Authority (SMEDA) and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), have jointly organized a stakeholder engagement session at Federation House, Karachi, to commemorate World MSME Day 2026. Mr. Atif Ikram Sheikh underlined that the event brought together MSMEs, entrepreneurs, representatives of chambers and trade associations, women entrepreneurs, young entrepreneurs, financial institutions, academia and other stakeholders to celebrate the contribution of Micro, Small and Medium Enterprises (MSMEs) towards economic growth, employment generation…

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Pakistan could save between $170 million and $340 million annually on crude oil imports if international sanctions on Iran are lifted, according to a new research report by Topline Securities Ltd., which highlights the significant economic opportunities that could emerge from restoring formal trade between the two neighboring countries. In its report, “Pakistan Strategy – What If Iran Sanctions Are Lifted? Implications for Pakistan from a Historical Perspective,” Topline Securities said that renewed trade with Iran would not only reduce Pakistan’s energy import bill but also strengthen bilateral commerce, industrial…

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ISLAMABAD/KARACHI: Pakistan has issued an emergency tender to procure a spot cargo of liquefied natural gas (LNG) as escalating security concerns in the Strait of Hormuz threaten regional energy supplies and disrupt one of the world’s most critical maritime trade routes. State-owned Pakistan LNG Limited (PLL) has invited international suppliers to submit bids for the supply of a single LNG cargo on a Delivered Ex-Ship (DES) basis at Port Qasim, according to a tender published through the Public Procurement Regulatory Authority (PPRA). The tender seeks approximately 140,000 cubic metres of…

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ISLAMABAD: The Petroleum Division has defended the appointment of senior serving public officials to the Board of Pak-Arab Refinery Company (PARCO), describing the practice as an internationally recognized corporate governance model designed to safeguard the government’s strategic and commercial interests. The clarification follows recent media reports questioning the reappointment of senior government officials to the PARCO Board, coinciding with an audit report by the Auditor General of Pakistan (AGP), which noted that PARCO had not provided its financial records for audit during FY2024-25. In a statement issued on Monday, the…

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ISLAMABAD: State-owned Sui Northern Gas Pipelines Limited (SNGPL) has sought an extension of the federal government’s sovereign guarantee until June 30, 2030, citing mounting financial pressures caused by accumulated receivables, frozen gas tariffs, and the diversion of expensive re-gasified liquefied natural gas (RLNG) to subsidized domestic consumers. According to official sources, SNGPL has informed the government that it is currently unable to repay a Rs50 billion commercial loan obtained to clear outstanding payments owed to Pakistan State Oil (PSO) for RLNG supplies. The Petroleum Division has attributed Rs819 billion in…

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