Category: Latest News

ISLAMABAD: The federal government has decided to discontinue the fuel subsidy programme for motorcyclists, small farmers, public transport operators and goods transporters after a significant decline in global oil prices led to substantial reductions in domestic fuel rates. The decision was made during the seventh meeting of the National Steering Committee on Fuel Subsidy, chaired by Deputy Prime Minister and Foreign Minister Ishaq Dar. The committee reviewed the implementation of the subsidy programme across all provinces, as well as Gilgit-Baltistan and Azad Jammu and Kashmir. Officials noted that the sharp…

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ISLAMABAD: The controversy surrounding the allocation of gas from the Spinwam field continues, with holders of Oil and Gas Regulatory Authority (OGRA) gas marketing licences once again raising concerns over the bidding framework, arguing that it contradicts the decision of the Council of Common Interests (CCI). During a recent consultation session organized by Mari Energies, industry participants questioned the eligibility criteria for bidders, particularly the inclusion of entities that do not possess an OGRA licence at the time of bidding. While the bidding deadline has been extended to July 2,…

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KARACHI: Environmental experts, academics, and sustainability advocates have raised serious concerns over Karachi’s worsening environmental conditions, warning that the city’s deteriorating air quality and shrinking green cover pose significant threats to public health and long-term sustainability. The concerns were highlighted during the Climate Matters Conference, organized by the Institute of Environmental Studies (IES) at the University of Karachi’s Chinese Teachers Memorial Auditorium in connection with World Environment Day. The conference was held under the theme, “Inspired by Nature, For Climate, For Our Future.” Speaking on the occasion, IES Director Dr.…

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ISLAMABAD: Iranian President Masoud Pezeshkian is arriving in Pakistan today (Tuesday) on an official visit at the invitation of Prime Minister Shehbaz Sharif. The visit is expected to further strengthen bilateral relations and enhance cooperation in key sectors, including trade, energy, border security, regional connectivity, and people-to-people exchanges. According to the Foreign Office, President Pezeshkian will meet President Asif Ali Zardari and hold delegation-level talks with Prime Minister Shehbaz Sharif. He is also scheduled to meet Senate Chairman Yousaf Raza Gilani, National Assembly Speaker Ayaz Sadiq, and Deputy Prime Minister…

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ISLAMABAD: Details of taxes included in the current petrol and diesel prices in Pakistan have been revealed, showing that a significant portion of fuel prices consists of government levies and duties. According to Petroleum Division sources, 29 percent of the price of petrol per litre is made up of taxes. In monetary terms, Rs88.07 per litre is included as taxes in the petrol price. The breakdown shows that petrol includes Rs19.32 per litre customs duty, Rs66.25 petroleum levy, and Rs2.50 climate support levy. In the case of diesel, officials stated…

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