Category: Latest News

Pakistan Urges UN Action on Climate Finance, Water Treaties and Debt Reform

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UNITED NATIONS: Pakistan has called for urgent international action on climate finance, reform of the global debt architecture and stronger cooperation over shared water resources as the UN General Assembly’s (UNGA) Second Committee begins substantive discussions on economic and development challenges. Speaking during the general debate of the Second Committee, Pakistan’s Deputy Permanent Representative to the United Nations, Ambassador Usman Jadoon, urged member states to focus on delivering tangible outcomes on some of the most pressing economic, financial and development challenges facing developing countries. The Second Committee addresses economic and…

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FPCCI Confers Lifetime Achievement Award uponAbdul Sami KhanAtif Ikram Sheikh, President FPCCI

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Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has hosted an important meeting of its Central Standing Committee on Petroleum Products and Dealers at Federation House; where key industry challenges and future course of action were discussed. Mr. Atif Ikram Sheikh informed that a major highlight of the event was the presentation of the Lifetime Achievement Award to the Committee’s Convener, Mr. Abdul Sami Khan (Sitara-e-Imtiaz); honoring his outstanding and invaluable contributions to the petroleum sector. Mr. S. M. Tanveer, Patron-in-Chief,…

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Energy Importers Scaling Clean Energy Three Times Faster Than Exporters

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Høvik, Norway, October 7, 2026: Energy-importing countries are expanding clean energy three times faster than energy-exporting nations as governments seek to reduce their dependence on imported oil and gas by accelerating the deployment of domestically produced power, according to the tenth edition of DNV’s Energy Transition Outlook. The disruption of energy supplies through the Strait of Hormuz has further strengthened governments’ efforts to reduce their exposure to imported fossil fuels. Meanwhile, oil and gas-exporting countries outside the Middle East are increasing production to compensate for supply disruptions, while their own…

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Pakistan provides fuel aid to over 9 million low-income people as Middle East war drives up prices

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ISLAMABAD — Pakistan’s government has provided fuel subsidies to more than 9 million low-income people as the U.S.-Iran war drives up energy prices, officials said Tuesday. Rising petrol and diesel prices have added pressure on a cash-strapped nation already grappling with high inflation, pushing up transportation, food and other living costs and raising fears of anti-government protests. The program, approved by Prime Minister Shehbaz Sharif last month, offers fuel discounts to eligible motorcycle riders, rickshaw operators and owners of small cars, many of whom depend on their vehicles for work…

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KATI Nominates SM Tanveer for FPCCI Presidency

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KARACHI: The Korangi Association of Trade and Industry (KATI) and its Executive Committee have nominated prominent industrialist and business leader SM Tanveer as its candidate for the presidency of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the 2026-28 term. Tanveer, who serves as Patron-in-Chief of both KATI and the United Business Group (UBG), has received the backing of the KATI leadership for the top position of the country’s apex business body. According to a statement issued by KATI on Monday, the association expressed confidence that Tanveer’s…

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