Category: Latest News

ISLAMABAD: The federal government on Monday urged all provincial governments to generate more than Rs400 billion in additional taxes during the next fiscal year, mainly from the agriculture, services and real estate sectors, to meet key commitments made with the International Monetary Fund (IMF). With the proposed provincial contribution, the cumulative additional tax burden under the upcoming budgets of the federation and provinces is expected to exceed Rs1.1 trillion for fiscal year 2026-27. According to government officials, Finance Minister Muhammad Aurangzeb chaired a virtual meeting with provincial finance ministers and…

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ISLAMABAD: The government’s timely interventions, prudent decision-making, and balanced load management have reportedly helped electricity consumers avoid a potential tariff increase of PKR 5–6 per unit in June 2026, according to official sources. Despite severe RLNG shortages, a sharp surge in global fuel prices, and increased reliance on expensive furnace oil-based power generation amid regional instability linked to the ongoing Iran–United States tensions (2026), authorities successfully maintained stability in electricity tariffs through policy continuity and operational efficiency. Officials said quarterly adjustment gains driven by reduced transmission losses, improved demand management,…

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ISLAMABAD: Pakistan has approved the import of an additional 100 megawatts (MW) of electricity from Iran, increasing the total power supply to 204MW for Balochistan’s coastal region, including Gwadar and surrounding districts. The decision aims to improve electricity availability in the Makran division, where the national grid currently provides only 40–45MW of uninterrupted supply despite emergency measures. According to a ruling issued on May 13, the National Electric Power Regulatory Authority (NEPRA) approved revised tariff and transmission agreements between the Central Power Purchasing Agency-Guaranteed (CPPA-G) and Iran’s state-owned electricity utility…

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ISLAMABAD: The International Monetary Fund (IMF) has raised serious concerns over Pakistan’s proposed gas circular debt management strategy, questioning key components of the plan including a proposed petroleum levy and the use of dividends from state-owned energy companies to retire mounting liabilities, officials familiar with the discussions said. According to sources, the government recently presented its framework to the IMF as part of ongoing programme negotiations. However, contrary to earlier impressions, the Fund has not approved the plan and has instead sought detailed clarifications on several policy measures. Officials said…

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DUBAI: Emirates Gas, a leading gas supplier and wholly owned subsidiary of ENOC Group, has announced an update to its LPG cylinder security system in the Dubai market, replacing the existing yellow seal with a new grey seal starting 16 May 2026. The company said the initiative is part of its ongoing safety enhancement measures aimed at strengthening consumer protection and ensuring the integrity of LPG cylinders in circulation. According to the announcement, the new seal is designed to help prevent counterfeiting and curb the illegal refilling and distribution of…

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