Category: Latest News

Petroleum Product Sales Drop 5pc in December on Weaker HSD Demand

Admin
Petrol-Diesel

KARACHI: Sales of petroleum products declined by 5.0 per cent in December 2025 compared with November, mainly due to weaker demand for high-speed diesel (HSD) amid a prolonged nationwide strike by goods transporters and subdued overall consumption. Industry sources said total petroleum product sales stood at 1.35 million tonnes in December, showing a 6.0 per cent increase year-on-year (YoY) but a 5.0 per cent decline month-on-month (MoM). The YoY growth was attributed to signs of economic recovery, easing inflation and improved control of fuel smuggling, while the MoM drop was…

Read More

K-Electric Demonstrates Steady Operational and Digital Progress in 2025

Admin
K-Electric

KARACHI: Amid a gradual return of economic stability in Pakistan, K-Electric (KE), the country’s only vertically integrated power utility, recorded steady progress across generation, transmission, distribution and supply during 2025, while continuing investments in digitisation and customer engagement. KE Chief Executive Officer Moonis Alvi said the utility remained committed to customer satisfaction and reliable service delivery for Karachi. “The revised MYT has presented new challenges, but we will balance the best of what we have to offer to both the city and the company,” he said. During peak summer in…

Read More

Pakistan, Azerbaijan Near $2bn Investment Framework Agreement

Admin
New-Project113

ISLAMABAD: Pakistan and Azerbaijan have moved closer to unlocking $2 billion in Azerbaijani investment as Deputy Prime Minister and Foreign Minister Ishaq Dar held talks on Friday with Azerbaijan’s Minister of Economy, Mikayil Jabbarov, to fast-track a framework for financing key sectors of Pakistan’s economy. According to Pakistan’s Foreign Office, the two sides agreed during a telephone conversation to finalize a mechanism that would enable Azerbaijani capital to flow into identified priority areas. The proposed investment is being viewed as a significant boost for Pakistan’s efforts to attract foreign inflows…

Read More

Govt Extends Captive Power Gas Levy to Third-Party Suppliers

Admin
Gas-Prices

ISLAMABAD: The federal government has approved the extension of the monthly levy rate applicable to captive power consumers of Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL) to consumers of third-party companies supplying gas to captive power plants. Sources said the decision was taken to ensure uniform application of the Off the Grid (Captive Power Plants) Levy Act, 2025, which was enacted and notified on June 10, 2025. The Act provides for the imposition and collection of a levy on natural gas or RLNG consumed…

Read More

Pakistan to Showcase ‘Mineral Marvel’ at Future Minerals Forum in Riyadh

Admin
Ali-Pervaiz

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik on Friday held discussions with Saudi Arabia’s Ambassador to Pakistan, Nawaf bin Saeed Ahmad Al-Malkiy, on strengthening cooperation in the minerals and energy sectors, with a particular focus on Pakistan’s participation in the upcoming Future Minerals Forum in Riyadh. According to an official statement, the minister informed the ambassador that Pakistan would actively participate in the forum later this month following an invitation from the Saudi government. He said a dedicated pavilion titled “Pakistan – The Mineral Marvel” would be set up…

Read More