Category: Latest News

ISLAMABAD: The Cabinet Committee on Energy (CCOE) has directed the Power Division to engage provincial governments and incorporate their feedback into the operationalisation and implementation of the national Integrated Energy Plan (IEP). The directive came during a recent CCOE meeting, where the forum was informed that the IEP would cover a 10-year action plan within a 33-year planning horizon from 2027 to 2060. The proposed governance framework envisages coordination among federal and provincial stakeholders through an IEP Steering Committee, IEP Secretariat and specialised sub-working groups, with policy oversight from the…

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ISLAMABAD: The federal government has informed the International Monetary Fund (IMF) of its plan to recover more than Rs110 billion in provincial power-sector arrears by deducting the amount from provincial shares under the National Finance Commission (NFC) Award, amid concerns from the lender over the fiscal impact of the move. The proposal was discussed during ongoing IMF talks, where the Fund also questioned whether Pakistan would abandon its uniform electricity tariff policy following the privatisation of power distribution companies. According to sources, the government did not provide a clear response.…

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KARACHI (October 2, 2026): President of the Pakistan Businessmen and Intellectuals Forum (PBIF) and All Karachi Industrial Alliance, Chairman of the National Business Group Pakistan, Chairman of the FPCCI Policy Advisory Board and former Provincial IT Minister, Mian Zahid Hussain, has expressed serious concern over the persistent inflationary pressure reflected in the Pakistan Bureau of Statistics (PBS) Monthly Review on Price Indices for September 2026. He said Consumer Price Index (CPI) inflation stood at 10.3% year-on-year in September 2026, compared with 11.1% in August, while prices increased by another 1.3%…

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KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala has called upon the newly elected office bearers of the Karachi Chamber of Commerce & Industry (KCCI) to translate the strong electoral mandate into tangible results for Karachi’s business community, stressing that greater support also brings greater responsibility, expectations and the need for collective, disciplined and measurable action.Addressing the 65th Annual General Meeting of KCCI, where Talat Mahmood was announced President, Aslam Pakhali Senior Vice President and Atif Jamil-ur-Rahman Vice President for 2026–28, Motiwala said the election result reflected the collective efforts of…

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ISLAMABAD: Pakistan’s domestic refineries have contributed an estimated Rs22 billion towards the government’s efforts to contain high-speed diesel (HSD) prices since August 20 by accepting a cap on the diesel crack spread and foregoing the benefit of higher international refining margins, according to industry calculations. The contribution represents the estimated pricing benefit forgone by refiners under a revised HSD pricing mechanism agreed with the government. Introduced on August 20 following consultations with the refining industry, the mechanism capped the allowable HSD crack spread at around $41.89 per barrel. Industry calculations…

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