Category: Latest News

The Privatisation Commission (PC) Board, in its 255th meeting held today under the chairmanship of Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman, Privatisation Commission, approved the signing of the Transaction Advisory Services Agreement (TASA) with the Asian Development Bank (ADB) for the outsourcing of operations of Islamabad International Airport (IIAP). The PC Board reviewed the terms of the negotiated TASA and approved the agreement reached with ADB. The PC Board expressed confidence that ADB, with its expertise and experience, will be able to successfully complete this…

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ISLAMABAD: Pakistan has floated a fresh spot liquefied natural gas (LNG) tender as continued supply disruptions linked to the Strait of Hormuz crisis and QatarEnergy’s force majeure have compelled the country to secure additional cargoes from the international spot market. Acting on the directives of the National Crisis Management Committee (NCMC), Pakistan LNG Limited (PLL) has invited bids for the purchase of one spot LNG cargo of approximately 140,000 cubic metres for delivery at the Pakistan GasPort Consortium Limited (PGPCL) terminal during July 15–16. The latest procurement follows QatarEnergy’s decision…

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LAHORE: Federal Minister for Climate Change Dr. Musadik Malik has called on Pakistan’s future civil servants to place climate resilience, adaptation planning, and inter-ministerial coordination at the heart of public administration, emphasizing that climate change has evolved into a governance challenge requiring strong institutions and informed policymaking. Addressing probationary officers of the 54th Common Training Programme (CTP) at the Civil Services Academy (CSA), the minister presented a data-driven assessment of global climate inequality, highlighting Pakistan’s disproportionate exposure to climate risks despite its minimal contribution to global greenhouse gas emissions. The…

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ISLAMABAD: The federal government has submitted the PC-1 of the 82MW utility-scale solar component of the 100MW Gilgit-Baltistan Solar Energy Project to the Executive Committee of the National Economic Council (ECNEC) for approval, Prime Minister Shehbaz Sharif was informed during a high-level review meeting. According to an official statement, the 82MW solar project is expected to benefit nearly 1.3 million people by improving electricity supply and significantly reducing load shedding across Gilgit-Baltistan. Chairing the meeting, Prime Minister Shehbaz Sharif reaffirmed the government’s commitment to expanding renewable energy, describing solar power…

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ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (SOEs) has rejected a request by Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) for exemption from international accounting and financial reporting standards, a move aimed at preventing the two gas utilities from being classified as financially insolvent. The committee, chaired by Finance Minister Muhammad Aurangzeb, directed the Petroleum Division to hold further consultations with the Finance Division and the Ministry of Law and Justice before submitting a revised proposal for reconsideration. According to an official statement, the…

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