Category: Latest News

LPG Safety Bill Stalled for Two Years as Deadly Explosions Continue Across Pakistan

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LPG-Safety

ISLAMABAD, May 16 – Despite the alarming rise in fatal LPG-related incidents nationwide, the Ministry of Law has delayed approval of a critical safety bill proposed by the Oil and Gas Regulatory Authority (Ogra) for the past two years, drawing strong criticism from industry stakeholders and safety advocates. The *LPG Industry Amendment Bill, submitted by Ogra, recommends stringent penalties, including *10 years’ imprisonment and a Rs10 million fine for general violations, and 14 years in prison with a Rs15 million fine for those responsible for deadly LPG cylinder and bowser…

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Senate Panel Approves IMF-Backed Grid Levy Bill for Captive Power Plants

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Power-Plants

ISLAMABAD, May 16 – The Senate Standing Committee on Finance and Revenue on Thursday unanimously approved the Captive Power Plants Levy Bill 2025, granting legal cover to a controversial grid levy imposed on natural gas and RLNG supplies to industrial captive power plants (CPPs), effective from March 7. The bill, introduced at the behest of the International Monetary Fund (IMF), is part of Pakistan’s commitments under the \$7 billion Extended Fund Facility (EFF). It aims to encourage industrial CPPs to shift to the national electricity grid, reduce excess power capacity…

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NIMA and ISSI Host Groundbreaking International Seminar on Deep-Sea Mining in Islamabad

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Islamabad, May 2025 – The National Institute of Maritime Affairs (NIMA), in collaboration with the Institute of Strategic Studies Islamabad (ISSI), convened its maiden international seminar titled “Deep-Sea Mining: Prospects & The Global Conservation Imperatives”, drawing over 200 participants including policymakers, scientists, environmentalists, industry leaders, and students. The high-level forum sparked vital discourse on striking a balance between the economic potential of deep-sea resource extraction and the urgent need to protect delicate marine ecosystems. Opening the event, Vice Admiral Ahmed Saeed, President of NIMA, underscored the ocean’s dual role as…

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KATI Applauds Fixed Rs38/Unit Power Tariff for Karachi Industry

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KARACHI: The Korangi Association of Trade and Industry (KATI) has lauded the federal government’s decision to fix the electricity tariff at Rs38 per unit (inclusive of taxes) for Karachi’s industrial consumers during May 2025, terming it a crucial relief for businesses struggling with soaring production costs. KATI President Junaid Naqi expressed gratitude to Prime Minister Shehbaz Sharif for his industry-friendly stance and appreciated Federal Energy Minister Awais Leghari for implementing reforms that enabled the supply of national grid electricity to Karachi. Naqi also acknowledged the pivotal role of the Special…

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Govt Moves to Ensure Crude Supply to ARL; Freight Likely Set at Rs1,490/Barrel

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Crude supply

ISLAMABAD: In a bid to address supply shortfalls and bolster fuel production for the armed forces, the Petroleum Division has initiated measures to secure the transport of 5,000 barrels per day (BPD) of crude oil from the Naimat oilfield in Sindh to Attock Refinery Limited (ARL) in Rawalpindi. A summary proposing the freight rate at Rs1,490 per barrel for transporting condensate from United Energy Pakistan’s (UEP) Naimat field has been submitted to the Economic Coordination Committee (ECC). Although the proposal was not considered in the ECC’s Tuesday meeting, it is…

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