Category: Latest News

ISLAMABAD: Saudi Arabia’s Asyad Group has expressed strong interest in participating in Pakistan’s upcoming airport privatisation process and is working to bring together Saudi and international partners with the required technical expertise. The Group has also reaffirmed its commitment to expanding its investment footprint in Pakistan across multiple sectors, including energy, infrastructure, financial services and other areas emerging through the government’s ongoing privatisation programme. Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting with Ghassan Ahmed Amodi, Chief Executive Officer of Asyad Group, Saudi Arabia, and Chairperson of…

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has refused to consider the government’s proposed review of the industrial incremental tariff package unless the Power Division first consults industry stakeholders and incorporates their concerns. The development comes as the government seeks to recover around Rs36.52 billion from electricity consumers in September through an additional fuel cost adjustment (FCA), largely driven by expensive LNG imports. A further increase in consumer costs is expected in October as higher RLNG prices are likely to push up power generation costs. At a public hearing…

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KARACHI: President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, Chairman National Business Group Pakistan and Chairman Policy Advisory Board FPCCI, Mian Zahid Hussain, has welcomed Prime Minister Shehbaz Sharif’s directions to expand and modernise the fleet of Pakistan National Shipping Corporation (PNSC), describing the initiative as a major step towards strengthening the country’s trade sovereignty, energy security and foreign exchange position. Mian Zahid Hussain said increasing Pakistan’s own shipping capacity was essential to reduce dependence on foreign shipping companies and contain the billions of dollars paid annually…

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Petroleum Minister Reviews Refinery Modernisation, Energy Security and Supply Resilience KARACHI: August 28,2026 Federal Minister for Petroleum Ali Pervaiz Malik held meetings with the managements of Pakistan’s five oil refineries, Pak Arab Refinery Limited (PARCO), Pakistan Refinery Limited (PRL), National Refinery Limited (NRL), Cnergyico and Attock Refinery Limited (ARL), to review progress towards implementation of the Brownfield Refinery Upgradation Policy, the financial and operational performance of the refineries, and measures to strengthen Pakistan’s energy security. The managements of all five refineries reaffirmed their readiness to sign agreements under the Refinery…

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