Category: Latest News

The Adviser to the Prime Minister on Privatisation, Chairman Privatisation Commission and Public Private Partnership Authority (P3A) speaking at the Leaders in Islamabad Business Summit 2026., on the theme “The Next Move- Pakistan’s Next Phase of Growth, Investment and Competitiveness”, emphasized the need for strategic shift from economic stabilisation toward generational growth, building market competitiveness through innovation, enabling the private sector and developing credible public policy framework.” Muhammad Ali highlighted recent macroeconomic gains and the stability achieved through tough decisions, and said that stability is merely a launchpad for a…

Read More

PRESS RELEASEIslamabad: September 17, 2026 A meeting between Federal Minister for Petroleum Ali Pervaiz Malik and Khyber Pakhtunkhwa Minister for Energy and Power Nazir Ahmed Abbasi was held today to discuss strategic energy issues, oil and gas supply, security of exploration and production activities, and the energy challenges faced by the province. Secretary Energy and Power, Government of Khyber Pakhtunkhwa, was also present in the meeting. Federal Minister Ali Pervaiz Malik briefed the KP Minister on the prevailing oil supply situation and volatility in international petroleum markets. He highlighted the…

Read More

ISLAMABAD: Pakistan is considering several options for an empty oil tanker stranded in the Red Sea near Saudi Arabia’s East-West pipeline, following the pipeline’s shutdown after recent attacks. Energy Minister Ali Pervaiz Malik said Saudi authorities have asked the vessel to remain on standby, while Pakistan evaluates whether to keep it there until the pipeline resumes operations or move it elsewhere. 🛢️ Options Under Consideration Pakistan is reportedly considering: Malik warned that prolonged disruption to crude supplies could create a diesel shortage, with the country currently holding stocks for roughly…

Read More

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) and Petroleum Division have identified weaknesses in the LPG pricing formula and policy framework, saying the mechanism has contributed to significant differences between notified and actual market prices. According to officials, the main issue is the exclusion of import parity from the existing LPG pricing formula. A policy revision considered necessary since 2023 remains pending. The Petroleum Division told the National Price Monitoring Committee (NPMC) that a pricing framework originally designed for domestic LPG producers was later applied to importers, creating market…

Read More

ISLAMABAD: Power Minister Awais Leghari has said the government is working to introduce a virtual grid system that will allow electricity consumers to generate and store power. Regulations for virtual grids are already under preparation and are expected to be finalised by the last quarter of the current fiscal year. The government has also directed power distribution companies (Discos) to install battery storage systems on their grids as part of efforts to strengthen the power system and promote energy storage. Leghari said a “battery revolution” was coming to Pakistan, with…

Read More