Category: Latest News

Nepra Approves 33-Paisa Tariff Hike as Regulator Flags Deepening Power-Sector Inefficiencies

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a 33-paisa per unit increase in the national uniform electricity tariff for three months (December–February), while simultaneously allowing discounted incremental rates for industrial and agricultural consumers. The regulator’s decision comes with a sharply worded additional note highlighting pervasive inefficiencies, theft, mismanagement, and the underutilisation of cheaper power plants—costs that Nepra warned should not be passed on to consumers. 33-Paisa Quarterly Tariff Adjustment Nepra approved a positive Quarterly Tariff Adjustment (QTA) of Rs6.067 billion for the first quarter of FY26.The increase…

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ECC Approves Higher Petrol & Diesel Margins for OMCs, Dealers

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ISLAMABAD: The Economic Coordination Committee (ECC) has approved an increase of Rs2.56 per litre in combined profit margins for oil marketing companies (OMCs) and petroleum dealers to improve sector profitability, while also introducing stricter rules for used vehicle imports and limiting chloroform imports to certified pharmaceutical companies. Chaired by Finance Minister Muhammad Aurangzeb, the ECC approved a Rs1.22 per litre rise in OMC margins and a Rs1.34 per litre increase for petrol and diesel dealers. The adjustments will be rolled out in two phases. Immediate Increase from Next Price Revision…

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GITEX Announces Landmark Expansion into Vietnam, Unlocking US$200bn Digital Economy Potential

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Hanoi, Vietnam: Vietnam’s rapidly rising technology landscape is set to enter a new era of global collaboration and innovation with the official announcement that GITEX – the world’s largest and highest-rated tech show brand – is expanding into Vietnam. Organised by Dubai World Trade Centre (DWTC) and KAOUN International, in partnership with the Vietnam National Innovation Center (NIC) and facilitated by the Tony Blair Institute for Global Change (TBI), the inaugural GITEX AI VIETNAM will take place in Hanoi from 1–2 October 2026. The event will serve as an anchor…

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FPCCI Launches Historic Training Initiative for 1,000 Industry Leaders at Conference on Future-Ready WorkforceEU Ambassador Pledges SupportProgrammeAtif Ikram Sheikh, President FPCCI

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ISLAMABAD / KARACHI: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has apprised that First Annual Conference on “Co-creating Pakistan’s TVET System for Future-ready Workforce” held today in Islamabad with who’s who of the trade bodies and associations in attendance. Mr. Atif Ikram Sheikh highlighted that the mega event and the initiative is supported by the TVET Sector Support Programme – and, it is co-funded by the EU and Germany. The conference has marked a historic milestone in bridging the gap between…

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PPL recognized by MAP at 40th Corporate Excellence Awards, secures second position among oil and gas exploration companies

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KARACHI, December 9, 2025: Pakistan Petroleum Limited (PPL) bagged second position at the 40th Corporate Excellence Awards recently organized by Management Association of Pakistan (MAP) in Karachi. The company received the recognition amongst the Oil and Gas Exploration sector in the Industrial Category. Sindh Minister for Labour, Human Resources and Social Protection, Saeed Ghani presented the award to PPL. Being a prestigious award, it recognizes and honors companies demonstrating outstanding performance and enlightened management practices. There were three broad categories of Awards; Industrial, Financial and Not-For-Profit. Companies are assessed in…

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