Category: Latest News

Pakistan Seeks Out-of-Court Settlement to Shelve Iran–Pakistan Gas Pipeline

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gas-pipeline

ISLAMABAD: Pakistan has informed Iran of its intention to shelve the long-delayed Iran–Pakistan (IP) gas pipeline project through an out-of-court settlement, while keeping the option open to revive the project if a waiver from United States sanctions can be secured, sources said on Monday. The IP gas pipeline has remained stalled since 2014 due to US sanctions on Iran, despite Tehran granting Pakistan extensions of more than a decade to meet its contractual obligations. Iran has also initiated legal proceedings against Pakistan for failing to execute the project within the…

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PM Pushes for ‘Export Emergency’ to Achieve $60bn Exports by 2029

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Shahbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif has formed a high-level committee to examine a proposal for declaring an “export emergency” as Pakistan seeks to double its export earnings to $60 billion within four years by removing structural and administrative bottlenecks, Planning Minister Ahsan Iqbal said on Monday. Addressing a press conference, Iqbal said the committee, chaired by Deputy Prime Minister and Finance Minister Ishaq Dar, would review wide-ranging proposals aimed at boosting exports. He noted that the planning ministry had recently briefed the country’s civil and military leadership on strategies to…

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Gas Shortages Deepen Winter Hardships for Karachi Residents

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Gas-Supply

KARACHI: The gas crisis gripping Karachi for the past four days worsened on Monday, leaving several neighbourhoods without any gas supply and others struggling with critically low pressure, further intensifying the winter ordeal for residents. With minimum temperatures dropping to 8.1 degrees Celsius, according to the Met Office, office-goers, students and families continued to suffer from cold kitchens and disrupted daily routines. Residents across the city said the cold spell once again exposed serious flaws in the gas utility’s distribution system, turning routine household life into a daily struggle. “How…

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Chinese E-Bike Manufacturer Explores Joint Ventures and Localisation in Pakistan

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E-Bike

ISLAMABAD: A leading Chinese electric motorcycle manufacturer is exploring opportunities for joint ventures, localisation, and investment in Pakistan’s rapidly evolving electric vehicle (EV) sector. A three-member delegation from Chaoniu Electric Motorcycle Company on Monday held detailed discussions with senior officials of the Board of Investment (BoI), focusing on potential collaboration in electric bikes, technology transfer, and setting up local manufacturing facilities. The talks underscored growing Chinese interest in Pakistan’s EV market, driven by rising fuel costs, supportive government policies, and increasing demand for affordable and sustainable mobility solutions. The delegation…

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Rising Subsidised Consumer Base Neutralises Power Tariff Cut

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electricity-tariffs

ISLAMABAD: Mounting challenges in Pakistan’s power sector have diluted the impact of a reduction in electricity tariffs, as the number of subsidised and low-income consumers has more than doubled to around 21 million over the past three years, effectively offsetting a 62-paisa per unit cut in the national average power rate effective January 1. In an unprecedented move, the National Electric Power Regulatory Authority (Nepra) on Monday issued its determination on annual tariff rebasing just hours after holding a public hearing on the federal government’s request. The swift decision drew…

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