Category: Latest News

Minister Calls for Recognition of Traditional Knowledge of Coastal Communities

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Minister Calls for Recognition of Traditional Knowledge of Coastal Communities **ISLAMABAD:** Maritime Affairs Minister Junaid Anwar has called for greater recognition of the traditional ecological knowledge held by coastal communities, saying it can play an important role in climate adaptation, marine conservation and sustainable fisheries. In a statement issued in connection with the International Day of the World’s Indigenous Peoples, observed on Sunday under the United Nations’ 2026 theme, **“Honouring Indigenous Midwives: Safeguarding Life and Well-being,”** the minister highlighted the importance of preserving traditional and indigenous knowledge systems and ensuring…

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NEPRA Approves 30-Year Tariff of 9.3843 Cents/kWh for 102MW Gulpur Hydropower Project

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NEPRA Approves 30-Year Tariff of 9.3843 Cents/kWh for 102MW Gulpur Hydropower Project **ISLAMABAD:** The National Electric Power Regulatory Authority (NEPRA) has approved a levelised tariff of US cents 9.3843 per kWh for 30 years for the 102-megawatt run-of-the-river Gulpur Hydropower Project, developed by Mira Power Limited (MPL) in Azad Jammu and Kashmir (AJ&K). According to NEPRA’s latest determination, the approved generation tariff has been set at Rs17.3751 per kWh for the first 12 years and Rs8.2686 per kWh for the remaining 18 years, resulting in a levelised tariff of Rs14.8507…

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Hub Industries Face Severe Water Shortage Despite Near-Full Dam

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Hub Industries Face Severe Water Shortage Despite Near-Full Dam **KARACHI:** Industries in Hub are facing a worsening water crisis despite the Hub Dam being almost full, with business leaders warning that prolonged shortages could force several industrial units to suspend operations and put thousands of jobs at risk. The Hub Chamber of Commerce and Industry (HCCI) has appealed to Prime Minister Shehbaz Sharif to intervene immediately, warning that the shortage could develop into a major industrial, agricultural and humanitarian crisis. HCCI President Yakoob H. Karim and former president Ismail Suttar…

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Pakistan Plans Oil Storage Partnership with Saudi Arabia, Kuwait and Qatar

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Pakistan Plans Oil Storage Partnership with Saudi Arabia, Kuwait and Qatar **Lahore:** Pakistan is preparing to launch a strategic oil storage scheme in partnership with Saudi Arabia, Kuwait and Qatar to strengthen the country’s energy security and protect against future supply disruptions. Petroleum Minister Ali Pervaiz Malik said on Sunday that the three countries would store oil on secure Pakistani territory under a bonded arrangement at their own cost and supply the stored resources to international markets. Under the proposed scheme, Pakistan would have the right to purchase the stored…

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# Govt to Gradually Restore Petroleum Levy to Rs80 per Litre **ISLAMABAD:** The government is set to gradually restore the **petroleum levy (PL) on petrol and diesel to the budgeted rate of Rs80 per litre**, arguing that maintaining the temporary reduction despite easing international oil prices could create a significant revenue shortfall, widen the fiscal deficit and undermine fiscal stability. The development was confirmed by **Adviser to the Finance Minister Khurram Schehzad** on Friday. In a statement posted on X, Schehzad said the petroleum levy on diesel remained lower than…

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