Category: Popular News

Foreign exchange constraints crop up in oil supply chain despite improvement in stock of petroleum products

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OIl-Price

ISLAMABAD: Despite improved stock covers of petroleum products, foreign exchange constraints have started to crop up in the oil supply chain due to additional costs of skyrocketing global prices, insurance and import premiums, and freight charges.The issue was formally raised at a meeting of the special cabinet committee formed to monitor petroleum prices, presided over by Finance Minister Muhammad Aurangzeb.The oil industry complained that credit limits for oil marketing companies (OMCs) in Pakistani currency remained unchanged, despite their foreign exchange requirements increasing more than double since the beginning of the…

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Sri Lanka asks electric vehicle owners to unplug at night

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electric vehicle

Sri Lanka has urged electric vehicle owners to stop charging their cars at night, saying the surge in demand is forcing the country to burn more coal and diesel to keep the power grid running.In an address to the nation, President Anura Kumara Dissanayake said electric cars were adding an extra 300 megawatts of demand at night, straining the grid.“Electric car owners charge their vehicles when they return from work. This is placing an additional burden on the grid, and we are compelled to operate all our generators to meet…

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Mari Energies discovers gas in Sindh

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Mari Energies

Mari Energies Limited (MariEnergies), one of Pakistan’s largest E&P companies, announced on Thursday the discovery of hydrocarbon from its exploratory well located in Sindh.The company shared the information in a notice to the Pakistan Stock Exchange (PSX) today.“MariEnergies is pleased to announce a gas & condensate discovery resulting from Shams-1 exploratory well, drilled in Mari D&PL, located in Ghotki district, Sindh.Shams-1 well was spud-in on January 30, 2026, and successfully drilled down to the total depth of 3,075m,” the notice read, adding that the well targeted Lower Goru-B sands as…

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Salaried Class Paid Rs. 365 Billion in Taxes in First 8 Months

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salaried class

March 19, 2026Islamabad (Mehtab Haider)Pakistan’s voiceless salaried class has paid Rs. 365 billion in income tax during the first eight months (July to February) of the current fiscal year, which is even higher than the combined contributions of all wealthy segments—including retailers, wholesalers, exporters, and property tycoons.According to official data from the Federal Board of Revenue (FBR), the salaried class paid Rs. 365 billion in taxes during the first eight months of fiscal year 2026, compared to Rs. 332 billion during the same period in fiscal year 2025. Although the…

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LNG shortage may affect power sector gas supply in April, Senate told

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lng

Summary Pakistan may face LNG shortage after Apr 14, officials told a Senate panel. Middle East tensions have disrupted supplies, fuel prices surged, and gas to power sector has dropped from 300 to 130 MMCFD ISLAMABAD (Dunya News) – Liquefied natural gas (LNG) will not be available in the country after April 14, which may create difficulties in meeting the gas requirements of the power sector during April, official told it to the Senate Standing Committee on Petroleum. The committee meeting was held under the chairmanship of Senator Manzoor Ahmed,…

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