Category: Popular News

EIB Eyes Stake in Reko Diq as Pakistan Clarifies Mineral Potential

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ISLAMABAD: The European Investment Bank (EIB) has expressed interest in investing in Pakistan’s multibillion-dollar Reko Diq Project, potentially in exchange for access to critical mineral supplies, as officials seek to attract foreign investment into the strategic mining sector. Speaking at the EU-Pakistan Business Forum, Dr. Nawaz Ahmed Virk, Director General of Minerals at the Ministry of Energy, dismissed claims that Pakistan holds $6 trillion worth of mineral reserves, calling the figure “highly exaggerated” and not based on comprehensive exploration. However, he emphasized that the country still possesses significant untapped mineral…

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Govt hikes petrol, high-speed diesel prices by Rs26.77 per litre

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petrol-price1

Prime Minister Shehbaz Sharif on Friday jacked up prices of both high-speed diesel (HSD) and petrol by Rs26.77 per litre despite no increase being required in the rates of petrol. The premier imposed a nearly Rs27 per litre additional tax on the fuel to push its price higher. Accordingly, the HSD price has been fixed at Rs380.19 per litre, up from Rs353.42 per litre. This marks a 7.5% increase. Diesel prices are still significantly lower than their peak of Rs520.4 on April 10. Diesel is considered the most inflationary fuel…

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Trump Signals Possible Islamabad Visit as Pakistan Leads Push for US–Iran Deal

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WASHINGTON: US President Donald Trump has hinted at a possible visit to Islamabad if a final peace agreement between the United States and Iran is successfully concluded there, expressing optimism over ongoing negotiations. Speaking to reporters at the White House, Trump said, “If a deal is signed in Islamabad, I may go. They want me,” indicating confidence in Pakistan’s role as a key mediator in the talks. He claimed that Tehran had accepted “almost everything” under negotiation, though he reiterated Washington’s demand for the dismantlement of Iran’s nuclear programme. Trump…

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The Power Division spokesperson has issued an important clarification regarding the Peak Hours Relief Strategy.

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Power-sector

The statement explained that no load management is being carried out in HESCO (Hyderabad Electric Supply Company) and K-Electric under the 2.25-hour peak hours relief plan. This is due to the availability of low-cost power generation in the southern region and its supply to these two distribution companies. The spokesperson noted that furnace oil-based generation does not significantly impact these areas. In addition, sufficient electricity from alternative sources is available in the south. Since this electricity is primarily supplied to HESCO and K-Electric, it has been decided not to subject…

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PM Shehbaz cuts petrol price by Rs12, diesel by Rs135 per litre

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petrol

Prime Minister Shehbaz Sharif addresses the nation, April 10, 2026. ISLAMABAD: Prime Minister Shehbaz Sharif on Friday announced a cut of Rs12 in petrol price and Rs135 in diesel rate, citing reduction in global oil prices. In a televised address, the prime minister said the new fuel prices will take effect from April 11. The Petroleum Division issued a notification reducing petrol prices by Rs11.83 and diesel by Rs134.81 per litre, setting new rates at Rs366.58 and Rs385.54, respectively. The price of kerosene has been reduced by Rs17.33 per litre…

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