Category: Uncategorized

Petrol price cut by Rs2.27, HSD’s by Rs3.56

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SLAMABAD: The ex-depot prices of petrol has decreased by Rs 2.27 per litre from Rs 391.30 to Rs 389.03 per litre while High Speed Diesel (HSD) dropped by Rs 3.56 per litre to settle at Rs 404.97 per litre effective for September 29. The Petroleum Division has announced lower ex-depot prices for petrol and HSD, based on the working of the Oil and Gas Regulatory Authority (OGRA) using a seven-working-day rolling average of the daily Platts Arab Gulf Means Price. During this period, the average petrol price has been reduced…

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LNG crisis shifts from supply risk to affordability: report

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KARACHI: Pakistan’s energy challenge has entered a more complex phase, with the country struggling not only to secure LNG supplies but also to obtain fuel at prices that households, businesses and the economy can afford. According to a report titled ‘LNG Supply Shock — From Contract Disruption to Energy-Cost Pressure’ released by the Institute of Cost and Management Accountants of Pakistan (ICMAP), geopolitical disruptions in 2026 transformed Pakistan’s LNG outlook almost overnight. Earlier concerns about an LNG surplus worth an estimated $5.6 billion gave way to an acute supply squeeze,…

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HBL Microfinance Bank, 1LINK & Euronet sign agreement to launch Pakistan’s first PayPak Credit Card

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Islamabad, September 29, 2026: HBL Microfinance Bank (HBL MfB), 1LINK (Pvt.) Limited and Euronet Pakistan have signed a landmark tripartite agreement to introduce Pakistan’s first PayPak Credit Card, with HBL Microfinance Bank becoming PayPak’s inaugural credit card partner. This milestone marks an important development in Pakistan’s payments landscape. The agreement was signed by Mr. Amir Khan, President & CEO, HBL Microfinance Bank; Mr. Najeeb Agrawalla, CEO, 1LINK; and Mr. Kashif Gaya, CEO, Euronet. Under the partnership, HBL Microfinance Bank will issue the PayPak Credit Cards and lead the customer proposition,…

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Government weighs new gas tariff slabs to expand protected consumer category

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The government is likely to introduce additional gas tariff slabs to provide cheaper gas to more consumers by expanding the protected consumer category, as it moves to address persistent circular debt in the gas sector, The Express Tribune reported.  The Cabinet Committee on Energy (CCOE), chaired by Prime Minister Shehbaz Sharif, has directed the Ministry of Energy’s Petroleum Division to examine a more rational categorisation of protected gas consumers. The proposal was discussed as the committee reviewed the accumulation of circular debt in the oil and gas sectors. The Petroleum…

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Governor calls for policy to boost local solar manufacturing

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LAHORE: Punjab Governor Sardar Saleem Haider Khan has called for a policy framework to promote domestic manufacturing of solar systems, saying Pakistan could create millions of jobs, generate clean and affordable energy and earn valuable foreign exchange by developing a local solar industry. “It is unfortunate that solar system manufacturing is not being done due to lack of a government policy,” the governor said while addressing the third International Solar Power Conclave & Solar Technology Excellence Awards 2026, organised by Energy Update in collaboration with the Pakistan Solar Association (PSA),…

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