Tag: oil

Islamabad: October 16,2026 The impression conveyed in a recent news article regarding the proposed LPG allocation mechanism is inaccurate. The transparent mechanism for the disposal of locally produced LPG through a competitive process remains a priority of the Government, as it would ensure a level playing field for the industry and address the existing capture whereby locally produced LPG is concentrated among a few market players. The Petroleum Division has submitted a set of measures to improve the supply position in the market. One of these measures is the disposal…

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• Sindh – Chinese companies sign 35 MoUs; special desk established for investors with 10-year tax exemptions.• “Karachi will replicate Shanghai’s economic success modelSHANGHAI (Oct 15): In a significant push to boost bilateral economic ties, Sindh Chief Minister Syed Murad Ali Shah has stated that the recently concluded second Sindh Investment Conference in Shanghai- held after a 12-year hiatus- will usher in a new era of Chinese investment, job creation, and industrial modernisation in the province. Addressing the media following the Shanghai conference, CM Murad Ali Shah highlighted that the…

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Karachi, October 14: National Bank of Pakistan (NBP) has been recognized with the “Sustainable Infrastructure Initiative of the Year – Pakistan” award at the Asian Banking & Finance (ABF) Corporate & Investment Banking Awards 2026, for the Bank’s role in structuring and arranging a PKR 850 million syndicated project finance facility to support the deployment of solar energy systems at cellular tower sites. Presented in Singapore, the award recognizes outstanding performance, innovation and excellence in corporate and investment banking across Asia. NBP was recognized for its advisory, structuring and financing…

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SINGAPORE: Emerging Asian countries are scaling back or delaying liquefied natural gas (LNG)-based power projects as geopolitical tensions, soaring fuel prices, equipment shortages and increasingly competitive renewable energy reshape the region’s energy plans. Countries including Vietnam and the Philippines had planned to expand LNG import terminals and gas-fired power plants to meet rising electricity demand and reduce dependence on coal. However, the market disruptions following Russia’s 2022 invasion of Ukraine and the ongoing US-Iran conflict have driven up fuel prices, highlighting the risks of relying heavily on imported gas. Several…

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KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Talat Mahmood has strongly criticised prolonged and widespread load-shedding by K-Electric (KE), warning that persistent power disruptions are undermining industrial productivity, commercial activity, employment and residents’ daily lives. Expressing concern over reports that KE had extended load-shedding to areas previously exempt from scheduled outages, Mahmood said Karachi, the country’s main commercial and industrial hub, continued to face an unreliable electricity supply despite its critical contribution to the national economy. “Karachi cannot be expected to drive Pakistan’s economy while its industries, businesses…

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