PAC Raises Concerns Over Rs. 47.81 Billion Electricity Overbilling
Public Accounts Committee raises concerns over electricity overbilling by power distribution companies in Pakistan.
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Energy Rates
Oil Prices Surge Past $100 as Houthi Attacks Worry Traders
Brent crude surpasses $100 per barrel due to security threats in the Red Sea, with concerns over global oil supplies and shipping…
Korean energy firm KOEN writes to PM over stalled $1bn investment in Pakistan
KOEN, a state-owned company from the Republic of Korea, has approached Prime Minister Shehbaz Sharif with concerns over unfair treatment during the…
OGRA Operates Without Permanent Leadership Since February
Pakistan’s oil and gas regulator, OGRA, operates without a permanent chairman since February 2026 and the Member (Oil) position remains unfilled.
BYD’s $150 Million Plant Near Completion in Pakistan
Chinese auto giant BYD's $150 million assembly plant in Gharo, Sindh, is nearing completion and will produce the country’s first locally assembled…
Government Urged to Address Tanker Operators’ Demands Within 72 Hours
Oil tanker owners and contractors have given the government a 72-hour ultimatum to address their demands or face a nationwide wheel-jam strike.
EasyJet profits plummet as fuel costs soar amid Iran conflict
Budget airline EasyJet reports a 70% drop in pre-tax profit due to soaring fuel costs and later bookings caused by the Iran…
Kerosene Oil Price Hiked by Government
The government has increased kerosene oil prices to Rs297.17 per litre, effective from July 23.
Punjab launches $80 million clean water program
Chief Minister Maryam Nawaz initiates 'Chief Minister Clean Water Program' to install 5,600 filtration plants and establish state-of-the-art bottling facil
Business Confidence in Pakistan Improves, But Budget Worries Persist
Business sentiment in Pakistan has improved but concerns over inflation and the Federal Budget remain a major issue.
Pakistan-Russia Webinar Outlines Key Areas for Cooperation
A recent webinar discussed trade, energy and education collaboration between Pakistan and Russia, recommending institutional mechanisms to ensure practical
Chery Master Offers Tax Relief to Customers on PHEV Lineup
Master Auto Engineering is providing tax relief for Chery Super Hybrid vehicles until July 31, 2026, to support the adoption of cleaner…
Pakistan Buys Seven Costly Spot LNG Cargoes Amid US-Iran Tensions
Pakistan has purchased seven expensive spot liquefied natural gas cargoes amid US-Iran tensions, highlighting the increased costs of securing fuel supplies
Government divides APPPOA over petrol pump strike
The government succeeded in dividing the All Pakistan Petroleum Pump Owners Association during talks, with one group postponing its strike and others…
PSO Receivables Reach Rs. 909 Billion Amid Energy Sector Debt Crisis
Pakistan State Oil reports receivables of Rs. 908.7 billion, highlighting the energy sector's circular debt crisis.
Pakistan Reports Strong Economic Performance to IMF, Aims for Capital Market Return
Finance Minister Muhammad Aurangzeb met with IMF officials in Washington D.C. to discuss progress and set future goals for Pakistan's economic strategy.
Finance Minister Reviews Pakistan’s Economic Performance with IMF Officials
Finance Minister Muhammad Aurangzeb met with senior IMF officials in Washington, D.C., discussing macroeconomic performance and reforms under EFF and RSF p
Pakistan Briefs IMF on Economic Reforms and Progress
Finance Minister Muhammad Aurangzeb briefed senior IMF officials on Pakistan's economic progress, focusing on fiscal discipline and structural reforms.
Fitch Ratings Boosts Taiwan GDP Projections for AI Sector
Fitch Ratings has revised its Taiwan GDP growth forecasts, predicting a higher rate of 9.4% in 2026 due to strong global demand…
World Bank report challenges Pakistan’s industrial policy approach
The World Bank's new report advises Pakistan to carefully align its industrial policies with state capacity and fiscal space, highlighting the need…