ISLAMABAD: Pakistan’s proposed $3.5 billion Falcon Isles Refinery and Storage Complex has cleared a key institutional hurdle, bringing the major energy project closer to consideration under the country’s industrial cooperation framework. The China-Pakistan Economic Corridor (CPEC) Secretariat has endorsed the proposed refinery project, which is planned for Dhabeji in Thatta district, Sindh. Following the endorsement,…
ISLAMABAD: The federal government has approved amendments to the National Electricity Plan 2023–2027 as part of efforts to improve the country’s power sector and ensure affordable and reliable electricity for consumers. Prime Minister Shehbaz Sharif chaired a meeting of the Cabinet Committee on Energy, where officials reviewed the financial position of the electricity industry and…
Federal Petroleum Minister Ali Pervaiz Malik has said that Pakistan’s transition to a daily petroleum pricing mechanism will improve transparency, eliminate opportunities for market manipulation, and establish a more competitive, consumer-friendly fuel pricing system. Speaking during a meeting with key stakeholders from the petroleum industry, the minister described the reform as a major step towards…
The Government of Pakistan has announced revised fuel prices effective February 16, 2026, marking a notable increase in the cost of petrol and diesel across the country. Under the new pricing structure, the price of petrol has risen by approximately Rs 4.39 per litre, while the price of diesel has increased by around Rs 5.40…
