The price of kerosene oil in Pakistan has increased by Rs17.35 per litre, pushing its price to Rs324.35 per litre under the latest petroleum price revision. According to the revised rates, kerosene oil has risen from Rs307 to Rs324.35 per litre, increasing the cost for consumers and industries that rely on the petroleum product. The…
The federal government is considering a monthly financial relief package of around Rs2,000 for motorcycle owners as rising petrol prices continue to put pressure on household budgets. Prime Minister Shehbaz Sharif has given the go-ahead for the proposed relief scheme, which is expected to initially run for three months. Officials said the programme could be…
The federal government has increased the prices of petrol and high-speed diesel in Pakistan by more than Rs5 per litre, adding to the pressure on consumers and businesses following a series of fuel price increases. According to a notification issued by the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the prices under…
The National Electric Power Regulatory Authority (NEPRA) has conditionally approved Pakistan’s controversial Integrated System Plan (ISP) 2025, covering the country’s electricity generation and transmission requirements for the 2025–2035 period. The 11-year plan involves an estimated investment of around $58 billion in power generation and transmission infrastructure. However, NEPRA’s approval comes with several conditions and reservations…
Pakistan’s long-running Gas Infrastructure Development Cess (GIDC) controversy has entered a fresh phase, with Rs453 billion still awaiting recovery from defaulters while another Rs295 billion reportedly remains unutilised. The issue has resurfaced as the government seeks to amend the GIDC law and expand the permissible use of funds collected under the levy. The proposed GIDC…
The government has decided to allow the export of an additional 200,000 metric tonnes of sugar, citing sufficient domestic stocks and improved production. The decision was taken by a sugar steering committee chaired by Deputy Prime Minister Ishaq Dar and will now be presented to the Economic Coordination Committee (ECC) for formal approval. The latest…
ISLAMABAD: Pakistan has invited international buyers to submit bids for the export of 107,739 metric tonnes of white refined sugar as the country moves to manage excess domestic stocks. The Trading Corporation of Pakistan (TCP), the state-run trading agency, has issued an international tender for the sale and export of the sugar, according to European…
ISLAMABAD: Punjab has the largest reported sugar stock among the three provinces for which figures were presented to the Federal Board of Revenue (FBR), with more than 1.58 million metric tonnes available as of Friday, September 4. According to figures presented to FBR Chairman Rashid Mahmood Langrial, Punjab had 1,588,542 metric tonnes of sugar in…
The crisis surrounding Pakistan Steel Mills (PSM) has intensified as the PSMC Stakeholders Group has called for an urgent National Assembly inquiry into alleged losses exceeding Rs800 billion and questioned the management and financial affairs of the state-owned industrial giant. In a letter addressed to the National Assembly Standing Committee on Industries and Production, the…
KARACHI: The Pakistan Stock Exchange (PSX) came under renewed selling pressure on Monday as escalating US-Iran tensions unsettled investors, sending the benchmark KSE-100 Index down more than 400 points during early trading. At around 9:40am, the KSE-100 Index stood at 177,242.03 points, down 454.47 points, or 0.26%, from the previous close. Selling pressure was visible…
