BeNewz Report ISLAMABAD: Pakistan is reducing its dependence on imported liquefied natural gas (LNG) as volatile global prices and a weakened rupee strain the economy. The state-owned buyer, Pakistan LNG Ltd (PLL), has negotiated deferments of long-term LNG cargoes with suppliers including Qatar and Italy’s Eni after contracts linked to …
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BeNewz Report ISLAMABAD: The government is poised to revise petroleum product prices effective November 16, with a sharp increase in diesel and marginal relief for petrol consumers. According to industry sources, the ex-depot sale price of high-speed diesel (HSD) is set to climb by Rs 9.60 per litre to approximately …
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Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved a series of measures aimed at stabilizing Pakistan’s power sector and maintaining steady remittance inflows. The meeting, chaired by Finance Minister Senator Muhammad Aurangzeb at the Finance Division, endorsed multiple financial frameworks to rationalize tariffs, settle …
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Aftab Maken The Economic Coordination Committee (ECC), chaired by Finance Minister Muhammad Aurangzeb, is set to meet today (Friday) to deliberate on a key economic agenda focused on energy sector reforms, fiscal management, and industrial support measures. According to the Cabinet Division’s notice, the ECC will consider seven major proposals …
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Aftab Maken Pakistan has awarded 23 offshore oil exploration blocks in its first bidding round in 18 years, signaling renewed investor confidence and a major step toward enhancing domestic oil and gas output. The Ministry of Energy confirmed that four consortiums — led by state-run Oil and Gas Development Company …
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Aftab MakenISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday concluded hearings on the quarterly tariff adjustment sought by distribution companies (DISCOs) and K-Electric, with the federal government proposing a Rs0.45 per unit increase in electricity prices for the next three months. The authority, chaired by Waseem Mukhtar, reserved …
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Finance Ministry notifies new fuel prices nationwide, effective from November 1. Aftab Maken ISLAMABAD: The Finance Ministry has issued a notification increasing petroleum product prices across Pakistan while reducing the rate of liquefied petroleum gas (LPG). The new POL prices take effect from November 1, 2025. Petrol has been raised …
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Aftab Maken The government is expected to increase petroleum prices by up to Rs 2.34 per litre for the next fortnight, effective from November 1, 2025, in line with fluctuations in global oil markets. According to official estimates, the price of petrol is projected to rise by Rs 1.48 per …
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Aftab Maken ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has reviewed K-Electric’s Multi-Year Tariff (MYT) for 2024–2030 to correct structural flaws that risked creating an unnecessary financial burden on the national budget and giving the private power utility advantages not available to other electricity distribution companies (DISCOs). Power experts …
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Electricity rates for additional units reduced; production costs expected to fall Aftab Maken Federal Minister for Energy Sardar Awais Ahmad Khan Leghari announced that the government has decided to allocate 7,000 megawatts of surplus electricity to the industrial and agricultural sectors to boost economic productivity. He said both sectors are …
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