–Govt rejects fuel price hike, absorbs Rs56bn burden to shield consumers amid global oil volatility Aftab Maken ISLAMABAD: The government has decided to keep petroleum prices unchanged and will bear an additional Rs 56 billion burden, Prime Minister Shehbaz Sharif said in a national address on Friday. The move follows …
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–Govt weighs targeted relief as fiscal space remains constrained amid stable fuel supplies BeNewz Report ISLAMABAD: Finance Minister Muhammad Aurangzeb chaired a high-level meeting on petroleum prices and subsidy reforms on March 27, 2026, as the government evaluates targeted relief measures while maintaining fiscal discipline, the Finance Division said. The …
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–Govt proposes optional multi-slab industrial tariff to boost power use and improve system efficiency Aftab Maken ISLAMABAD: The Ministry of Energy (Power Division) held a consultative session on a proposed multi-slab Time-of-Use industrial tariff regime, seeking industry input on a plan designed to raise electricity consumption and improve cost recovery. …
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Aftab Maken ISLAMABAD: The government plans a new optional multi-tariff mechanism for industrial electricity consumers, aiming to enhance efficiency and cost-effectiveness. The Ministry of Energy (Power Division) is considering an optional time-of-use tariff structure for industries, according to a press release issued on March 25, 2026. The initiative, led by …
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Govt plans digital rationing, seeks provinces’ share in fuel subsidy Prime Minister Shehbaz Sharif is expected to meet President Asif Ali Zardari on Tuesday to discuss including provinces in petroleum subsidy financing as the federal government prepares a digital rationing system to control fuel consumption. Sources said the meeting is …
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Fuel stocks remain stable: Govt Aftab Maken ISLAMABAD: Pakistan may face severe LNG shortages in the coming weeks, the Senate Standing Committee on Petroleum warned. Officials briefed the committee that supply could be disrupted after April 14, putting additional pressure on the power sector and industries. The Ministry of Petroleum …
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Aftab Maken ISLAMABAD: The government has said petroleum stocks remain at comfortable levels after a high-level review meeting chaired by Finance Minister Muhammad Aurangzeb, as authorities monitored global oil market volatility and regional geopolitical tensions. The government said on Saturday that Pakistan’s fuel supply position remains stable after a high-level …
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Aftab Maken ISLAMABAD: Pakistan raises petrol and diesel prices for 15 days from March 1, citing OGRA recommendation amid global oil volatility. The government of Pakistan increased petrol and diesel prices from March 1, raising petrol by Rs8 per litre to Rs266.17, according to a notification issued by the Petroleum …
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Government secures $31m investment and Rs276m for social welfare under new exploration licences signed in Islamabad Aftab Maken ISLAMABAD: Pakistan on Wednesday awarded 11 onshore oil and gas exploration blocks, securing minimum investment commitments of $31 million, or about Rs8.66 billion, alongside Rs276 million pledged for social welfare projects in …
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Aftab Maken ISLAMABAD: Pakistan’s power distribution companies lost over Rs1 trillion in FY25 due to high transmission losses and weak bill recovery, deepening circular debt and undermining service quality. Pakistan’s power distribution system bled more than Rs1 trillion in 2024-25 as high transmission and distribution losses and unpaid bills eroded …
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