Prime Minister Shehbaz Sharif is set to unveil significant reforms in the power sector tomorrow, marking a crucial step towards addressing key challenges in the energy industry. According to sources, the Prime Minister is expected to announce a reduction in electricity tariffs, with a proposed decrease of Rs 6 to …
Read More »Upstream sector challenges discussed in detail
A high-level meeting on country’s exploration & Production E&P) has focused on key challenges, including security concerns, circular debt, gas pricing, energy planning, and LNG supply constraints, said an official statement released by the Petroleum Ministry on Tuesday. Deputy Prime Minister Ishaq Dar presided over a high-level meeting today to …
Read More »Leghari inaugrates fast charging station in Islamabad
Federal Minister for Power, Awais Khan Leghari, inaugurated Pakistan’s first-ever 120 KW fast-charging station, developed by GoGreen Avenue. The event, held in Islamabad, marked a significant milestone in the country’s transition towards sustainable energy. As part of the Ministry of Energy’s broader efforts to promote green mobility and energy-efficient solutions, …
Read More »ECC reviews Reko-Diq adjustments amid rising costs & expanded scope
The Economic Coordination Committee (ECC) of the Cabinet met today with Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chairing it virtually from China where he is attending the Boao Forum for Asia 2025, says an official statement of the Finance Ministry on Tuesday. The meeting was attended by …
Read More »NEPRA concludes hearing on IPP tariff revisions
The National Electric Power Regulatory Authority (NEPRA) has concluded its hearing on the tariff revision requests submitted by the Central Power Purchasing Agency (CPPA) and seven Independent Power Producers (IPPs). The final decision on consumer relief will be announced once NEPRA completes its review of the relevant data. During the …
Read More »Finance starts recruitment for TPO
The Ministry of Finance has advertised some of the posts to operationalize the Tax Policy Office (TPO) in response to the IMF’s requirements, taking a significant step forward by advertising key positions for recruitment. The office will see the appointment of a director general alongside five directors. The Director General …
Read More »IMF proposes Rs 15 trillion new tax target for Pakistan
The International Monetary Fund (IMF) has proposed setting a tax target of over Rs 15 trillion in the federal budget for the new fiscal year 2025-26. Additionally, there is a possibility that Pakistan may receive new financial targets as part of its ongoing economic program. According to sources within the …
Read More »US Ambassador calls on FM
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting today with Ms. Natalie Baker, Charge d’Affaires and Acting US Ambassador to Pakistan, who called on the Minister at the Finance Division. The meeting focused on matters of mutual interest, including avenues for enhancing economic cooperation and increasing …
Read More »PCC holds maiden meeting
The inaugural meeting of the Pakistan Crypto Council (PCC) was held today under the chairmanship of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, said an official statement of the Finance Ministry. The meeting was attended by key figures, including the CEO of the PCC, Bilal Bin Saqib, the …
Read More »Minister briefs ambassadors on PMIF 2025
Pakistan’s Federal Minister for Energy (Petroleum Division), Ali Pervaiz Malik, on Friday briefed foreign ambassadors on the upcoming Pakistan Minerals Investment Forum 2025 (PMIF25) and invited delegates from their respective countries to explore Pakistan’s vast mineral resources and investment opportunities. He encouraged foreign countries to participate in this transformative dialogue …
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