Aftab Maken ISLAMABAD: The government on Friday announced a sharp increase in the prices of petroleum products, raising the ex-depot price of High Speed Diesel (HSD) by Rs 31.05 per litre and Motor Spirit (MS), commonly known as petrol, by Rs 5.44 per litre. According to a notification issued by …
Read More »FBR announces major IRS reshuffle, Over 50 senior officers transferred
BeNewz Report ISLAMABAD: The Federal Board of Revenue (FBR) has carried out a major reshuffle in the Inland Revenue Service (IRS), transferring and posting more than 50 senior officers from BS-19 to BS-22 in an effort to strengthen tax administration and improve operational efficiency across the country. According to a …
Read More »Inflation crisis deepens as weekly SPI surges 1.40%
–Food and Fuel Costs Hit Households Hard Aftab Maken ISLAMABAD: Pakistan’s inflationary pressures intensified further during the week ending July 16, 2026, as the Sensitive Price Indicator (SPI) rose by 1.40% over the previous week, signaling another sharp increase in the cost of living for millions of households. Data released …
Read More »Power circular debt hits Rs1.924 trn by May-end
BeNewz Report ISLAMABAD: Power sector circular debt climbed to Rs 1.924 trillion by May 31, 2026, significantly overshooting the government’s target and complicating its commitments under the International Monetary Fund (IMF) programme, according to official documents. The Power Division informed the Economic Coordination Committee (ECC) that despite improvements in recoveries, …
Read More »Pakistan seeks fresh LNG cargo for July delivery
Aftab Maken ISLAMABAD: Pakistan LNG Limited (PLL) has invited international suppliers to submit bids for the supply of one liquefied natural gas (LNG) cargo as the government moves to strengthen fuel supplies amid rising electricity demand and growing concerns over regional energy security. According to a tender issued on Tuesday, …
Read More »PMD warns of heavy rains, flash floods across Pakistan
Aftab Maken ISLAMABAD: The Meteorological Department (PMD) has issued a fresh weather advisory warning of heavy rainfall, flash floods, urban flooding, and landslides across several parts of the country from Sunday through Monday morning as an active monsoon system combines with a westerly weather disturbance. According to the PMD, strong …
Read More »Weekly inflation remains high despite SPI decline
–Pakistan’s weekly inflation eased slightly by 0.45%, but annual inflation climbed to 11.94% as food staples and energy prices continued to place heavy pressure on household budgets Aftab Maken ISLAMABAD: Pakistan’s inflationary pressures remained elevated despite a slight weekly decline in prices, with the latest Sensitive Price Indicator (SPI) showing …
Read More »PakPLL issues LNG import SOS amid Hormuz crisis
–Pakistan LNG Limited has launched an emergency spot LNG tender for one cargo after supply disruptions linked to tensions in the Strait of Hormuz threatened fuel availability during peak summer demand Aftab Maken ISLAMABAD: Pakistan LNG Limited (PLL) has issued an emergency tender to import a spot liquefied natural gas …
Read More »Load shedding to worsen in Punjab as SNGPL declares force majeure
—Power outages across Punjab are expected to intensify after Sui Northern Gas Pipelines Limited (SNGPL) declared force majeure on regasified liquefied natural gas (RLNG) supplies due to renewed tensions in the Strait of Hormuz, disrupting fuel deliveries for several key power plants Aftab Maken ISLAMABAD: Pakistan’s already strained electricity supply is …
Read More »Babar Azam returns as Pakistan test captain
—Pakistan have reappointed Babar Azam as Test captain for the upcoming tours of the West Indies and England, replacing Shan Masood after a disappointing run of team results Abdullah Zahid LAHORE: The Pakistan Cricket Board (PCB) has named Babar Azam as captain of the national Test team for the upcoming …
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