IMF Warns Global Debt Could Soar to 123% of GDP by 2030, Nearing WWII Levels
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October 16, 2025
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ISLAMABAD: In a welcome move for consumers, the federal government has announced a significant reduction in the prices of petroleum products by up to Rs5.66 per litre for the next
ISLAMABAD: Mari Energies Limited is set to produce around 25,000 barrels per day (bpd) of oil from its three discoveries in Abu Dhabi, as the company moves ahead with the
ISLAMABAD: In a landmark reform, the federal government has announced plans to open Pakistan’s electricity market from January 2026, giving consumers the freedom to choose their own power supplier —
MOSCOW: OPEC Secretary General Haitham Al Ghais emphasized the urgent need for increased investment in the oil and gas industry, asserting that oil will continue to play a major role
ISLAMABAD: In a major move aimed at improving operational efficiency and reducing long-term financial liabilities, the Power Division has permitted all Distribution Companies (Discos) to outsource manpower to third parties
WASHINGTON: Global public debt is on track to exceed 100% of global GDP by 2029, reaching its highest level since 1948, the International Monetary Fund (IMF) warned on Wednesday, urging
ISLAMABAD: In a welcome move for consumers, the federal government has announced a significant reduction in the prices of petroleum products by up to Rs5.66 per litre for the next
ISLAMABAD: Mari Energies Limited is set to produce around 25,000 barrels per day (bpd) of oil from its three discoveries in Abu Dhabi, as the company moves ahead with the
ISLAMABAD: In a landmark reform, the federal government has announced plans to open Pakistan’s electricity market from January 2026, giving consumers the freedom to choose their own power supplier —
ISLAMABAD: The government has launched an inquiry against Petroleum Division officials over contradictory statements made to the Prime Minister’s Office (PMO) and the division itself regarding outstanding dues owed by
KARACHI: Sindh Chief Minister Syed Murad Ali Shah, presiding over the 48th PPP Policy Board meeting, approved the development of a Model Aquaculture Park along the coastal belt, as well
KARACHI: The Petroleum Division has established a high-level committee to appoint an Executive Director-General (EDG) in a bid to enhance governance and efficiency within Pakistan’s oil and gas sector. The
ISLAMABAD: In a welcome development for inflation-hit consumers, petrol prices in Pakistan are expected to fall by up to Rs6.10 per litre starting October 16, according to petroleum sector sources.
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has officially registered the Central Power Purchasing Agency–Guaranteed (CPPA-G) as the authorized agent for distribution companies (Discos) and K-Electric, a move that
Beijing, October 15, 2025 – The Chinese Foreign Ministry has dismissed recent media reports alleging that Pakistan used Chinese technology to export rare-earth elements to the United States, calling them
Karachi Sindh Chief Minister Syed Murad Ali Shah chaired a high-level meeting at the Chief Minister’s House to review proposals for the upcoming Annual Development Programme (ADP) as part of
Munich, Germany – 9 May 2025 – Marking two decades of innovation, Solis energized Intersolar Europe 2025 with groundbreaking hybrid energy solutions and intelligent management systems designed to power the
Karachi, May 12, 2025 — In a strong gesture of national solidarity, the Saylani Welfare International Trust has announced a monetary reward of Rs. 2.5 million for each Pakistani Air
KARACHI – Sindh Minister for Energy, Development, and Planning, Syed Nasir Hussain Shah, visited the Institute of Holistic Rehabilitation and Innovation (IHRI) in Karachi on Saturday, where he announced a
KARACHI – In a significant step toward sustainable industrial operations, International Steels Limited (ISL), a subsidiary of International Industries Limited, has successfully commissioned a 6.4-megawatt (MW) solar power plant at
ISLAMABAD – The Executive Learning Centre (ELC) of the Petroleum Institute of Pakistan (PIP) has emerged as a pivotal force in strengthening capacity building across Pakistan’s oil and gas industry.
WASHINGTON: As Pakistan and India stepped back from the brink of escalation, the longstanding Kashmir dispute has once again come into focus, following a ceasefire facilitated by the United States.
ISLAMABAD: Pakistan’s armed forces have announced the successful completion of Operation Bunyanum Marsoos, stating that 26 high-value Indian targets were struck in response to India’s airspace violations and missile attacks
ISLAMABAD: A member of the National Electric Power Regulatory Authority (Nepra) has raised alarm over deep-rooted inefficiencies in Pakistan’s power sector, highlighting Rs69 billion in capacity payments made to underutilised
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