Author: Admin

ISLAMABAD: The federal government is planning to increase the petroleum levy to as high as Rs85 per litre to generate additional resources for settling Rs1.7 trillion worth of gas sector circular debt, government sources said. The proposal, discussed this week at the level of Finance Minister Muhammad Aurangzeb, includes imposing an additional Rs5 per litre levy on petrol and high-speed diesel, raising around Rs540 billion between 2027 and 2032. The plan also envisages utilising dividends from state-owned oil and gas companies and savings from the diversion of imported LNG cargoes.…

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Bonn, 13 December 2025 (WWEA) – A decade ago, at the UN Climate Change Conference in Paris, governments from around the world made a historic commitment to confront climate change. The outcome was the Paris Agreement, a landmark accord that set the global course toward effective climate action. In the years since, many countries have strengthened their ambitions and policies to address the climate crisis. Renewable energy was already expanding before Paris, but the Agreement provided critical momentum. Today, the majority of global energy-related investment is flowing into renewable technologies.…

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KARACHI: The Pakistan Stock Exchange (PSX) has unveiled its prestigious Top 25 Companies Awards for 2024, celebrating corporate leaders that demonstrated exceptional financial performance, governance standards, sustainability practices and investor protection during a tough economic year. PSX Managing Director and CEO Farrukh H. Sabzwari commended the award-winning companies for showcasing resilience, strategic vision and strong investor confidence despite economic headwinds. Established in 1978, the awards continue to serve as a benchmark for corporate excellence in Pakistan. The 2024 honours list spans major sectors including industry, banking, insurance, technology and consumer…

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