Author: Admin

FPCCI Trade Delegation in Oman on a Landmark Visit

Admin
New-Project7

Karachi: Oman – Pakistan Business Forum has been successfully organized at Oman Chamber of Commerce & Industry (OCCI) during FPCCI trade delegation’s visit to the brotherly country – which is being led by Mr. Saquib Fayyaz Magoon, SVP FPCCI. Engr. Hamoud Bin Salem Al-Saadi, Acting Chairman of OCCI, warmly welcomed the delegates. The forum was attended by H.E. Syed Naveed Bokhari, Ambassador of Pakistan in Oman; Mr. Aman Paracha, VP FPCCI; Sheikh Nadeem Mehboob Magoon, Chairman of FPCCI’s Pakistan – Oman Business Council; Senior FPCCI members; Omani businessmen and prominent…

Read More

Solar Power Poised to Reshape Pakistan’s Energy Landscape: Saifur Rehman

Admin
Solar-wind

LAHORE: Federal Tax Ombudsman (FTO) Coordinator Saifur Rehman has said that the rising demand for affordable electricity and the high cost of imported fossil fuels are making renewable energy an increasingly viable and sustainable option for Pakistan. Speaking to a delegation of industrialists led by Zia Ur Rehman, he identified solar energy as the most promising alternative, pointing to Pakistan’s year-round abundance of sunlight as a natural advantage that could reduce reliance on expensive thermal generation. He noted that supportive government measures—such as net metering, tax exemptions on solar equipment,…

Read More

OCAC Calls on Oil Industry to Safeguard Fuel Supply Amid Flood Threat

Admin
New-OCAC

KARACHI: The Oil Companies Advisory Council (OCAC) has urged refineries and oil marketing companies (OMCs) to take precautionary measures to ensure uninterrupted fuel supply and safe operations as Pakistan braces for severe flooding. In a meeting held on September 1 with industry stakeholders, including refineries and OMCs, the council reviewed the evolving flood situation in Punjab and its likely movement toward Sindh, warning of a potential “super flood.” To mitigate risks, the OCAC advised member companies to maximise product upliftment from refineries and pipelines, maintain depot and terminal stocks at…

Read More

Oil Sales Up 5% in First Two Months of FY26 on Price Cuts, Curb in Smuggling

Admin
Petrol-oil

KARACHI: Pakistan’s oil sales rose 5 percent year-on-year (YoY) to 2.5 million tonnes in the first two months of FY26, compared with 2.4 million tonnes in the same period last year, driven by easing petroleum prices, improved automobile sales, and reduced smuggling from Iran. In August alone, sales increased 7 percent YoY and 6 percent month-on-month (MoM) to 1.3 million tonnes. Excluding furnace oil (FO), sales for the month stood at 1.28 million tonnes, up 11 percent YoY and 6 percent MoM, while July–August ex-FO volumes rose 10 percent YoY…

Read More

Dr. Kazim Niaz Appointed Pakistan’s Executive Director at World Bank

Admin
world-bank

ISLAMABAD: Dr. Kazim Niaz, Federal Secretary for Economic Affairs, has been appointed as Pakistan’s Executive Director (ED) at the World Bank in Washington, reliable sources confirmed on Tuesday. The position had remained vacant since the resignation of Dr. Syed Tauqir Hussain Shah earlier this year. Dr. Shah, who had been appointed in November 2023 for a four-year term, stepped down at the request of Prime Minister Shehbaz Sharif to rejoin the government as Principal Secretary to the Prime Minister. He later resigned from that role as well and now serves…

Read More