Author: Admin

Turkiye, Pakistan Set to Sign Multibillion-Dollar Energy and Mineral Deals This Week

Admin
Pak-Turk

ISLAMABAD: Pakistan and Turkiye are poised to elevate their strategic partnership as they prepare to sign multibillion-dollar agreements this week in the energy and mineral sectors, marking a major breakthrough in bilateral cooperation. A high-level Turkish delegation, led by Minister of Energy and Natural Resources Alparslan Bayraktar, will arrive in Islamabad on Tuesday to formalise partnerships in offshore exploration and mineral development. According to official sources, Turkish Petroleum Overseas Company (TPOC) and Pakistani exploration firms will sign a commercial agreement for the Eastern Offshore Block-C—an initiative recently cleared by the…

Read More

Oil Sales Slide 10pc in November Amid Weak Demand

Admin
New-OCAC

KARACHI: Pakistan’s total oil sales fell sharply by 10 per cent year-on-year and 5pc month-on-month to 1.418 million tonnes in November, according to data shared by AKD Securities, citing the Oil Companies Advisory Council (OCAC). Despite the monthly decline, cumulative oil sales in the first five months of FY26 edged up by 1pc, reaching 6.808 million tonnes compared to 6.753m tonnes in the same period last year. High-speed diesel (HSD) sales remained weak at 683,000 tonnes in November — down 13pc YoY and 4pc MoM — despite the kharif harvest…

Read More

LPG Prices Hiked by Nearly 4pc for December

Admin
OGRA-GAS

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Monday announced a 3.7 per cent increase in the price of Liquefied Petroleum Gas (LPG), raising the cost of an 11.8kg domestic cylinder by Rs87.21 for December to reflect higher international market rates. According to the notification, the maximum sale price of LPG has been set at Rs209 per kg for December, up from Rs201.6 per kg in November — an increase of Rs7.4 per kg. However, retail prices remain significantly higher, with LPG selling for Rs300–315 per kg in various…

Read More

IMF Governance Report Key to Institutional Reforms, Senate Told

Admin
New-IMF

ISLAMABAD: Finance Minister Muhammad Aurangzeb informed the Senate on Monday that the IMF’s Governance and Corruption Diagnostic Assessment (GCDA) report is an important milestone toward long-overdue institutional reforms. He emphasised that the government itself initiated and supported the entire assessment process. Closing the debate on a motion moved by JUI-F Senator Kamran Murtaza, the minister said the report examines seven key areas — including judicial oversight and corruption — and identifies structural gaps that must be addressed. He termed the findings “a positive development” and noted that the IMF has…

Read More

Pakistan Surpasses China and India in Solar Energy Adoption

Admin
solar energy

ISLAMABAD: Pakistan has emerged as a regional leader in solar energy, surpassing major economies such as China and India, according to the latest data from the National Electric Power Regulatory Authority (NEPRA). Solar energy production through net metering has now exceeded 174 gigawatts, reflecting rapid and unprecedented adoption across the country. Rising electricity tariffs, frequent load-shedding, and growing energy demand in industrial and residential sectors have driven the shift toward solar power. The adoption is no longer limited to households, with large-scale commercial and industrial installations becoming a significant component…

Read More