Author: Admin

PM tells provincial govts to take strict action against those hoarding petroleum products

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Pakistan Petroleum Ltd makes third discovery in Sujawal

Prime Minister Shehbaz Sharif on Friday presided over a high-level meeting on petroleum products, directing provincial governments to take strict legal action against those hoarding the commodities.According to a handout by the Prime Minister’s Office (PMO), the Ministry of Petroleum gave a detailed briefing about stocks of petroleum products in the country, in the context of the changing situation in the region.According to the briefing, sufficient reserves of petroleum products are available in the country to meet national needs, the statement said.It added that PM Shehbaz directed provincial governments to…

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Pakistan Invites Turkish Investors to Participate in Power Distribution Privatization

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Power Distribution Privatization

Islamabad: March 6, 2026 Federal Minister for Energy (Power Division), Sardar Awais Ahmed Khan Leghari, held a virtual meeting with Türkiye’s Minister for Energy and Natural Resources, Alparslan Bayraktar. Both the ministers discussed ways to further strengthen bilateral cooperation in the energy sector. The discussion particularly focused on Pakistan’s ongoing power sector reforms and the privatization of electricity distribution companies (DISCOs). Federal Minister Awais Ahmed Khan Leghari briefed his Turkish counterpart on the comprehensive reforms being implemented in Pakistan’s power sector, aimed at enhancing operational efficiency, strengthening institutional governance, and…

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Pakistan Expresses Concern Over Canada–India Uranium Supply Agreement

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New-Project11

ISLAMABAD: Pakistan has expressed concern over a long-term uranium supply agreement between Canada and India, as well as their potential cooperation on small modular reactors and advanced nuclear reactor technologies.Responding to media queries on Thursday, Tahir Andrabi, spokesperson for the Ministry of Foreign Affairs Pakistan, said the arrangement represents another country-specific exception in civil nuclear cooperation.He noted that the development is particularly ironic in light of India’s 1974 nuclear test, which was conducted using plutonium produced in a reactor originally supplied by Canada for peaceful purposes. According to the spokesperson,…

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Petroleum Minister Seeks Data on Captive Consumers Shifted to Grid

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New-Project10

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik has requested detailed data from Power Minister Sardar Awais Ahmad Khan Leghari regarding captive power consumers who have shifted from gas-based generation to the national electricity grid.Sources in the Petroleum Division of Pakistan told Business Recorder that the data is required to prepare recommendations for the International Monetary Fund (IMF) concerning the captive power levy imposed on industrial gas consumers.According to officials, the Petroleum Division’s team had earlier requested power uptake data for captive power plants (CPPs) that were encouraged to move…

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Senate Panel Questions Expertise of PSO Board Members, Reviews Legal Framework of POL Companies

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New-Project9

ISLAMABAD: A parliamentary sub-committee on Thursday reviewed the legal and regulatory framework governing the boards of petroleum sector companies and raised concerns over the expertise of certain members serving on the board of Pakistan State Oil (PSO).The meeting of the sub-committee of the Senate Standing Committee on Petroleum was held at Parliament House under the convenorship of Senator Manzoor Ahmed Kakar. It was attended by Senator Rana Mehmood-ul-Hassan and Senator Amir Waliuddin Chishti, who joined the session virtually.The committee reviewed the legal framework governing the appointment of boards of directors…

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