Author: Admin

Gas Utilities Seek Tariff Hike to Cover Revenue Shortfalls and RLNG Costs

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New-Project84

ISLAMABAD: Pakistan’s two major gas utilities — Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) — have sought significant increases in their prescribed gas prices, citing mounting revenue shortfalls and additional costs associated with imported RLNG diversion. SNGPL has proposed a 10.7 per cent hike, equivalent to Rs189 per million British thermal unit (mmBtu), raising the prescribed price from Rs1,766.50 to Rs1,955.50 per mmBtu for the current fiscal year. The Lahore-based utility reported a Rs53 billion revenue shortfall, alongside an Rs582 million subsidy for LPG…

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Only 7% of water is provided for drinking, industries, and other purposes in Pakistan: International Conference told

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Pakistan: International Conference

KARACHI: Over 93% of water is used for agricultural purposes in Pakistan while about 7% is used for drinking, industries, and other purposes. There is a dire need to improve water management and reduce water wastage. This was the crux of the 7th Karachi International Water Conference organized by Hisaar Foundation entitled as Water, People and Health at Karachi School of Business and Leadership on Tuesday. The conference was attended by national and international water, health, and environment experts. Speaking at the conference, Simi Kamal, Chairperson of the Hisaar Foundation,…

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Pakistan Moves to Cut Energy and Interest Costs to Spur Industrial Growth

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New-Project83

ISLAMABAD: Pakistan is implementing a comprehensive set of reforms to reduce the cost of doing business and revive industrial growth, according to Khurram Schehzad, Advisor to the Finance Minister. In a post on X (formerly Twitter), Schehzad highlighted that the government has already achieved significant progress in lowering energy and financial costs, while taxation and regulatory reforms are also underway to create a more business-friendly environment. He noted that energy tariffs for industrial and agricultural consumers have been reduced from Rs 38 to Rs 23 per unit on additional consumption…

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Zardari Invites Polish Investors to Explore Joint Ventures in Pakistan’s SEZ

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New-Project82

ISLAMABAD: President Asif Ali Zardari has invited Polish businesses to explore joint ventures and investment opportunities in Pakistan’s special economic zones (SEZs), emphasizing the country’s commitment to expanding bilateral trade and cooperation with Poland. He extended the invitation during a meeting with Deputy Prime Minister and Minister of Foreign Affairs of Poland, Radoslaw Sikorski, who called on him at the Aiwan-e-Sadr on Friday. President Zardari said Pakistan deeply values its long-standing relationship with Poland, built on mutual respect, trust, and cooperation. He underlined Pakistan’s desire to strengthen political, economic, and…

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Saudi Arabia Extends $1 Billion Oil Facility and Rolls Over $5 Billion Deposits to Support Pakistan

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Pak-Saudi

ISLAMABAD: In a major boost to Pakistan’s economic stability, Saudi Arabia has pledged a $1 billion oil financing facility for the fiscal year 2025–26, along with the rollover of $5 billion in deposits currently held with the State Bank of Pakistan (SBP), officials from the Ministry of Finance confirmed on Monday. According to ministry sources, the $1 billion oil facility will help Pakistan meet its energy import requirements while easing pressure on foreign exchange reserves. The Kingdom will also roll over $2 billion due in December and $3 billion in…

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