Author: Admin

Regional Comparison of Petroleum Prices After Recent Increase

Admin

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) expresses serious concern over the sharp increase of Rs. 55 per litre in petrol and diesel prices. This sudden hike has pushed Pakistan’s fuel prices significantly higher than most countries in the region, placing additional pressure on businesses, industries, transporters, farmers, and the general public. Regional Petrol Price ComparisonCountryPrice in Local CurrencyPrice in USD (Approx.)Pakistan PKR 321.17 $1.15India INR 94.77 $1.03SriLanka LKR 293.00 $0.94Bangladesh BDT 116.00 $0.95 Economic ConcernsAfter this increase, Pakistan now has the highest petrol prices among key…

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Government of Sindh Announces Electric Vehicle Charging Network Project

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New-Project16

Karachi, Dated: March 07,2026 A significant step towards strengthening a sustainable transport system, Says Syed Nasir Hussain ShahKarachi: The Government of Sindh has approved an important public-private partnership project to establish an electric vehicle (EV) charging network across the province, aimed at promoting green energy and sustainable transport. The project has been developed in collaboration with China’s ADM Group and Malik Group of Companies, with the goal of introducing advanced fast-charging infrastructure to support Pakistan’s rapidly growing electric mobility ecosystem. Under the approved project, the Government of Sindh will provide…

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Khyber Pakhtunkhwa Accelerates Household Solarisation Programme

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New-Project15

Peshawar: The Chief Minister of Khyber Pakhtunkhwa, Muhammad Sohail Afridi, has directed authorities to expedite the rollout of solar systems under the province’s household solarisation initiative, stressing that all procedural formalities must be completed without delay. Chairing a high-level review meeting at the Chief Minister’s House in Peshawar on Friday, the chief minister described the project as a flagship programme aimed at providing relief to citizens amid rising energy challenges and increasing electricity costs. Afridi emphasised that the timely implementation of people-centric initiatives remains a key priority of the provincial…

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Pakistan Invites Turkish Investors to Participate in DISCOs Privatisation

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New-Project14

Islamabad: Pakistan has invited Turkish companies to participate in the privatisation of its electricity distribution companies (DISCOs) as part of ongoing reforms aimed at improving efficiency and sustainability in the power sector. The invitation was extended during a virtual meeting between Federal Minister for Energy (Power Division) Awais Ahmed Khan Leghari and Türkiye’s Minister for Energy and Natural Resources Alparslan Bayraktar, where both sides discussed opportunities to strengthen bilateral cooperation in the energy sector. During the meeting, Leghari briefed his Turkish counterpart on Pakistan’s comprehensive power sector reforms designed to…

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US Crude Surges Above $90 Amid Hormuz Disruption and Escalating Middle East Conflict

Admin
New-oil

Global oil prices surged sharply on Friday, with West Texas Intermediate crude (WTI) jumping more than 10 percent to trade near $90 per barrel for the first time since April 2024, as escalating tensions in the Middle East disrupted energy shipments through the critical Strait of Hormuz. At around 10:37 a.m. CST (1637 GMT), Brent crude futures were up $5.42, or 6.35 percent, to $90.83 per barrel, while WTI gained $7.81, or 9.81 percent, reaching $88.96 per barrel. It marked the second consecutive day that gains in US crude futures…

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