OPEC+ poised to approve another oil output hike for June amid weak price environment
Supply increases come as Saudi Arabia signals unwillingness to extend deeper cuts; Brent falls to $61.29 per barrel
FBR seals clothing brand’s outlets over Rs100 million tax evasion, suspects money laundering
Sowears’ operations under investigation for undeclared international business and illegal transactions
Nepra transfers transmission licence from NTDC to new Independent System and Market Operator
Move represents a pivotal step towards establishing a competitive private power market in the country
NEPRA defers final decision on FCA and quarterly adjustment relief
Quarterly and monthly relief proposals under review amid summer price hike warnings
Power sector circular debt rises to Rs2.396 trillion
Overall circular debt down by Rs398 billion from last year
Fuel prices to remain stable for next fortnight, minor adjustments expected
Government holds back minor price changes as global oil prices remain under pressure
World Bank likely to extend CASA-1000 deadline to 2028: report
Project delays in Afghanistan prompt Pakistan to seek 3-year extension
Cement exports from the south region finally ramp up again
The bank’s annual financial results showed growth amidst a tough macroeconomic environment, and ambitious expansion plans
Power sector subsidy in FY2025-26 to rely on available fiscal space: Finance MinistryÂ
Finance Ministry insists on utilizing allocated funds for power sector liquidity needs, urges verification of subsidy claims before further releases
Pakistan Tobacco Company appoints new chairman, CEO, and CFO
New leadership appointed for three-year term amid evolving regulatory landscape
Power Division tasked with completing privatisation of three DISCOs by Q2 of FY2025-26
Standing Committee on Privatisation sets deadline for Power Division to finalise terms for privatization of Hesco, Pesco, and Fesco by September or October 2025; privatisation process to begin by end of May
Kuwait Foreign Petroleum Exploration Company to participate in Pakistan’s offshore bidding round
Minister for Petroleum Ali Pervaiz Malik meets Kufpec’s Ali Taha Al-Temimi to discuss collaboration and offshore bidding participation
Pakistan diverts fifth LNG cargo to international market amidst domestic energy concerns
PLL redirected four LNG cargoes scheduled for February to May 2025 under a long-term agreement with ENI
CPPA-G receives Rs 148.75 billion from SBP for Tariff Differential Subsidies
Fund disbursement to cover tariff differential subsidies for FY 2024-25, including payments to government and private power plants
Pakistan’s cement exports surge 28.19% in FY 2024–25, bolstered by global demand
Exports climb to $230 million, marking significant growth in both value and volume