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Minister holds separate meetings with OICCI and PSO in Karachi

Minister holds separate meetings with OICCI and PSO in Karachi

Federal Minister for Petroleum Ali Pervaiz Malik held separate meetings with the leadership of the Overseas Investors Chamber of Commerce…
$3.5bn Falcon Isles Refinery project clears key hurdle

$3.5bn Falcon Isles Refinery project clears key hurdle

ISLAMABAD: Pakistan’s proposed $3.5 billion Falcon Isles Refinery and Storage Complex has cleared a significant institutional hurdle, moving the major…
PM directs third-party audit of FBR reforms to ensure transparency

PM directs third-party audit of FBR reforms to ensure transparency

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to complete all ongoing reform measures within…
IMF mission to visit Pakistan next month for fourth EFF review

IMF mission to visit Pakistan next month for fourth EFF review

The International Monetary Fund (IMF) review mission is scheduled to visit Pakistan next month to conduct the fourth review of…
SBP remits Rs1.93tr profit to government

SBP remits Rs1.93tr profit to government

The State Bank of Pakistan (SBP) has transferred Rs1.932 trillion to the federal government as its profit for fiscal year…
Jazz calls for power upgrade as 5G rollout expands

Jazz calls for power upgrade as 5G rollout expands

Jazz has urged the government to strengthen the country’s power infrastructure as the telecom operator expands its 5G network, warning…
Govt plans single gas tariff after scrapping 12 slabs

Govt plans single gas tariff after scrapping 12 slabs

ISLAMABAD: The government has decided to abolish the existing 12-slab gas tariff structure and introduce a uniform gas tariff for…
10 bidders clear 1st hurdle in FESCO privatisation race

10 bidders clear 1st hurdle in FESCO privatisation race

ISLAMABAD: The privatisation of Faisalabad Electric Supply Company (FESCO) has moved into its next phase after the Privatisation Commission (PC)…
$6 billion refinery upgrade deal set to transform Pakistan’s fuel sector

$6 billion refinery upgrade deal set to transform Pakistan’s fuel sector

ISLAMABAD: Pakistan’s five major oil refineries are set to sign agreements under the government’s Brownfield Refinery Upgradation Policy early next…
Power shock looms as Rs36.5bn fuel burden nears

Power shock looms as Rs36.5bn fuel burden nears

ISLAMABAD: Electricity consumers across Pakistan may face a substantial increase in their September bills as the National Electric Power Regulatory…
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