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Press Release

Web Desk Karachi
Apr 29, 2025

SNGPL declares highest-ever profit and dividend for FY 2023–24

The Board also approved the Annual Accounts for FY 2023–24, marking a historic achievement for the Company.

Business

Web Desk Karachi
Mar 13, 2025

Karachi industrialists urge Senate chairman to fast-track crucial subsidy release

In a letter addressed to Mandviwala, the Pakistan Hosiery Manufacturers Association (PHMA) stressed the financial difficulties faced by local industries, highlighting losses amounting to Rs150 billion ($532 million) due to insufficient support.

Business

Web Desk Karachi
Mar 12, 2025

Oil sector urges new petroleum minister to address key industry challenges

The Oil Companies Advisory Council (OCAC), an independent entity that represents refineries, Oil Marketing Companies (OMCs), and a pipeline company, has formally made this request in a letter addressed to the minister.

Pakistan

Web Desk
Mar 03, 2025

IMF delegation arrives in Pakistan for economic review

The IMF delegation in Pakistan will hold meetings with officials of Finance, Planning and Energy ministries, as well as FBR, OGRA and NEPRA.

Business

Web Desk Karachi
Dec 24, 2024

KUFPEC exits Pakistan, sells $60 million in assets to PEL

Many foreign E&P companies frustrated due to the extensive circular debt in the gas sector, which has escalated to Rs2,700 billion.

Pakistan

Web Desk
May 15, 2024

IMF assured: electricity tariff likely to be increased

Sources reveal that the minimum national average tariff will witness a notable increase from Rs29 to Rs36 per unit. This adjustment is expected to impact all categories of electricity consumers except lifeline custome

Business Pakistan

Web Desk
Mar 02, 2024

ADB cancels PKR 166.9 million grant for Pakistan’s gas storage system

The Asian Development Bank (ADB) has revoked a $6 million grant designated for the development of the gas storage system in Pakistan.

Latest Pakistan

Hum News
Jan 30, 2024

Caretaker PM calls for exploration of oil and gas in Pakistan

In his address, the caretaker PM stressed the need for collaborative efforts to explore oil and gas reserves within Pakistan despite the country’s abundant natural resources.

Pakistan

Web Desk
Dec 19, 2023

Finance, Energy Division lock horns over payment of Rs262 billion to power plants

The Ministry of Energy has forwarded a summary to the ECC, seeking the settlement of payables to GPPs at par with IPPs

Business

Web Desk
Dec 15, 2023

K-Electric set to sign crucial agreements with govt entities after ECC approval

In a significant development, the Economic Coordination Committee (ECC) of the Cabinet, during its Friday session, granted approval to pivotal agreements between K-Electric (KE) and government entities in Pakistan.