Pakistan is speeding up the long-delayed $6 billion refinery upgrade plan after the Gulf War exposed the country’s heavy dependence… Read More
FBR to Collect Climate and Petroleum Levies for Petroleum Ministry
The Federal Board of Revenue (FBR) will now collect the Climate Support Levy (CSL) and Petroleum Development Levy (PDL) on… Read More
Pakistan Issues Fresh Tender For 2 LNG Cargoes
Pakistan LNG Limited has issued a fresh tender seeking two liquefied natural gas cargoes from international suppliers for delivery later… Read More
Govt Approves New Subsidy Plan Under EV Policy
The federal government has approved the second phase of the Pakistan Accelerated Vehicle Electrification (PAVE) Program under the New Energy… Read More
Govt Approves New Power Package to End Uneven Electricity Charges Nationwide
The federal government has approved a big power sector reform package to eliminate regional disparities in electricity transmission and system-related… Read More
UAE Exits Its Last Oil Membership After Internal Disputes With Regional Partners
The United Arab Emirates (UAE) on Monday formally withdrew from the Organization of Arab Petroleum Exporting Countries (OAPEC), just days… Read More
Oil Jumps Near $120 per Barrel After Mysterious Drone Attack on UAE Plant
Global oil markets reacted sharply after reports emerged that an Iranian drone strike targeted a petroleum facility in the United… Read More
Pakistani Refineries Benefit as Iran Smuggled Fuel Supply Shrinks in 10 Months
Pakistan’s refinery sector posted strong growth in April 2026, as tighter controls on smuggled Iranian fuel and disruptions in natural… Read More
DIB Pakistan Partners with Beyond Green Solar Solutions to Launch Shariah-Compliant Solar Financing Solutions
DIB Pakistan (DIB) has entered into a strategic alliance with Beyond Green Solar Solutions to offer innovative, Shariah-compliant solar financing… Read More
Fuel Sales At Pumps Fall in April After Record Increase in Petrol, Diesel Prices
Pakistan fuel sales reached 1.36 million tons in April 2026, down 7 percent year-on-year (YoY) and 6 percent month-on-month (MoM).… Read More
PM Shehbaz Wishes to Make Electricity Cheaper and End Power Theft
Prime Minister Shehbaz Sharif on Saturday directed the Power Division to prepare a strategy for stabilizing electricity tariffs and easing… Read More
Latest Chinese Battery is 80x Cheaper Than Lithium And Lasts Almost 2 Decades
Chinese scientists have developed a new generation of low-cost energy storage technology using iron-based chemistry that could significantly reshape large-scale… Read More
