ISLAMABAD: Prime Minister Shehbaz Sharif announced a Rs4.4 cut in electricity tariffs per unit for the industrial sector on Friday, along with other measures aimed at easing costs for businesses and spurring exports amid efforts to sustain economic recovery.
Energy
Petrol prices seen falling as diesel set for sharp hike from Feb. 1
ISLAMABAD: The government is likely to cut the price of petrol from Feb. 1 but raise rates for high-speed diesel and other fuels, industry sources said on Thursday, as authorities prepare to announce the latest fortnightly adjustment amid fluctuating global oil markets.
Govt holds pump prices, taps oil windfall to boost revenue
ISLAMABAD: The government opted to hold fuel prices steady for the next two weeks, even as it hiked a key levy on gasoline and diesel, effectively pocketing gains from falling global oil prices rather than passing relief to consumers.
High costs push multinationals out, Aurangzeb urges firms to revamp business models
ISLAMABAD: Finance Minister Muhammad Aurangzeb acknowledged that high taxes and energy costs have driven some multinational companies to exit the country, but urged those firms to update their outdated business models to align with the modern economy.
Pakistan forms panel to resolve $32mln pipeline payment dispute with Trump-linked investor
ISLAMABAD: Pakistan’s economic overseers have moved to defuse a brewing dispute with foreign investors in a key oil pipeline, including one with ties to US President Donald Trump, forming a high-level committee to seek an out-of-court settlement and avert a potential hit to foreign capital inflows, Dawn newspaper reported on Wednesday.
Fuel prices seen falling for second straight fortnight on crude dip
KARACHI: Pakistan is set to slash fuel prices by as much as 2.2% starting Thursday, offering a measure of relief to consumers and the transport sector amid volatile global oil markets.
Pakistan bets on energy, tariff overhaul to double exports and avoid IMF return
ISLAMABAD: Pakistan is pushing for sweeping reforms to slash energy costs and revamp trade tariffs in a bid to more than double its exports to over $60 billion within three years, aiming to dodge another bailout from the International Monetary Fund once its current program winds down.
SOEs losses triple to Rs123 billion in FY25 on oil, power strains
ISLAMABAD: Pakistan’s state-owned enterprises racked up a net loss of Rs122.9 billion in the fiscal year through June 2025, more than tripling the previous year’s deficit, as plunging oil prices hammered revenues and power distributors bled cash, according to the Ministry of Finance.
Nepra cuts power tariff by 62 paise per kWh for first half of 2026
ISLAMABAD: The power regulator lowered the national average electricity tariff by 62 paise per kilowatt-hour for the next six months, providing some relief to consumers amid persistent energy cost pressures.
Cabinet blocks fuel margin increase until supply chain goes fully digital
ISLAMABAD: The federal cabinet has rejected a plan to boost profit margins for oil marketers and dealers, tying any increase to the full digitisation of the country’s fuel supply chain in a push to curb smuggling and revenue losses.