The Pakistani government has asked its refineries to provide feedback on importing attractively-priced Russian crude in an effort to soften the blow from a ballooning import bill, joining a list Continue Reading
Pakistan’s headline inflation accelerated in June amid higher food and fuel costs even as the nation closes in on a International Monetary Fund bailout. Consumer prices rose 21.32% last month Continue Reading
Pakistan is facing an escalation of its power crisis after it failed to agree a deal for natural gas supply next month. State-owned Pakistan LNG Ltd. scrapped a purchase tender Continue Reading
Highlights Govt imposes restrictions on power, energy consumption Hydroelectric shortages, record temperatures exacerbate crisis Gas-based power utilities cut operations on fuel shortage The Pakistan government is pushing to curb electricity Continue Reading
Europe’s campaign to quit Russian fuel is designed to punish Moscow for its invasion of Ukraine . It’s also wreaking havoc thousands of miles away from the conflict, plunging Pakistan Continue Reading
Pakistan will reduce its official work week to five days from six in a bid to reduce energy and fuel consumption as part of an energy conservation plan approved by Continue Reading
Pakistan’s foreign exchange reserves fell below $10 billion, threatening to spillover into a fullblown economic crisis unless policy makers secure a loan from the International Monetary Fund. The stockpile decreased Continue Reading
Pakistan aims to sign a long-term liquefied natural gas purchase deal in a bid to secure future supply and ease crippling blackouts. The South Asian nation intends to float a Continue Reading
Pakistan ’s headline inflation quickened to the highest level in more than two years in May on rising food and fuel prices amid a weakening currency. Consumer prices rose 13.8% Continue Reading
High global coal prices dampen imports Cement, steel plants face acute shortage Power shortage seen in several regions Several non-power sectors in Pakistan, including cement and steel plants, are either Continue Reading
