Green Economy: Urgent Necessity and Opportunity for Pakistan
Pakistan faces up to 9% GDP loss by 2050 due to climate change, but green sectors like agriculture and renewable energy can create jobs and resilience if inclusive policies are adopted.
Pakistan faces up to 9% GDP loss by 2050 due to climate change, but green sectors like agriculture and renewable energy can create jobs and resilience if inclusive policies are adopted.
Pakistan Goods Transport Alliance President Malik Shehzad Awan thanked the government for reducing petrol prices, benefiting transporters and the public. He called for further reductions and relief from taxes.
The Privatisation Commission Board approved a restructuring plan for FESCO, part of the first phase of DISCOs privatisation, and declared KPMG-led consortium as financial adviser for HBFC.
Prime Minister Shehbaz Sharif announced a Rs74 cut in petrol prices and Rs67 in diesel, passing on benefits of declining global oil prices to consumers.
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RecommendedThe US-Iran conflict exposes Pakistan's vulnerability to imported fuel reliance. Accelerating Thar coal use across sectors is critical for energy security and economic resilience, reducing exposure to global crises.
Oil prices fell on Friday after tankers moved through the reopened Strait of Hormuz following a US-Iran peace deal, raising hopes of increased supply and releasing stranded oil.
Several World Bank-funded road projects in Shangla face delays and substandard construction allegations, causing transport disruptions and economic hardship for residents.
Federal Minister Ali Pervaiz Malik announces that Prime Minister Shehbaz Sharif has directed the benefit of declining international oil prices to be passed on to the public. A committee will formulate a transparent weekly pricing mechanism.
As Middle East peace efforts lower global oil prices, Pakistan must pass on relief to consumers transparently and secure long-term energy deals.
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RecommendedPrime Minister Shehbaz Sharif is expected to announce a reduction in petroleum product prices today, following a decline in international oil rates amid easing Iran-US tensions.
Oil prices fell more than $2 per barrel after the US and Iran signed an interim agreement to end the Iran war, reopen the Strait of Hormuz, and waive sanctions, boosting oil supply expectations.
Pakistan's power generation fell 1% YoY in May 2026, while fuel costs surged 17%. CPPA-G seeks NEPRA approval for Rs0.8173/unit tariff hike to recover higher fuel expenses.
Pakistan's power distribution companies (DISCOs) have rolled out a redesigned, simplified electricity bill format to ease consumer understanding, with several companies already implementing the new design.
Balochistan presents Rs1,089.26 billion surplus budget with 7% salary hike, 5,000 new jobs, healthcare boost, and digital reforms for fiscal year 2026-27.
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RecommendedA World Bank mission visited Sukkur Barrage Rehabilitation Project to assess progress, inspect sites, and discuss technical and administrative issues with stakeholders.
Pakistan failed to meet oil and gas production targets for FY 2025-26, with crude oil at 95% and natural gas below target. LPG and coal exceeded expectations. LNG imports fell due to Middle East conflict.
Oil prices climbed more than 1% as Trump said the ceasefire with Iran is not final, but excess supply concerns limited gains. Brent rose to $79.85, WTI to $76.96.
Sindh's FY2026-27 budget allocates Rs3.67 billion for solar home systems, supports waste-to-energy projects, and invests in Thar Coal rail connectivity, balancing fiscal constraints with green energy goals.
Pakistan's power distribution companies introduce a redesigned, consumer-friendly electricity bill format with simplified layout, clear billing details, and QR codes for digital access.
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RecommendedPakistan introduces redesigned electricity bills with clearer layout, QR codes, and warnings about cyber fraud to enhance transparency and user experience.
The UAE is working to eliminate reliance on the Strait of Hormuz by expanding eastern ports and building new infrastructure, aiming to reduce geopolitical risks in the Gulf.
Pakistan's power distribution companies introduce a redesigned electricity bill format focusing on simplicity, transparency, and improved customer experience.
Oil prices dipped on Wednesday as investors assessed the US-Iran peace deal, but uncertainty over full resumption of shipping through the Strait of Hormuz limited further falls.
NGC fully restores power to Hyderabad after fire at 220kV Grid Station. Fire isolated safely, alternate arrangements made. Investigation underway.
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RecommendedPakistan allocates over Rs14.2 billion in PSDP 2026-27 for Gwadar projects, focusing on connectivity, airport, port, and civic infrastructure.
Prime Minister Shehbaz Sharif ordered authorities to expedite the 100MW solar power project in Gilgit-Baltistan, with full federal funding and third-party validation for transparency.
PM Shehbaz Sharif announced federal funding for a 100MW solar project in Gilgit-Baltistan, emphasizing timely completion and transparency. He also reaffirmed Pakistan's commitment to combating desertification and drought.
Punjab government proposes Rs752 billion ADP for FY2026-27, down from Rs1.24 trillion, focusing on completing ongoing projects with 3,560 schemes, including major health and education initiatives.
Oil prices fell about 5% to a three-month low on Tuesday as traders anticipated a potential US-Iran agreement that could allow oil flow through the Strait of Hormuz.
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RecommendedShip traffic in the Strait of Hormuz will increase gradually after the US-Iran peace deal, but pre-war levels may take months due to mine threats and uncertainties.