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NEPRA Scraps Licensing for Small Solar Systems Under 25 kW
Breaking News, Pakistan

NEPRA Scraps Licensing for Small Solar Systems Under 25 kW

In a significant move to facilitate renewable energy adoption, the National Electric Power Regulatory Authority (NEPRA) has officially abolished the licensing requirement for solar power systems with a capacity of up to 25 kilowatts (kW). Read More: https://theboardroompk.com/alleged-fake-claims-oil-marketing-companies-accused-of-extracting-billions-from-govt/ This decision aims to simplify the process for residential and small commercial consumers who utilize net metering to offset their electricity bills. The policy change follows a formal request from the Power Division, acting on the special directives of Federal Minister for Energy, Sardar Awais Ahmad Khan Leghari. Previously, even small-scale solar installers had to navigate bureaucratic hurdles to obtain a license, which often acted as a deterrent for many households looking to switch to green energy. Simplifying the Net Metering Process The removal of the licensing condition is expected to drastically reduce the processing time for net metering applications. By cutting through the red tape, the government hopes to encourage more citizens to invest in solar technology, which helps reduce the burden on the national grid and lowers individual electricity costs. Focus on Clean Energy Goals This initiative is part of a broader government strategy to increase the share of renewable energy in Pakistan’s total energy mix. By making it easier for small-scale users to connect to the grid, the authorities aim to promote environmental sustainability while providing financial relief to the public amid rising energy prices.

Alleged Fake Claims: Oil Marketing Companies Accused of Extracting Billions from Govt
Politics

Alleged Fake Claims: Oil Marketing Companies Accused of Extracting Billions from Govt

Alleged fake claims by oil marketing companies have sparked major concerns in the Senate Standing Committee on Cabinet Secretariat. Read More: https://theboardroompk.com/glaxo-posts-23-profit-surge-in-q1-2026-on-strong-margins-and-lower-finance-costs/ The committee, chaired by Rana Mahmood ul Hassan, was informed about serious irregularities in claims submitted by several OMCs. Senate Hearing on Oil Fraud OGRA Chairman revealed that certain companies demanded billions of rupees from the government despite having no oil stock at all. This disclosure raised alarms about potential misuse of public funds in the energy sector. Massive Financial Exposure The Secretary of the Establishment Division told the panel that the government still owes oil marketing companies between 50 and 55 billion rupees for the past three weeks. Committee members expressed grave concern over the lack of proper verification in processing these claims. Reports indicate a potential exposure of up to Rs125 billion, with nearly 40% of payments already disbursed in some cases. Lawmakers demanded immediate accountability to protect taxpayer money.OGRA has decided to hire an independent auditor to verify price differential claims (PDCs) submitted by the companies. This audit aims to identify false or inflated submissions that may have burdened the national exchequer. Senator Aimal Wali Khan also highlighted the ongoing gas shortage issue in Khyber Pakhtunkhwa during the meeting. The committee directed OGRA to submit a detailed report on gas load-shedding in KP within three days. Experts believe such alleged fake claims undermine trust in the regulatory framework governing the oil industry. Strict legal action against companies found guilty of submitting misleading information has been strongly recommended. The scandal highlights weaknesses in monitoring mechanisms for subsidy-related and price differential payments. Transparency and robust oversight are now being emphasized to prevent recurrence of such incidents. This development comes at a time when the energy sector already faces multiple challenges including supply chain issues and pricing pressures.

World

UAE quits OPEC, shakes global oil order

KARACHI/DUBAI: The United Arab Emirates announced it will exit the Organization of the Petroleum Exporting Countries, delivering a major blow to the oil-producing alliance at a time of heightened global energy uncertainty. Strategic shift, not sudden move The decision, effective May 1, reflects what UAE officials described as a long-term strategic recalibration of energy policy rather than a reactionary step. Energy Minister Suhail Mohamed al-Mazrouei said the move aligns with the country’s future vision, signalling a shift toward greater production flexibility and independence from quota constraints. Analysts say the UAE has long been uncomfortable with OPEC production caps, especially as it seeks to expand output capacity and capture a larger share of global demand. The exit allows Abu Dhabi to increase crude production without being bound by collective supply agreements, potentially reshaping supply dynamics. Blow to OPEC cohesion The UAE’s departure weakens OPEC’s ability to manage global oil supply, particularly as it is one of the group’s largest producers. It also underscores growing divergence within the Gulf, especially between the UAE and Saudi Arabia, the cartel’s de facto leader. The move comes amid an ongoing regional conflict involving Iran that has disrupted oil flows through the Strait of Hormuz, pushing prices higher and complicating coordination. Market participants warn that once geopolitical disruptions ease, the absence of UAE discipline within OPEC could trigger a price war among producers competing for market share. The exit also raises broader questions about the future relevance of OPEC+, particularly as non-OPEC producers continue to expand output globally.

Strict Jail Terms, Rs500,000 Fine for Child Marriages in Punjab
Editor pick, Environment

Strict Jail Terms, Rs500,000 Fine for Child Marriages in Punjab

The Punjab Assembly has passed the Punjab Child Marriage Restraint Bill 2026 with a majority vote. The new law makes marriage below the age of 18 a cognisable offence across the province. Authorities can now take immediate legal action without requiring a formal complaint. The legislation marks a major shift in how the state addresses child marriage. It introduces strict punishments for adults, parents, and facilitators involved in such unions. Lawmakers say the move aims to protect children, especially girls, from exploitation and abuse. Strict Punishments for Adult Offenders Under the new Punjab Child Marriage Law, any adult above 18 who contracts a marriage with a child will face serious consequences. The law mandates rigorous imprisonment of at least two years, which may extend up to three years. In addition, courts may impose a fine of up to Rs500,000. The bill clearly defines the offence and removes legal ambiguity. It ensures that individuals cannot evade responsibility by exploiting loopholes. Officials believe this provision will act as a strong deterrent against underage marriages. Parents and Guardians Also Held Accountable The law goes further by targeting those who enable child marriages. Parents, guardians, or any individual who facilitates or permits such unions will face equal punishment. The legislation prescribes two to three years of imprisonment along with a fine of up to Rs500,000. Importantly, the law also covers negligence. If a guardian fails to prevent a child marriage despite having the authority to do so, they will be held liable. This clause expands accountability and places responsibility on families and communities. Cognisable Offence Status Strengthens Enforcement By declaring child marriage a cognisable offence, the Punjab government has strengthened enforcement mechanisms. Police can now register cases and take action without waiting for a court order. This change is expected to improve response time and prevent marriages before they take place. Legal experts say this provision aligns Pakistan’s provincial laws with international child protection standards. It also empowers law enforcement agencies to act proactively. Officials Call It a Landmark Step Reacting to the development, Sara Ahmed, Chairperson of the Punjab Child Protection Bureau, welcomed the legislation. She described it as a “landmark” move for child protection in the province. Ahmed said the law reflects the vision of Punjab Chief Minister Maryam Nawaz. She emphasised that the legislation will help safeguard the rights of girls and vulnerable children. She also expressed confidence that the law will bring long-term social change. According to her, stricter laws combined with awareness campaigns can significantly reduce child marriages. Awareness Campaigns and Implementation Plan Authorities plan to introduce special awareness campaigns to ensure effective implementation. These initiatives will educate communities about the legal age of marriage and the consequences of violations. Officials will also train law enforcement agencies to handle cases sensitively. The government aims to create a coordinated response involving police, social services, and local administrations. Experts stress that awareness remains critical. In many rural areas, cultural practices still support early marriages. Therefore, the success of the Punjab Child Marriage Law will depend on consistent enforcement and community engagement. A Step Towards Social Reform The passage of this law signals a broader commitment to child rights in Pakistan. Child marriage has long remained a challenge due to poverty, lack of education, and social norms. However, stronger legal frameworks can help shift societal attitudes. Advocates argue that delaying marriage improves education outcomes and economic opportunities for girls. It also reduces health risks associated with early pregnancies. The Punjab government believes this legislation will set a precedent for other provinces. Policymakers expect similar reforms to emerge at the national level in the future.

TCS Welcomes New B737 Freighter Aircraft at Karachi Airport
Pakistan

TCS Welcomes New B737 Freighter Aircraft at Karachi Airport

Karachi, April 28, 2026: A shining new B737 freighter aircraft in bold red and white livery with the TCS logo arrived today to an enthusiastic welcome at the Karachi Airport. Read More: https://theboardroompk.com/glaxo-posts-23-profit-surge-in-q1-2026-on-strong-margins-and-lower-finance-costs/ The delivery flight was accorded a water-gun salute and was received in person by the Director General Civil Aviation – Mr Nadir Dar, Chairman TCS – Mr Khalid Awan, senior regulatory officials and members of the TCS management team. This event marks a milestone, as the dedicated cargo aircraft, bearing the tagline “Shaping New Trade Routes”, will serve high-volume, time-sensitive freight corridors, reducing transit times for Pakistan’s exporters and importers, while creating new commercial pathways previously unavailable domestically.

GLAXO Posts 23% Profit Surge in Q1 2026 on Strong Margins and Lower Finance Costs
Business

GLAXO Posts 23% Profit Surge in Q1 2026 on Strong Margins and Lower Finance Costs

Pakistan-based pharmaceutical giant GlaxoSmithKline Pakistan Limited reported an impressive 23% year-on-year increase in net profit for the first quarter ending March 2026, highlighting robust operational performance and improved cost efficiency. Read More: https://theboardroompk.com/govt-allocates-rs4-4-billion-to-clear-pia-retirees-dues-amid-ongoing-restructuring/ The company’s net earnings rose to Rs2.61 billion, up from Rs2.13 billion in the same period last year, while earnings per share climbed to Rs8.20 from Rs6.68. This growth was largely driven by stronger revenues and controlled production costs. Net sales increased by 9% to Rs17.03 billion, whereas the cost of sales grew at a slower pace of 4%, allowing gross profit to jump 20% to Rs6.38 billion. Despite a rise in operating expenses—including higher spending on marketing, distribution, and administration—the company maintained solid profitability. Operating profit expanded by 19% to Rs4.31 billion, supported by improved margins. A major boost came from a sharp decline in financial charges, which dropped by around 80% to just Rs23 million. This reduction significantly strengthened profit before tax, which increased by over 20% to Rs4.29 billion. Even after a higher tax burden of Rs1.68 billion, the company successfully delivered strong bottom-line growth, underscoring its resilience and operational discipline in a challenging economic environment. Overall, the results reflect a combination of steady revenue expansion, effective cost management, and reduced debt-related expenses—positioning GLAXO as a strong performer in Pakistan’s pharmaceutical sector.

Govt Allocates Rs4.4 Billion to Clear PIA Retirees’ Dues Amid Ongoing Restructuring
Pakistan

Govt Allocates Rs4.4 Billion to Clear PIA Retirees’ Dues Amid Ongoing Restructuring

Pakistan’s government has approved Rs4.4 billion to settle pending medical and pension payments for retired employees of Pakistan International Airlines (PIA), even as the national carrier moves through its post-privatisation phase. Read More: https://theboardroompk.com/karachi-chamber-hails-maritime-minister-kpt-leadership-for-timely-intervention/ The decision was taken during a meeting of the Economic Coordination Committee (ECC), chaired by Finance Minister Muhammad Aurangzeb, following a request from the Ministry of Defence to address financial obligations linked to PIA’s restructuring. Originally, authorities sought around Rs6 billion to support PIA Holding Company Limited in managing the airline’s liabilities. However, the ECC approved a portion of this amount, specifically allocating Rs4.4 billion to cover retirees’ medical expenses and pension payments, along with some salary-related disbursements. In a related move, the committee also sanctioned Rs455 million to pay employees of the Precision Engineering Complex, which has been separated from PIA and placed under the Ministry of Defence. However, not all funding requests were approved. A separate proposal seeking Rs1.1 billion for payments to the National Insurance Company Limited (NICL) was rejected, with officials directing that the matter be resolved through the appropriate revenue authorities in line with audit recommendations. The funding decision comes in the wake of the government’s sale of a 75% stake in PIA for Rs135 billion. Under the terms of the agreement, the airline must maintain positive equity—something that remains difficult without continued financial backing from the state. The move highlights the government’s ongoing financial support for the struggling national carrier, particularly in ensuring that retired employees receive their due benefits despite broader restructuring efforts.

PCDMA Warns Interest Rate Hike Hits Economy
Pakistan

PCDMA Warns Interest Rate Hike Hits Economy

KARACHI: Pakistan Chemicals & Dyes Merchants Association (PCDMA) has expressed deep disappointment over the State Bank of Pakistan’s decision to raise the policy rate by one percent, warning that the move will push the national economy toward further slowdown and adversely affect business activity. Read More: https://theboardroompk.com/mondelez-dominates-effie-awards-2026-with-6-awards-accolades/ In a statement, PCDMA Chairman Salim Vali Muhammad said the timing of the increase was particularly damaging, as global economic uncertainty already weighs heavily on Pakistan’s trade and industry. He argued that raising interest rates under the pretext of controlling inflation was neither a new nor effective solution, but rather a failed prescription that has historically burdened traders and industrialists.“When interest rates rise, economic activity slows down. This is not a new phenomenon — we have been highlighting this from the very beginning. The opportunity to reduce rates was missed when conditions were favorable, and now, amid rising fuel prices and mounting inflationary pressures, the decision to hike rates will only worsen the situation,” he remarked. Salim Vali Muhammad stressed that the government and the central bank must take the concerns of the business community seriously. He urged policymakers to adopt a pro-growth monetary stance by reducing interest rates to stimulate industrial and commercial activity, generate employment opportunities, and strengthen economic stability.

Karachi Chamber hails Maritime Minister, KPT leadership for timely intervention
Business

Karachi Chamber hails Maritime Minister, KPT leadership for timely intervention

KARACHI: Chairman Businessmen Group Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI), Muhammad Rehan Hanif have highly appreciated Federal Minister for Maritime Affairs Junaid Anwar Chaudhry, Chairman Karachi Port Trust (KPT) Rear Admiral (Retd.) Shahid Ahmed and KPT Trustee Abdullah Zaki for facilitating the country’s export sector through substantial relief in storage and demurrage charges at Karachi Port. Read More: https://theboardroompk.com/mondelez-dominates-effie-awards-2026-with-6-awards-accolades/ In a joint statement issued here, Zubair Motiwala and Rehan Hanif paid glowing tribute to Maritime Affairs Junaid Anwar Chaudhry for spearheading a series of decisive and timely measures aimed at safeguarding exporters’ interests during a period of heightened global shipping disruptions, particularly affecting Gulf-bound consignments. They also commended Chairman KPT Shahid Ahmed and KPT Trustee Abdullah Zaki for their proactive role in engaging terminal operators and ensuring swift implementation of relief measures for the business community. They noted that following effective coordination by the Ministry of Maritime Affairs and KPT, leading terminal operators including Karachi Gateway Terminal Limited (KGTL), Karachi International Container Terminal (KICT), and South Asia Pakistan Terminals (SAPTL) agreed to provide significant concessions in storage and demurrage charges for export containers, particularly those destined for Gulf countries that had been held up due to extraordinary circumstances. This pro-business step would surely provide much-needed financial breathing space to exporters struggling with rising logistics costs, they added. Zubair Motiwala and Rehan Hanif emphasized that this landmark initiative reflects the government’s strong commitment to protecting Pakistan’s export competitiveness at a time when global maritime trade has been facing unprecedented challenges, including regional tensions and supply chain disruptions.They were of the view that these measures are part of a broader reform agenda under Minister Junaid Anwar Chaudhry, who has been actively pursuing policies to transform Karachi Port into a regional transshipment hub, including incentives in port dues, berthing, and storage to boost trade activity and attract international shipping lines. The timely reduction in storage and demurrage charges has come as a major relief for exporters, particularly those dealing with Gulf markets, who were facing severe financial stress due to unexpected delays. This intervention has not only reduced cost pressures but has also restored confidence within the business community, they stated. Chairman BMG and President KCCI further remarked that such business-friendly policies are essential for enhancing Pakistan’s export performance, improving port efficiency, and strengthening the country’s position in regional and global trade corridors. They expressed hope that the Ministry of Maritime Affairs and KPT would continue to engage with stakeholders and introduce further facilitative measures to streamline port operations, reduce the cost of doing business, and fully realize the potential of Pakistan’s blue economy. While reaffirming KCCI’s full support to the government’s reform initiatives, Zubair Motiwala and Rehan Hanif reiterated the Chamber’s commitment to working closely with all relevant authorities to promote sustainable economic growth and export-led development.

Mondelēz Dominates Effie Awards 2026 with 6 Awards/Accolades
Pakistan

Mondelēz Dominates Effie Awards 2026 with 6 Awards/Accolades

Karachi, April 28 — Mondelēz Pakistan concluded the Effie Awards Pakistan 2026 on a historic note, walking away with six awards in a display of marketing excellence that reaffirmed the company’s standing as one of Pakistan’s most impactful consumer goods organizations. Read More: https://theboardroompk.com/lhc-dismisses-hondas-appeal-against-ccps-enquiry-clarifies-appeals-mechanism-under-competition-law/ The haul comprised three Gold awards, one Silver, and two Bronze, spanning categories including Seasonal Marketing, Artificial Intelligence, Product Innovation, Youth Marketing, Topical Marketing, and Snacks & Desserts. The breadth of wins reflects Mondelēz Pakistan’s ability to connect with consumers across diverse touchpoints and platforms. Mondelēz Pakistan’s flagship brand, Cadbury, was recognized as one of the most awarded single brand at this year’s Effies and earned a nomination among the top three contenders for the Grand Prix; the highest individual honor at the awards. Syed Gohar Naqvi – Marketing Lead Mondelēz Pakistan, stated, “Our success at the Effies reflects how we are accelerating growth through data-driven insights, tech-led creativity, and a deep understanding of our consumers—while embedding sustainability and responsible practices to drive meaningful, long-term impact.” Mondelēz Pakistan also emerged as one of the front-runners for the Marketer of the Year award, competing against multi-brand organizations. The achievement has certainly established the company as a benchmark for marketing effectiveness in the country. About Mondelēz Pakistan Limited: Mondelēz Pakistan Limited (MDLZ) is a wholly owned subsidiary of Mondelēz International, Inc., a world leader in chocolates, biscuits, gum, candy, and powdered beverages. Mondelēz Pakistan Limited’s portfolio includes flagship brands such as Cadbury Dairy Milk and Tang, which hold market-leading positions in their respective categories.

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