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Pakistan Daily Petrol Prices: Why Fuel Prices Are Now Changing Every Working Day

Web Desk / July 23, 2026

Pakistan’s fuel pricing system has entered a new phase as Pakistan Daily Petrol Prices are now being revised every working day instead of every fortnight. The new pricing framework introduced by the Oil and Gas Regulatory Authority (OGRA) allows petrol and diesel prices to reflect international market movements much faster, directly affecting motorists, businesses, transport operators, and industries across the country. Within days of the new mechanism taking effect, consumers witnessed consecutive increases in fuel prices, highlighting how closely domestic petroleum rates are now linked to fluctuations in global oil markets. Pakistan Daily Petrol Prices Replace the Fortnightly Pricing System For years, Pakistan reviewed petroleum prices every two weeks. During heightened volatility caused by the US-Iran conflict, the government temporarily shifted to weekly price revisions. The latest reform goes a step further by introducing daily ex-depot fuel prices on every working day. Under the new system, OGRA publishes revised petrol and diesel prices from Monday to Friday, while Friday’s rates remain applicable over the weekend. The objective is to make domestic fuel prices more responsive to international oil market trends instead of delaying adjustments until the next review cycle. Fuel Prices Rise Within Days of the New Mechanism The impact of the daily pricing formula became evident almost immediately. Motor Spirit (MS) petrol increased from Rs315.80 per litre on July 21 to Rs320.73 on July 22, before climbing further to Rs327.12 per litre on July 23. High-Speed Diesel (HSD) followed a similar trajectory, rising from Rs360.06 to Rs367.21, and then reaching Rs375.04 per litre over the same period. These back-to-back revisions demonstrate how domestic prices can now change rapidly in response to global market conditions. How Pakistan Daily Petrol Prices Are Calculated Many consumers believe petrol prices depend only on international crude oil prices. However, the calculation involves several cost components before fuel reaches retail filling stations. International Benchmark Prices The pricing process begins with the seven-working-day rolling average of Platts Arab Gulf benchmark prices. For July 23, the benchmark prices stood at: These benchmarks serve as the primary international reference for imported petroleum products. Freight and Import Costs Freight charges are then added to the benchmark prices. For petrol, freight is based on the weighted average transportation cost of Pakistan State Oil (PSO) imports over the previous seven working days. Diesel freight is calculated using Pakistan’s long-term supply arrangement with Kuwait Petroleum Corporation (KPC). Exchange Rate Conversion The Cost and Freight (C&F) value is converted into Pakistani rupees using the seven-day average exchange rate published by the State Bank of Pakistan (SBP). The calculation also applies the industry-standard conversion factor of 158.98 litres per barrel. Additional Charges Several other costs are incorporated before arriving at the import price, including: Banking and insurance expenses Marine insurance HDIP fees Port handling charges Ocean transportation losses or gains Exchange rate adjustments Customs duties After these calculations, the Ex-Refinery/Import Price on July 23 stood at: Government Taxes Continue to Influence Retail Fuel Prices The ex-refinery price represents only one portion of the final amount consumers pay at petrol pumps. Additional charges include: Inland Freight Equalization Margin (IFEM) This covers transportation costs across different regions of Pakistan. OMC and Dealer Margins Fixed margins are allocated to Oil Marketing Companies (OMCs) and petroleum dealers. Petroleum Levy The Petroleum Levy remained Rs80 per litre on July 23. Climate Support Levy An additional Rs5 per litre was charged under the Climate Support Levy. Sales Tax Sales Tax remained zero on both petrol and diesel. After incorporating these components, the retail ex-depot petrol price increased from approximately Rs242.12 per litre before taxes and levies to Rs327.12 per litre, excluding secondary transportation costs. New Import Rules Strengthen Supply Management The revised pricing framework also introduces stricter petroleum import regulations. For the FY2027, all High-Speed Diesel (HSD) imports will be handled exclusively by Pakistan State Oil (PSO). Motor Spirit (MS) imports will continue through multiple Oil Marketing Companies under OGRA’s Product Requirement Mechanism, with allocations based on market share. Companies failing to fulfill import commitments, delaying shipments, or failing to lift refinery allocations may face suspension from future import allocations for up to nine months. The objective is to improve supply discipline and reduce disruptions in the fuel market. Greater Transparency Through Daily Benchmark Publication One of the key features of the new system is improved transparency. OGRA now publishes the daily Platts Arab Gulf benchmark prices used in fuel calculations, allowing consumers, businesses, and industry participants to better understand how petroleum prices are determined. The same daily pricing methodology has also been extended to Superior Kerosene Oil (SKO) and Light Diesel Oil (LDO). What Pakistan Daily Petrol Prices Mean for Consumers The introduction of Pakistan Daily Petrol Prices marks one of the most significant reforms in the country’s petroleum pricing system. While the mechanism enhances transparency and aligns Pakistan more closely with international pricing practices, it also exposes consumers to more frequent fluctuations in fuel costs. Motorists, transport companies, manufacturers, logistics operators, and businesses will now need to monitor fuel prices more closely, as changes in global oil prices and exchange rates can influence domestic petrol and diesel prices within days rather than weeks. As international energy markets remain volatile, daily fuel price revisions are expected to become a permanent feature of Pakistan’s energy landscape.

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Pakistan, Iran Reaffirm Security Cooperation As Asim Munir Meets Iranian Interior Minister

Web Desk / July 22, 2026

Pakistan and Iran reaffirmed their commitment to strengthening bilateral security cooperation, enhancing border management and promoting regional peace as Iranian Interior Minister Eskandar Momeni held separate meetings with Chief of Defence Forces and Chief of the Army Staff Field Marshal Syed Asim Munir and Prime Minister Shehbaz Sharif during his official visit to Islamabad. According to the Inter-Services Public Relations (ISPR), Momeni met Field Marshal Asim Munir at the General Headquarters (GHQ) in Rawalpindi, where both sides discussed matters of mutual interest, regional and bilateral security, effective border management and continued cooperation between the two neighbouring countries. Pakistan And Iran Discuss Border Security And Regional Stability The military’s media wing said the discussions focused on maintaining peace along the shared border and strengthening coordination to address common security challenges. Both sides also reviewed mechanisms for enhancing cooperation aimed at promoting long-term regional stability. During the meeting, the visiting Iranian minister appreciated Pakistan’s consistent diplomatic efforts to ease tensions in the region. He acknowledged Islamabad’s role in encouraging dialogue, promoting de-escalation and supporting peaceful solutions to regional disputes. The ISPR said the meeting concluded with a reaffirmation of both countries’ commitment to maintaining close coordination and strengthening cooperative mechanisms to safeguard regional security while promoting mutual prosperity. Prime Minister Shehbaz Sharif Reiterates Support For Diplomacy Earlier in the day, Momeni also called on Prime Minister Shehbaz Sharif at the Prime Minister’s House, where discussions focused on the evolving security situation in the Middle East and expanding Pakistan-Iran relations. The prime minister expressed deep concern over the latest escalation in the Gulf and reiterated Pakistan’s readiness to play a constructive diplomatic role in reducing tensions between the United States and Iran. According to an official statement issued by the Prime Minister’s Office, Shehbaz Sharif urged all parties to exercise maximum restraint and avoid actions that could further destabilise the region. The premier reiterated Pakistan’s commitment to serving as an honest mediator and facilitator, stressing that Islamabad would continue supporting peaceful dialogue and diplomatic engagement to promote regional peace and stability. Senior members of the federal cabinet attended the meeting, including Deputy Prime Minister Mohammad Ishaq Dar, Interior Minister Syed Mohsin Raza Naqvi, Information Minister Attaullah Tarar, Minister of State for Interior Talal Chaudhry, Adviser to the Prime Minister Dr Syed Tauqir Shah, and other senior government officials. Iranian Minister Appreciates Pakistan’s Diplomatic Efforts Prime Minister Shehbaz welcomed the Iranian delegation and recalled his recent visit to Tehran to attend the funeral ceremony of the late Supreme Leader Ayatollah Sayyid Ali Khamenei. He conveyed his best wishes to Iran’s leadership, including President Dr Masoud Pezeshkian and the country’s Supreme Leader. Momeni thanked the prime minister for the warm reception extended to his delegation and conveyed greetings from the Iranian leadership. He said his visit aimed to strengthen bilateral cooperation and follow up on agreements reached during recent high-level engagements between the two countries. The Iranian minister also appreciated the diplomatic efforts of Prime Minister Shehbaz Sharif, Deputy Prime Minister Ishaq Dar and Field Marshal Asim Munir in facilitating dialogue that resulted in the Islamabad Memorandum of Understanding (MoU) between the United States and Iran earlier this year. He also thanked the prime minister for travelling to Tehran to attend the funeral of Iran’s late Supreme Leader. Momeni arrived in Islamabad on Monday night on an official visit and was received by Interior Minister Mohsin Naqvi. He is leading a high-level delegation comprising senior Iranian government officials. Before meeting the prime minister, the visiting minister was presented with a ceremonial police parade in Islamabad. He also visited the Pakistan Monument, where a Federal Constabulary contingent presented a guard of honour in his honour. Regional Developments Remain In Focus His visit comes at a time when Pakistan continues diplomatic efforts to preserve the Islamabad Memorandum of Understanding, which was signed last month in an attempt to end hostilities between the United States and Iran. However, the security situation has deteriorated again following renewed military exchanges. According to reports, the United States continued strikes inside Iran, while Tehran responded by targeting American radar and air defence installations in the Gulf. Iranian officials have accused Washington of violating the ceasefire agreement, while diplomatic contacts through international mediators reportedly remain ongoing. The regional conflict has also expanded, with Iran reimposing restrictions in the Strait of Hormuz, prompting countermeasures by the United States. Yemen’s Houthi movement has also announced a maritime embargo targeting Saudi Arabia, adding another dimension to the regional crisis. Pakistan And Iran Aim To Expand Bilateral Trade Beyond security and diplomacy, Pakistan and Iran are seeking to significantly expand economic cooperation. Speaking to Iranian media after arriving in Islamabad, Momeni said both countries are working toward increasing annual bilateral trade from approximately $3 billion to $10 billion. He stressed that achieving this target would require substantial improvements in cross-border transport infrastructure and logistics. According to remarks carried by Iran’s Mehr News Agency, Momeni said nearly 2,000 trucks or containers would need to cross the Pakistan-Iran border each day to support the proposed trade volume. At present, only about 20 percent of that transport capacity is being utilised. He said improving border infrastructure, facilitating trade, expanding transport connectivity and implementing agreements reached during President Masoud Pezeshkian’s recent visit would remain key priorities during discussions with Pakistani officials. Pakistan and Iran also continue discussions on enhancing connectivity between ports, strengthening border trade and reviving the long-delayed Iran-Pakistan gas pipeline, which both sides see as an important project for boosting regional energy cooperation. Longstanding Bilateral Relations Continue To Grow Sharing a 900-kilometre border, Pakistan and Iran maintain longstanding historical, cultural and economic ties. While their relationship has occasionally faced challenges due to cross-border militant activity and regional security concerns, both countries continue to emphasise dialogue, cooperation and stronger economic integration as the foundation for long-term regional stability.

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Pakistan Appoints Global Banks To Lead Eurobond And Sukuk Programs

Web Desk / July 22, 2026

Pakistan has selected consortiums of leading international financial institutions to manage its Global Medium-Term Note (GMTN) and International Sukuk programs as part of its strategy to diversify external financing sources and strengthen long-term access to global capital markets. The Ministry of Finance announced the appointments on Tuesday following a competitive selection process. The mandates will remain in place for three years and are designed to support Pakistan’s future sovereign borrowing through conventional and Shariah-compliant debt instruments. The selected financial institutions will advise the government on international debt issuances, including Eurobonds, international sukuks, and Pakistani rupee-denominated, US dollar-settled bonds, providing Pakistan with greater flexibility to raise funds from global investors when required. Finance Minister Launches Strategic Partnership With Global Banks While on an official visit to Washington, D.C., Finance Minister Muhammad Aurangzeb held a virtual meeting with senior executives of the selected institutions to formally launch the strategic partnership and outline the government’s long-term financing strategy. Banks Selected For Eurobond And Sukuk Programs For future Eurobond issuances, the government appointed Standard Chartered Bank, Citibank, Deutsche Bank, Emirates NBD Capital, and MUFG Securities Asia Limited as its international banking partners. For International Sukuk transactions, Pakistan selected a consortium comprising Standard Chartered Bank, Dubai Islamic Bank PJSC, Citibank, Emirates NBD Capital, and Mashreq Bank PSC to structure and arrange future Shariah-compliant sovereign debt offerings. Meanwhile, Standard Chartered Bank, Citibank, and Deutsche Bank were appointed to support the issuance of Pakistani rupee-denominated, US dollar-settled bonds, an instrument aimed at attracting international investors while reducing foreign exchange risks associated with conventional external borrowing. Three-Year Mandate To Strengthen Capital Market Access According to the Ministry of Finance, the appointments are intended to establish a long-term financing platform rather than facilitate a single fundraising transaction. The framework will enable Pakistan to access international debt markets whenever financing requirements arise, subject to market conditions, regulatory approvals, and completion of the necessary documentation. Officials said the arrangement would provide continuity in Pakistan’s engagement with global investors and improve the efficiency of future sovereign debt issuances. The ministry noted that the inclusion of MUFG Securities Asia Limited and Mashreq Bank PSC broadens Pakistan’s relationships with international financial institutions and expands its outreach to a wider range of investors across Asia, the Middle East, Europe, and other global financial markets. The government believes this expanded network of financial partners will help strengthen Pakistan’s visibility among international investors and improve access to diversified sources of external financing. Government Sees Improving Investor Confidence According to the Finance Ministry, Pakistan’s improving macroeconomic environment has contributed to stronger investor confidence in recent months. Officials cited fiscal consolidation, rising foreign exchange reserves, improving debt sustainability indicators, and continued implementation of structural economic reforms as key factors supporting the country’s financial outlook. The ministry also highlighted the recent narrowing of Pakistan’s sovereign credit spreads, describing it as an indication that international investors are becoming more confident about the country’s economic stability and medium-term growth prospects. Through the new financing framework, the government aims to establish a more diversified, market-based borrowing strategy that broadens its investor base, lowers borrowing costs over time, and strengthens Pakistan’s long-term presence in international capital markets. The initiative also supports the government’s broader objective of reducing dependence on short-term financing while creating sustainable funding channels for future development and budgetary requirements. Finance Minister Discusses Refinery Investment With Honeywell In a separate engagement during his visit to Washington, Finance Minister Muhammad Aurangzeb met a delegation from Honeywell Technologies, led by Vice President and General Manager Barry Glickman, to discuss investment opportunities in Pakistan’s energy sector. The discussions focused on modernising and expanding Pakistan’s domestic refinery infrastructure through the adoption of Honeywell’s advanced refining technologies and engineering solutions. According to the Finance Ministry, both sides explored opportunities to upgrade existing refineries, improve operational efficiency, and increase domestic production of refined petroleum products. The meeting also covered potential financing options for refinery projects, including support from the U.S. Export-Import Bank (EXIM), the U.S. International Development Finance Corporation (DFC), export credit agencies, and international commercial banks. Muhammad Aurangzeb said modernising Pakistan’s refining sector would play an important role in increasing domestic refining capacity, reducing reliance on imported petroleum products, strengthening the country’s energy security, and supporting industrial development. Long-Term Financing And Energy Investment Strategy He added that investments in refinery infrastructure would contribute to long-term economic growth by improving energy efficiency, enhancing value addition within the petroleum sector, and creating new opportunities for private sector investment.

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Xenith PR Partners With IoBM To Bridge Pakistan’s Corporate Communications Gap

Press Release / July 22, 2026

Pakistan’s corporate communications industry is set to receive a major boost as Xenith PR has entered into a strategic partnership with the Institute of Business Management (IoBM) to launch a three-month Certificate in Strategic Communications & Digital Media. The programme is designed to equip students and working professionals with practical, industry-focused skills needed to succeed in today’s rapidly evolving corporate environment. Xenith PR And IoBM Launch Industry-Focused Certification Program The certificate course builds on Xenith PR’s successful collaboration with Greenwich University last year, where the agency introduced a diploma programme aimed at providing professionals with practical communications expertise beyond traditional academic curricula. Through its new partnership with IoBM, Xenith PR aims to extend the same industry-driven learning experience to a wider group of students and professionals seeking careers in corporate communications, public relations, digital media, and brand management. Focus On Practical Corporate Communications Skills Speaking about the initiative, Raheel Nabi, Director and Chief Executive of Xenith PR, said the programme reflects the agency’s commitment to integrating real-world industry knowledge into academic learning. He stated that the partnership with IoBM is intended to bridge the gap between classroom education and boardroom execution by equipping participants with practical tools, techniques, and the agile mindset required to thrive in Pakistan’s evolving corporate landscape. The three-month certification programme will be delivered through six intensive modules based on Xenith PR’s three decades of experience in Corporate Communications. Curriculum Covers PR, Digital Media And AI Participants completing the programme will gain hands-on knowledge across key areas of strategic communications, including: According to Xenith PR, the curriculum has been designed to provide practical expertise that would typically require years of on-the-job experience, helping graduates become job-ready from the outset. IoBM Highlights Industry-Relevant Learning Speaking at the Memorandum of Understanding (MoU) signing ceremony, Nabhan Shah Karim, Head of the Department for Marketing & Communications at IoBM, emphasized the growing importance of specialised, skills-based education in corporate communications. He said that success in today’s communications industry depends on concise, practical, and cutting-edge learning programmes. Through the partnership, IoBM aims to help students begin building their careers while still in the classroom, preparing them for future leadership roles. Enrollment Opens In September 2026 The collaboration reflects the shared vision of Xenith PR and IoBM to modernize professional education by replacing traditional rote learning with practical, industry-oriented training. Enrollment for the Certificate in Strategic Communications & Digital Media will open on September 23, 2026, while classes are scheduled to begin later in September 2026 at IoBM’s Karachi campus.

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Punjab, Sindh Seek Urgent Wheat: Govt Mulls Imports

Web Desk / July 21, 2026

Federal and provincial governments convened in Islamabad on Monday for the second high-level meeting in five days to address an emerging wheat crisis. Punjab and Sindh, the country’s main food-producing provinces, have formally sought substantial releases from federal reserves amid rising prices and low provincial stocks. The crisis has intensified following procurement shortfalls and rising wheat prices, prompting the federal government to review possible import options while assessing provincial demand. Root Causes of the Shortage The crisis stems from policy shifts and procurement failures. Two years ago, the government ended the wheat support price under IMF conditions without establishing a robust alternative mechanism. This year, Punjab and Sindh largely failed to procure wheat directly from farmers. Federal Response and Import Considerations Economic Affairs Minister Ahad Cheema chaired the meeting, which reviewed import options to bolster strategic reserves. A final decision on imports was deferred until all provinces submit detailed written demands. Officials noted that meeting current requests could deplete federal stocks held by PASSCO. The country produced 29.78 million metric tonnes of wheat this year, plus two million tonnes from previous stocks. Estimated national requirement stands at 31.66 million tonnes, suggesting a marginal surplus on paper. However, ground realities tell a different story. Provincial Demand and Stock Position Punjab has demanded one million tonnes from federal reserves. Sindh seeks a minimum of 220,000 metric tonnes from stocks available in its godowns, with additional requests up to 700,000 tonnes from Punjab. Khyber-Pakhtunkhwa requested around 100,000 tonnes for public sector and 700,000 tonnes for private sector needs. Provincial reserves remain critically low. Punjab procured only about 480,000 tonnes against a target of three million. Sindh managed just over 200,000 tonnes. Concerns also persist over four million tonnes believed to be hoarded in Punjab that authorities have been unable to trace. Wheat Prices Continue to Rise Wheat prices have risen noticeably between June 11 and July 9. In Punjab, the price per 40 kg increased from Rs4,188 to Rs4,423. Sindh saw a sharper jump from Rs4,188 to Rs4,625. Flour prices have reached Rs142 per kg in major cities including Karachi, Rawalpindi, and Islamabad. Muzzammil Aslam, finance adviser to the Khyber-Pakhtunkhwa government, described the situation as the first serious wheat crisis within four months of harvest. He emphasized that only imports could effectively bring down prices. The Afghanistan border closure since November has eliminated smuggling possibilities. Cheema reiterated that protecting local farmers remains the top priority and no decisions would harm their interests. Govt Assures Supply Support Provinces reported stable markets with no immediate crisis during the meeting. Strict actions against hoarding and market manipulation continue. Cheema assured wheat releases according to existing MoUs with PASSCO and additional support where required. Another meeting is expected within 24 hours. The federal government may need to import between 500,000 and one million tonnes if shortages persist after addressing provincial demands. Outlook The evolving wheat situation highlights weaknesses in Pakistan’s wheat management and procurement system. Coordinated efforts between the federal and provincial governments will be essential to stabilize supplies, control prices, protect consumers, and safeguard farmers’ interests if import decisions become necessary.

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Govt Bars Private Firms from High Speed Diesel Imports, Hands Exclusive Rights to PSO

Web Desk / July 21, 2026

The federal government has banned private oil marketing companies (OMCs) from importing high-speed diesel (HSD) during the current fiscal year, granting Pakistan State Oil (PSO) exclusive authority to handle diesel imports. The move is part of a broader fuel supply strategy aimed at protecting consumers from rising international oil prices while ensuring uninterrupted petroleum supplies amid regional geopolitical uncertainties. The decision was approved by the federal cabinet and communicated to the Oil and Gas Regulatory Authority (OGRA) through revised policy guidelines issued by the Petroleum Division. Alongside the diesel import ban, the government has also imposed limits on petrol imports by private OMCs, linking their import allocations to their historical market share and sales performance. According to the new policy, only PSO will be allowed to import HSD throughout FY2026-27, while private OMCs will continue to import petrol only after receiving approval from OGRA under the existing monthly Product Review Meeting (PRM) mechanism. Govt Restricts Private Petrol Imports While private OMCs have not been completely barred from importing petrol, the government has introduced stricter controls. Petrol import quotas will now be determined based on each company’s previous market share, with a minimum cargo size of 10,000 tonnes. The policy also introduces strict penalties for companies failing to meet their import commitments. Any OMC that delays scheduled imports, fails to import within the agreed delivery month, or defaults on committed refinery upliftments will lose eligibility for additional petrol import allocations for the next nine months. Officials believe the measure will improve supply discipline, discourage speculative imports, and ensure a more stable domestic fuel market. PSO to Sign Long-Term Petrol Supply Deal with Oman As part of the government’s fuel security strategy, PSO will also enter into a long-term petrol supply agreement with OQ Trading of Oman. The agreement comes amid concerns over the security of global energy supplies following disruptions linked to the closure of the Strait of Hormuz, one of the world’s most critical oil shipping routes. The government believes securing long-term contracts with reliable suppliers will reduce supply risks and improve Pakistan’s energy security. The arrangement mirrors the existing long-term diesel supply agreement between PSO and Kuwait Petroleum Company (KPC), which has remained the primary supplier of imported HSD to Pakistan. OGRA to Publish Daily Petroleum Prices The revised policy introduces a significant change in petroleum pricing. OGRA has been directed to calculate and publish ex-depot prices of petrol and diesel every day on its official website without requiring approval from the federal government or the prime minister. However, the Director General (Oil) will continue to receive official notifications of each price publication. Although OGRA currently calculates petroleum prices internally and shares them with the Petroleum Division, it has not publicly displayed daily prices on its website for more than a decade after the federal government resumed the political responsibility for announcing fuel prices. The new framework is expected to improve transparency and provide consumers with timely access to fuel price information. Seven-Day Rolling Average to Determine Fuel Prices The government has also revised the pricing methodology for imported petroleum products. The import price for both petrol and HSD will now be calculated using a seven-working-day rolling average of the published Platts Arab Gulf Free on Board (FOB) assessments. For petrol, the benchmark will be MS 92 RON, while HSD 10 parts per million (ppm) sulphur will serve as the diesel benchmark. Import premiums, incidentals, and customs duties will continue to be based on PSO’s actual imported cargoes using a weighted average over the same seven-day period. If PSO does not import petrol during the rolling seven-day period, authorities will use the calendar year-to-date average of premiums, incidentals, and customs duties. Once the proposed long-term supply agreement with OQ Trading becomes operational, the contract premium will automatically be applied whenever no fresh PSO imports are available during the review period. Similarly, if PSO does not import HSD during the seven-day window, the pricing mechanism will rely on the existing Kuwait Petroleum Company term-contract premium along with the calendar year-to-date averages for other import costs. Existing Pricing Components to Continue Apart from the revised import policy, the government has decided to retain all existing pricing components. These include exchange rate adjustments, Refinery Regulatory Duty (RRD), Research Octane Number (RON) adjustments, HSD sulphur penalties, and the Inland Freight Equalisation Margin (IFEM), which will continue to be applied under the current framework. The Petroleum Levy will also remain in place, although its rate cannot exceed the ceiling approved by the federal cabinet. The Finance Division will continue to determine the applicable levy rate during the fiscal year before the Petroleum Division issues the formal notification. Outlook The government says the new policy is designed to strengthen Pakistan’s fuel supply chain, improve market discipline, enhance pricing transparency, and minimise the impact of international oil market volatility on domestic consumers while ensuring adequate petroleum availability throughout the fiscal year.

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SNGPL Suspends RLNG Supply to Agritech Urea Plant Amid Regional Supply Disruptions

Web Desk / July 20, 2026

Government Orders SNGPL RLNG Supply Suspension for Agritech Plant Sui Northern Gas Pipelines Limited (SNGPL) has suspended the supply of Re-gasified Liquefied Natural Gas (RLNG) to the urea manufacturing facility of Agritech Limited (PSX: AGL) following a government directive issued in response to disruptions in RLNG availability caused by the prevailing regional situation. According to a notification submitted by Agritech Limited to the Pakistan Stock Exchange (PSX), the suspension became effective at 12:00am on July 18, 2026. RLNG Supplies Halted Until Further Notice Agritech said SNGPL informed the company that the suspension was directed by the Government of Pakistan due to interruptions in RLNG supplies linked to ongoing regional developments affecting the country’s energy supply chain. The company stated that gas supplies to its urea plant will remain suspended until further notice, with SNGPL expected to communicate any decision regarding the restoration of RLNG supplies at a later stage. Urea Production May Be Affected The suspension of RLNG supplies could temporarily impact urea production at Agritech’s manufacturing facility. However, the company did not disclose the expected effect on production volumes, operational performance, or financial results. Agritech said it will continue to monitor the situation and keep shareholders informed of any further developments or instructions received from SNGPL. Regional Supply Disruptions Pressure Pakistan’s Energy Sector Pakistan has been facing increasing pressure on its energy supplies in recent weeks as regional tensions have disrupted global fuel supply chains and affected the availability of imported RLNG. The government has been managing available gas resources to ensure supplies for priority sectors during the current period of uncertainty. Company Awaits Restoration Decision No timeline has been announced for the resumption of RLNG supplies to Agritech’s urea plant. The company said it will provide an update to shareholders once SNGPL communicates any decision regarding the restoration of gas supplies.

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Jaecoo J6 REEV Pakistan Launch Confirmed as NexGen Auto Prepares Game-Changing SUV Debut

Web Desk / July 20, 2026

Pakistan’s electric vehicle market is preparing for another major milestone as Jaecoo J6 REEV Pakistan has officially been confirmed for launch in July 2026. After introducing the fully electric Jaecoo J6 EV to local customers, NexGen Auto is now bringing the country’s first Jaecoo Range-Extended Electric Vehicle (REEV), a move that could reshape consumer interest in long-distance electric mobility. The announcement comes at a time when Pakistani motorists are increasingly looking for vehicles that combine lower running costs with the flexibility to travel long distances without worrying about charging infrastructure. The Jaecoo J6 REEV appears designed to address exactly that concern. Jaecoo J6 REEV Pakistan Brings Extended Driving Freedom Unlike a conventional electric vehicle, the Jaecoo J6 REEV Pakistan combines battery-powered driving with a petrol-powered range extender. This technology allows drivers to enjoy the benefits of electric mobility while significantly reducing the fear of running out of battery during longer journeys. The SUV is equipped with a 33.67 kWh battery pack alongside a 1.5-litre petrol engine that functions as a generator to recharge the battery rather than directly powering the wheels. This setup enables the vehicle to deliver 252 horsepower and 300 Nm of torque through a rear-wheel-drive system, offering strong performance while maintaining energy efficiency. Impressive Driving Range Could Appeal to Pakistani Buyers One of the biggest attractions of the Jaecoo J6 REEV Pakistan is its claimed driving range. According to available specifications based on NEDC testing standards, the SUV can travel up to 190 kilometres solely on electric power. Once the range extender is utilized, the combined driving range reaches approximately 800 kilometres. For many Pakistani consumers, this combination could eliminate one of the biggest obstacles to EV adoption—range anxiety. Drivers would be able to complete daily urban commutes using electricity while relying on the petrol-powered range extender for longer highway trips. This dual capability may prove particularly attractive in cities where charging infrastructure continues to develop. NexGen Auto Strengthens Its Electric Vehicle Portfolio The arrival of the Jaecoo J6 REEV Pakistan signals NexGen Auto’s growing commitment to expanding Pakistan’s electrified vehicle market. With the fully electric Jaecoo J6 EV already available, introducing the REEV variant gives buyers another option depending on their driving habits and charging accessibility. The strategy reflects a broader global shift toward electrified mobility while addressing practical concerns specific to emerging markets. Industry observers believe range-extended electric vehicles could serve as an important transition technology for countries where charging networks are still expanding. Launch Scheduled for July 2026 NexGen Auto has confirmed that the Jaecoo J6 REEV Pakistan will officially launch in July 2026. However, the company has not yet announced the exact launch date, booking schedule, or official pricing. These details are expected to be revealed closer to the market introduction. Potential buyers and automotive enthusiasts are now closely watching for further announcements, particularly regarding pricing, warranty coverage, and booking availability, all of which are expected to influence the SUV’s competitiveness in Pakistan’s growing electric vehicle segment. Can the Jaecoo J6 REEV Change Pakistan’s EV Market? The introduction of the Jaecoo J6 REEV Pakistan could become one of the most significant automotive launches of 2026. By combining electric driving with extended range capability, the SUV offers a practical solution for consumers who want lower fuel costs without sacrificing long-distance convenience. As competition intensifies in Pakistan’s electric vehicle sector, the success of the Jaecoo J6 REEV will likely depend on competitive pricing, after-sales support, and consumer confidence in emerging electrified technologies. If these factors align, the model could accelerate the country’s transition toward cleaner and more efficient transportation.

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Spain FIFA World Cup 2026 Victory: Historic 38 Wins in a Row & 2nd World Cup, Argentina Performed Poorly

Web Desk / July 20, 2026

Spain World Cup 2026 Victory will be remembered as the moment European football reaffirmed its dominance on the world’s biggest stage. In a tense and physically demanding FIFA World Cup Final at MetLife Stadium in New Jersey, Spain defeated defending champions Argentina 1-0 after extra time, with Ferran Torres delivering the championship-winning goal that ended one of the most anticipated finals in football history. The result crowned Spain as world champions for the second time while bringing an emotional end to Lionel Messi’s World Cup career. Spain World Cup 2026 Victory Built on Complete Control Spain entered the final as one of the tournament favorites, and they justified that reputation by controlling possession from the opening whistle. Luis de la Fuente’s side dictated the tempo, circulated the ball with confidence, and repeatedly forced Argentina deep into their own half. Although the breakthrough proved difficult, Spain remained patient. Their persistence finally paid off early in extra time when Pedro Porro delivered a dangerous cross that Nico Williams headed into the penalty area. Ferran Torres reacted quickest, calmly finishing past Emiliano Martinez to score the only goal of the match. The decisive strike rewarded Spain’s relentless attacking pressure after they dominated virtually every statistical category throughout the contest. Argentina’s Tactical Gamble Finally Collapses Argentina adopted a cautious strategy centered around Lionel Messi, hoping their captain could produce another moment of brilliance similar to earlier rounds of the tournament. However, Spain’s aggressive pressing left Argentina with almost no attacking opportunities. Remarkably, the South American champions failed to register a single shot until the 115th minute, an astonishing statistic for a World Cup final. The lack of creativity exposed Argentina’s dependence on Messi, whose influence was limited by Spain’s disciplined defensive structure. Manager Lionel Scaloni’s conservative tactical setup had carried Argentina deep into the competition, but it ultimately failed against a younger, faster, and technically superior Spanish side. Ferran Torres Delivers the Defining Moment Ferran Torres once again demonstrated why he remains one of Spain’s most dependable attacking players. His extra-time winner was not only the goal that secured the trophy but also the culmination of Spain’s sustained dominance throughout the match. Torres remained composed under immense pressure, finishing clinically after Argentina struggled to clear the danger. The Barcelona forward’s contribution ensured his place in Spanish football history. Emiliano Martinez Prevented a Much Heavier Defeat Despite Argentina’s disappointing performance, goalkeeper Emiliano “Dibu” Martinez produced one of the finest individual displays of the tournament. Martinez made 11 saves over 120 minutes, repeatedly denying Spain from extending their lead. Playing while managing a painful finger injury, the Aston Villa goalkeeper kept Argentina alive for as long as possible and prevented the scoreline from becoming significantly more one-sided. Without his heroics, Spain could have secured victory much earlier. Lionel Messi’s World Cup Journey Comes to an Emotional End The final marked what Lionel Messi had already confirmed would be his last FIFA World Cup appearance. After an outstanding tournament that produced eight goals and four assists, the Argentine legend was unable to inspire one final comeback. Spain’s midfield denied him space, while Argentina struggled to provide meaningful support throughout the match. Although the fairy-tale ending did not materialize, Messi leaves international football having already secured a World Cup title, two Copa América championships, and countless individual records that have cemented his legacy among football’s greatest players. Spain’s Golden Generation Looks Ready to Dominate Spain’s World Cup triumph was far from a fortunate victory. The European champions conceded only one goal during the entire tournament and extended their unbeaten run to an extraordinary 38 matches. Luis de la Fuente’s blend of experienced leaders and exciting young talent has created one of the most balanced squads in international football. Their tactical discipline, technical quality, and ability to control matches suggest this victory may represent the beginning of another golden era rather than a single championship success. For world football, Spain World Cup 2026 Victory signals a changing of the guard, while Argentina begins the difficult task of preparing for life after Lionel Messi.

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Green Pakistan Initiative Helps Transform Barren Land, Boosting Farm Output and Employment

Web Desk / July 20, 2026

The Green Pakistan Initiative is playing an increasingly important role in transforming barren land into productive farmland, supporting agricultural development, creating employment opportunities and strengthening Pakistan’s food security, according to a beneficiary of the programme. The initiative, launched to improve agricultural productivity through modern farming techniques and land development, is helping farmers reclaim previously uncultivated land while providing technical guidance, modern technology and continuous support to increase crop yields. One of the beneficiaries, young farmer and farm owner Asim Awan, said the programme has enabled him to convert a large portion of land that was once completely barren into fertile agricultural fields within just two years. Green Pakistan Initiative Turns Barren Land into Productive Farms Speaking about his experience, Awan said that when he received the land two years ago, it was entirely uncultivated and unsuitable for farming. Today, nearly 80% of the land has been developed into productive farmland, where crops including wheat, chickpeas and canola are being cultivated. He said the crops produced from the reclaimed land will not only meet domestic demand but also have the potential to contribute to Pakistan’s agricultural exports in the future. According to Awan, increasing domestic agricultural production is an important step towards reducing dependence on imported food products while creating opportunities for exports. “The produce from this once-barren land will reach markets across Pakistan. Today’s imports can become tomorrow’s exports through increased agricultural production,” he said. Creating Jobs and Supporting Rural Communities The Green Pakistan Initiative has been designed to support sustainable agricultural development by bringing unused land under cultivation and encouraging the adoption of modern farming practices. In addition to improving agricultural output, the programme is also generating employment in rural communities. Awan said the project has significantly improved livelihoods by creating job opportunities for local residents. “I don’t have 100 employees; I have 100 families associated with this project,” he said while highlighting the social impact of the initiative. He added that during the harvesting season, the farm provides employment to approximately 700 to 800 labourers, helping generate income for hundreds of households and contributing to the local economy. The increase in employment opportunities has improved living standards for many families in the surrounding areas, demonstrating the wider economic benefits of agricultural development. Modern Technology Driving Higher Farm Productivity Awan also praised the technical support provided under the Green Pakistan Initiative, saying government teams have remained actively engaged with farmers throughout the development process. He explained that agricultural experts regularly guide farmers on crop management, seed selection and modern cultivation techniques to improve productivity. According to him, one of the programme’s most valuable features is the use of advanced technology in farming. He said satellite-based monitoring systems are being used to provide farmers with timely information about crop conditions, weather patterns, seed quality and the latest agricultural innovations from around the world. This technological support enables farmers to make informed decisions regarding irrigation, fertiliser application and crop management, ultimately improving yields and reducing production risks. Advancing Climate-Smart Agriculture The initiative also aims to promote climate-smart agriculture by encouraging efficient land use and modern farming practices that increase productivity while conserving natural resources. Agricultural experts believe that reclaiming barren land could help Pakistan strengthen food security, reduce import dependence and enhance the competitiveness of its agricultural sector. Pakistan possesses millions of acres of underutilised land that could potentially be converted into productive farmland through improved irrigation systems, mechanisation and scientific farming methods. Programmes such as the Green Pakistan Initiative are intended to unlock this potential by connecting farmers with technical expertise, modern equipment and agricultural research. A Vision for Pakistan’s Agricultural Future Awan described the project as more than a personal achievement, saying its success represents a broader opportunity for Pakistan’s agricultural sector. He said the transformation of barren land into fertile fields demonstrates what can be achieved when farmers receive access to land, modern technology and professional guidance. According to Awan, the initiative has given many young farmers renewed confidence to invest in agriculture and adopt innovative farming practices that improve productivity and profitability. He expressed optimism that continued government support would enable more uncultivated land across the country to be brought under cultivation. “The success of this project is not just my success; it is Pakistan’s success,” Awan said. He added that if similar efforts continue nationwide, the country could significantly reduce the amount of barren land and unlock new opportunities for agricultural growth, employment generation and rural development.

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