Khalid Mustafa

5 days ago | thenews.com.pk | Khalid Mustafa

ISLAMABAD: Under the IMF diktat, it is no longer possible for the government to enforce the present gas sale price with a shortfall in Sui gas companies from now onward. The government will increase the gas sale tariff under the 2022 amendment made in line with the directive of the Fund ensuring zero deficit to the Sui utilities in the preceding year.

6 days ago | thenews.com.pk | Khalid Mustafa

ISLAMABAD: Following unilateral suspension of Indus Waters Treaty (IWT) 1960, manipulation by India in water flows has touched a new high, as Pakistan first received water deluge of 110,000 cusecs in Chenab at Marala on May 29 at 10-11am and then braved a massive dip of 105,200 cusecs to 4,800 cusecs on May 30 at 1am. Pakistan Commission of Indus Waters (PCIW) is on alert and is monitoring the real-time data about water flows in Chenab River.

1 week ago | thenews.com.pk | Khalid Mustafa

ISLAMABAD: The price of petrol is likely to go down by Rs0.60 per litre and high speed diesel (HSD) by Rs0.28 per litre, industrial and official sources told The News on Thursday. However, chances are bright for keeping the POL [petrol, oil, lubricant] prices unchanged from June 1, 2025. This will be decided with input of the finance ministry. Nevertheless, the kerosene oil price may increase by Rs0.30 per litre to Rs164.96 from the existing Rs164.64 per litre.

1 week ago | thenews.com.pk | Khalid Mustafa

ISLAMABAD: The Attock Refinery Limited (ARL) has shut down its main crude distillation unit having the capacity to refine crude 32,400 barrels per day due to very low crude stock as most of the local gas fields in KPK have been closed down by the government to manage the inflow of imported gas, LNG. This was revealed by the ARL management here on Monday (May 27, 2025) to Pakistan Stock Exchange. “The unit will remain shut till June 1, 2025.

1 week ago | thenews.com.pk | Khalid Mustafa

ISLAMABAD: India, under its master plan to block the mighty Indus River’s flow that begins in Ladakh, a disputed territory under UN resolution, has unveiled plans for 10MW hydropower projects in Ladakh, including Achinthang-Sanjak, Parfila, Sunit (Batalik), and Khalsti. These projects not only violate the storage capacities allowed under the treaty but also raise grave concerns about the diversion and reduction of water flow into Pakistan.