Business
Diesel price slashed by Rs14 as petrol price remains unchanged
The government on Monday decreased the high-speed diesel (HSD) price by Rs14 and kept the petrol price unchanged for the fortnight ending December 31, owing to favourable international market prices.
In a late-night announcement, the Petroleum Division said the revision followed movements in international markets and recommendations from the Oil and Gas Regulatory Authority (Ogra).
According to the announcement, the ex-depot price of HSD has been reduced by Rs14 per litre (5pc) to Rs265.65 per litre for the current fortnight from Rs279.65 per litre. Most of the transport sector runs on HSD.
Its price is considered inflationary as it is mostly used in heavy transport vehicles, trains and agricultural engines like trucks, buses, tractors, tube-wells, threshers, and particularly adds to the prices of vegetables and other eatables.
Transporters had already increased their fares based on an approximate Rs27 per litre increase between May and August, and have not reversed them despite a Rs9 per litre cut.
The ex-depot petrol price was kept unchanged at Rs263.45 per litre. Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Although general sales tax (GST) is zero on all the petroleum products, the government is charging Rs78 per litre on diesel and Rs82 per litre on petrol and high octane products on account of petrol levy and an Rs2.50 per litre climate support levy (CSL).
The government is also charging about Rs16-17 per litre custom duty on petrol and HSD, irrespective of their local production or imports. In addition, about Rs17 per litre distribution and sale margins are going to oil companies and their dealers.
Petrol and HSD are the major revenue spinners with their monthly average sales of about 700,000 – 800,000 tonnes per month compared to just 10,000 tonnes of monthly demand for kerosene. The government recovered about Rs1.161 trillion through the petroleum levy alone in FY2025 and expects this to jump by about 27pc to Rs1.470 trillion during the current fiscal year.
Business
PM Shehbaz directs speedy power reforms
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday directed the relevant authorities to expedite the privatisation process of power distribution companies (Discos) and generation companies (Gencos).
Presiding over a meeting, the prime minister emphasised that the privatisation of the energy system, leading to the establishment of a competitive electricity market, was the sustainable solution to the country’s energy issues.
The prime minister was told expressions of interest (EoIs) for the privatisation three distribution companies — Islamabad Electric Supply Company (Iesco), Faisalabad Electric Supply Company (Fesco) and Gujranwala Electric Supply Company (Gepco) — will be invited soon.
To align the electricity system with modern requirements, the prime minister directed to initiate work on a Battery Energy Storage System through public-private partnerships.
The premier was also briefed on the progress of power sector roadmap, power generation, distribution, privatisation of Discos and Gencos and other reforms. The meeting was told that PC-I of the 500kV Ghazi Barotha-Faisalabad transmission line was at the approval stage.
Besides, the technical feasibility to shift the imported power plants to Thar Coal has been completed whereas work on the railway line to transport Thar coal to the power plants was also in progress.
Published in Dawn, December 16th, 2025
Business
Policy rate cut too meagre to address major challenges, industry leaders complain
Business
Centre asks provinces to ‘fully implement’ interim wheat policy
• Food minister says provinces must maintain strategic wheat reserves in line with population
• Senate panel informed strict monitoring prevented crop failures
• Lawmakers concerned over research gap, point out lack of efforts to boost donkey farming
ISLAMABAD: The federal government has asked provincial governments to fully implement the interim national wheat policy 2025-26 within their respective jurisdictions to safeguard the rights of wheat farmers and flour consumers.
The advice came at the conclusion of the first meeting of the National Wheat Oversight Committee formed under the interim wheat policy, chaired by Minister for National Food Security and Research Rana Tanveer Hussain, in Islamabad on Monday.
At the same time, the minister emphasised that all provincial governments must maintain strategic wheat reserves in accordance with their population requirements to ensure food security. It may be noted that the interim policy remains under wraps, but a few weeks ago, the government shared a new roadmap for wheat procurement.
In September this year, the federal government unveiled the ‘National Wheat Policy and Wheat Management Strategy’ for 2025-26 to serve as a long-term plan to ensure food security, safeguard farmers’ livelihoods, protect consumers and build resilience against market disruptions and climate-induced emergencies. At the time, the food minister had said the wheat policy would be finalised and adopted after comprehensive consultations with all stakeholders.
Food minister says provinces must maintain strategic wheat reserves in line with population
During the meeting on Monday, Mr Tanveer highlighted the strategic importance of wheat in meeting the country’s food requirements and emphasised the need for increasing wheat cultivation to ensure national food security. Detailed deliberations were held on the procurement mechanism for the upcoming wheat crop in line with the policy’s objectives.
He also stressed the importance of including the private sector in the wheat value chain to create new business opportunities and generate employment, particularly for the youth. The meeting was attended by provincial and regional secretaries of food and agriculture, along with senior officials from relevant departments.
Senators briefed on crop monitoring
Separately, the Senate Standing Committee on National Food Security and Research was informed on Monday that due to strict monitoring mechanisms, Pakistan did not face any major wheat or rice crop failure caused by diseases, such as yellow rust.
The committee reviewed the latest research undertaken by scientists at the Pakistan Agricultural Research Council and the National Agricultural Research Centre regarding newly evolved seed varieties and assessed the progress of the Green Pakistan Initiative (GPI), with particular emphasis on the livestock sector.
About 1,500 wheat lines and 500 rice lines are regularly monitored under the Crop Diseases Research Institute (CDRI) to prevent the spread of crop diseases under the mechanism developed by the Pakistan Agricultural Research Council and the National Agricultural Research Centre. The standing committee was briefed about these initiatives during its visit to the National Agriculture Research Centre (NARC).
At the research centre, the committee members were apprised of the functioning of various scientific laboratories and research institutions. A comprehensive briefing was given on the functions, mandate, and working of PARC and NARC.
The committee visited the NARC and received briefings on the functioning of various scientific laboratories and research institutions. During the visit to the Land Resource Research Institute, the committee was briefed on bio-fertilisers and training initiatives being undertaken by NARC to enable farmers to produce bio-fertilisers independently.
The committee appreciated the wheat and pulses speed breeding facilities but expressed concern over the widening research gap due to climate change. Committee Chairman Senator Syed Masroor Ahsan directed PARC to focus on promoting smart agricultural practices and developing climate-resilient seed varieties.
Emphasising the promotion of smart agriculture, fisheries development, and bridging the gap between research and farmers, the committee chairman directed the authorities to intensify efforts towards national development and economic strengthening through agricultural and livestock research and development. Mr Ahsan further stressed that each and every media source should be used to create awareness among the farmers so that they may benefit from the latest research.
The committee highlighted that although agriculture was a devolved subject after the 18th Amendment, effective coordination between the federation and provinces in the agriculture and livestock sectors was essential.
The committee also received a comprehensive briefing on the GPI, particularly focusing on the livestock sector. Members were briefed on initiatives, including animal tagging and the establishment of model animal markets. It was informed that Pakistan was the “third-largest milk producer” in the world.The committee raised questions regarding donkey farming initiatives for meat and skin exports and pointed out the lack of organised efforts to develop this sector.
Published in Dawn, December 16th, 2025
-
Tech2 weeks ago
Sendy Audio Introduces New Egret Planar Magnetic Headphones With Ultra-Thin Membrane
-
Entertainment2 weeks ago
Nadia Afgan on Working with Nauman Ijaz & Playing Characters Like Rubi
-
Business2 weeks ago
Kremlin says decline in India’s imports of Russian oil may be temporary
-
Tech2 weeks ago
Redmi Note 15 Series Global Specs and Prices Leak Ahead of Launch
-
Entertainment2 weeks ago
Kya Drama Hai Under Fire For Targeting Talha Chahour’s Punjabi Accent
-
Entertainment2 weeks ago
Rabeeca Khan Mother’s Bridal Looks On Daughter’s Wedding Ignite Backlash
-
Sports2 weeks ago
Australia’s Cummins, Inglis in frame for second Ashes Test
-
Entertainment2 weeks ago
Natasha Baig’s Take on Nadia Khan’s Downfall