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Articles for tag: dispute, fuel, held, looms, nationwide, Oil, shipments, shortage, Tax

October 21, 2025

News Desk

A nationwide fuel shortage looms as oil shipments are held up by a tax dispute

A large number of oil tankers are parked near Shireen Jinnah Colony in Karachi. — Online/Archive Oil cargoes remain stranded at Karachi ports. Five large petrol and diesel vessels are awaiting clearance. Sindh restores 100% IDC bank guarantee requirement. Pakistan faces the risk of nationwide fuel shortages as many oil cargoes remain stuck at ports following the Sindh government’s decision to reinstate the 100% bank guarantee requirement under the Sindh Infrastructure Development Certificate (IDC). The oil industry has warned that the move could disrupt the country’s fuel supply chain within days if the issue is not resolved promptly, The News

October 18, 2025

News Desk

Pakistan asks Qatar to divert 2026 LNG shipments amid oversupply concerns

A liquefied natural gas (LNG) tanker is towed to a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. — Reuters Pakistan currently imports 9 LNG cargoes from Qatar every month. Islamabad wants Qatar to sell 24 contracted LNG cargoes. The government is already diverting 1 cargo of ENI per month to the international market. Pakistan has urged Qatar to divert 24 of its contracted liquefied natural gas (LNG) cargoes to the international market in 2026 amid declining domestic demand and an oversupply of natural gas in the country, The News reported on Saturday. The move comes

Cement shipments fall in April, exports rise

LAHORE: Cement shipments declined slightly in April 2024, with total shipments at 2.943 million tonnes (MT) compared to 2.951 tonnes in April last fiscal. According to data released by the Pakistan Cement Manufacturers Association (APCMA), local shipments in April 2024 were 2,328 tonnes, down from 2,531 tonnes in April 2023, a decline of 7.99%. However, exports increased by 45.96%, rising from 420,857 tonnes in April 2023 to 614,264 tonnes in April 2024. In April 2024, North-based mills shipped 2,088 tons of cement, down 4.79% from April 2023’s 2,193 tons. On the other hand, South-based mills shipped 854,911 tons, up 12.71

April 15, 2024

News Desk

Samsung Beats Apple as iPhone Shipments Decline

Samsung is the new flagship phone maker. — Reuters/File Tech giant Apple lost its spot as the top phone maker to Samsung after a significant drop in smartphone shipments in the first quarter of 2024, data from research firm International Data Corporation (IDC) showed on Sunday. The company recorded a 10% drop in iPhone shipments as a result of intensified competition from Android smartphone makers. According Business Insiderglobal smartphone shipments rose 7.8% to 289.4 million units in January-March, and with South Korea’s Samsung having a 20.8% market share, it was clear which company was the new top phone maker. Apple’s

March 27, 2024

News Desk

Local cement shipments likely to grow by 10-14%

LAHORE: Local cement shipments across Pakistan are forecast to increase by 10% to 14% for March 2024. Total shipments are expected to reach around 3.20 million tonnes month-on-month (MoM), with a forecast decline of 3% in 7 % on a year-over-year (YoY) basis. In February 2024, cement sales remained low, mainly due to the election month, during which every sector anxiously awaited the election process and its results. Local cement shipments in February 2024 were 2.86 million tonnes compared to the five-year average of February shipments of 3.61 million tonnes. Based on these sales figures, average daily domestic sales for

March 5, 2024

News Desk

19.22% drop in cement shipments

PHOTO: FILE LAHORE: In February 2024, the cement industry saw a significant decline of 19.22%, with total shipments coming in at 3.259 million tonnes (MT), as against 4.035 MT in the same month of the previous fiscal year. This downturn, as reported by the Pakistan Cement Manufacturers Association, reflects a marked contraction in both local and export markets. Local cement shipments in February 2024 stood at 2,863 tonnes, a significant decline of 20.23% from February 2023. Similarly, exports fell by 11.02%, with volumes falling from 444,962 tonnes in February 2023 to 322 tons in February, to 320 tons. Northern-based cement

February 25, 2024

News Desk

Ford Stops Shipments of New Lightning Electric Vehicles

BENGALURU: Ford Motor Co. said Friday it has halted shipments of all 2024 model year F-150 Lightning electric trucks so it can conduct quality checks on an unspecified issue. The No. 2 U.S. automaker said shipping began on Feb. 9. He did not say when shipments that had begun in January of the EV truck were expected to resume. A spokesman declined to say which quality issue is being investigated. Ford also said this week it began shipping the first redesigned 2024 model year F-150 natural gas pickups to dealers. Ford said it expects to “increase shipments in the coming

February 3, 2024

News Desk

Cement shipments down 14.79% in January

LAHORE: In an alarming trend, cement shipments registered a significant decline of 14.79% in January 2024, with total shipments reaching 3.414 million tonnes (MT), from 4.006 tonnes in the same period of the previous fiscal year. Data from the All Pakistan Cement Manufacturers Association revealed that local cement shipments in January 2024 stood at 2,967 tonnes, showing a significant decline of 17.30% compared to 3,588 tonnes in January 2023. However, export shipments registered an increase of 6.82 %, increasing from 478 tonnes in January 2023 to 446,595 tonnes in January 2024. Breaking down the geographical contributions, North-based cement plants shipped

November 5, 2023

News Desk

5.78% decrease in cement shipments in October

LAHORE: Cement shipments in October 2023 showed a decline of 5.78%, with total shipments amounting to 4.007 million tonnes, compared to 4.253 million tonnes in the same month of the previous fiscal year. Data released by the Pakistan Cement Manufacturers Association revealed that local cement shipments in October 2023 were 3.292 million tonnes, down 15.38% from 3.890 million tonnes in October 2022. On the other hand, export shipments increased by 97.33%, increasing from 3502 tonnes in October 2022 to 715,028 tonnes in October 2023. Northern-based cement plants shipped 2.903 million tons of cement in October 2023, down 11.35 percent from

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