Pakistan’s top refiner Cnergyico to boost fuel oil exports as domestic sales plummet

The picture downloaded on September 11, 2025, shows one of Cnergyico refineries in Pakistan. (Cnergyico/website)
The picture downloaded on September 11, 2025, shows one of Cnergyico refineries in Pakistan. (Cnergyico/website)
Short Url
Updated 11 September 2025

Pakistan’s top refiner Cnergyico to boost fuel oil exports as domestic sales plummet

Pakistan’s top refiner Cnergyico to boost fuel oil exports as domestic sales plummet
  • Company recently made Pakistan’s first purchase of low-sulfur US crude to cut high-sulfur fuel oil output
  • Pakistan’s fuel-oil power generation has declined with lower demand amid rising solar and nuclear output

SINGAPORE: Pakistan’s largest refiner Cnergyico expects to boost fuel oil exports by 35 percent to 40 percent during the fiscal year ending June 2026 as high taxes have cut into domestic sales, its vice chairman said.

Pakistan levied additional taxes of about 40 percent on domestic sales of fuel oil in June, on top of a consumption tax of 18 percent, effectively shutting its refiners out of the domestic market.

The company has exported 80,000 tons, or 95 percent of its production, from July to date, versus 55 percent in the last fiscal year that ended in June, Usama Qureshi told Reuters on the sidelines of the APPEC conference.

Sales of fuel oil, mainly used by ships, typically make up 10 percent to 15 percent of the refiner’s annual revenue.

Cnergyico exported 247,000 metric tons (1.57 million barrels) in the fiscal year ended June, and an increase of 35 percent to 40 percent would boost annual exports to 333,000 tons to 346,000 tons.

Pakistan’s fuel oil exports jumped to an all-time high of 242,000 tons in August, data from analytics firm Kpler showed.

Cnergyico is upgrading its refinery complex to reduce fuel oil production and boost fuel sales to the domestic market, in line with Pakistan’s policy guidelines to upgrade refineries to produce cleaner fuels, Qureshi said in an interview.

“We will be importing more sweet crude and upgrading the refinery to produce cleaner diesel and gasoline, and also plan to set up fuel oil cracking facilities to boost gasoline production,” Qureshi added.

Cnergyico mainly imports so-called sour crude, with high sulfur content, from the Middle East, and booked Pakistan’s first-ever purchase of US crude last month.

US crude grades typically contain low levels of sulfur, and produce less fuel oil when refined.

Domestic sales of fuel oil are typically more profitable, while export revenue depends on fuel oil cracks, Qureshi said.

The company sold fuel oil to traders who exported it to destinations such as southern Europe, Singapore and the United Arab Emirates.

Pakistan has a significant fuel oil-based power generation capacity, but utilization has plunged this decade, due to lower power demand, higher solar adoption and increased generation from other clean energy sources such as nuclear.


Pakistan’s army chief declares zero tolerance for cross-border militancy from Afghanistan

Pakistan’s army chief declares zero tolerance for cross-border militancy from Afghanistan
Updated 6 sec ago

Pakistan’s army chief declares zero tolerance for cross-border militancy from Afghanistan

Pakistan’s army chief declares zero tolerance for cross-border militancy from Afghanistan
  • Field Marshal Asim Munir meets tribal elders in Peshawar, praises support during Pakistan’s recent standoff with Afghanistan
  • The army chief says Pakistan has exercised patience and made diplomatic overtures to Kabul despite continued militant attacks

ISLAMABAD: Pakistan’s army chief Field Marshal Asim Munir warned on Thursday his country would not tolerate cross-border militancy from Afghanistan, accusing the Taliban administration in Kabul of supporting armed factions targeting Pakistani civilians and security forces, as tensions continue to mount between the two countries.

Pakistan and Afghanistan are currently negotiating with each other in Istanbul, in a process mediated by Türkiye and Qatar, following deadly border clashes earlier this month that left dozens dead and triggered the worst fighting between the two neighbors since the Taliban’s return to power in 202. Addressing the Jirga, the COAS appreciated the steadfast and unconditional support rendered by the tribal people to the security forces during the recent standoff between Pakistan and Afghan Taliban.

Munir’s remarks came during a visit to Peshawar, where he met tribal elders and received a briefing on the security situation and counterterrorism operations along the Pak-Afghan border.

While addressing a gathering of tribal elders, he applauded them for “steadfast and unconditional support” during Pakistan’s recent standoff with Afghanistan.

“Pakistan seeks peace with all neighbors, including Afghanistan, but will not allow cross-border terrorism to be perpetrated from Afghan soil against Pakistan,” he said, according to a statement issued by the military’s media wing, Inter-Services Public Relations.

The army chief pointed out that despite the cross-border militancy, Pakistan had exercised patience and extended multiple diplomatic and economic overtures to Afghanistan over the years while trying to improve bilateral relations.

However, he added, that instead of acting decisively against “Indian sponsored terror proxies” of the Tehreek-e-Taliban Pakistan (TTP) and Baloch Liberation Army (BLA), the Afghan Taliban had been providing all possible assistance to these groups.

Islamabad has long blamed India for backing these anti-Pakistan militant factions, though New Delhi denies the charge.

Munir assured the Tribal elders that Pakistan, particularly the northwestern Khyber Pakhtunkhwa (KP) province, “will be cleansed of the terrorists and their abettors.”

The statement said the tribal elders also reaffirmed their commitment to peace and said extremist ideologies had no place among the border communities in KP.


Pakistan PM orders forensic audit after sales-tax fraud in revenue system

Pakistan PM orders forensic audit after sales-tax fraud in revenue system
Updated 48 min 39 sec ago

Pakistan PM orders forensic audit after sales-tax fraud in revenue system

Pakistan PM orders forensic audit after sales-tax fraud in revenue system
  • The fraud, which began in 2018-19, has been blamed on outdated automation and weak data protection
  • New digital safeguards have been introduced to track data changes and prevent manipulation at the FBR

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday ordered a forensic audit and fresh investigations into a multibillion-rupee sales-tax fraud linked to the Federal Board of Revenue’s (FBR) automation system, directing officials to identify those involved and report within three weeks.

According to the Prime Minister’s Office, a fact-finding committee had been formed to investigate a large-scale sales-tax fraud that began in 2018-19.

The committee concluded the fraud was made possible due to Pakistan Revenue Automation Limited’s (PRAL) outdated digital infrastructure, lack of monitoring and inadequate database protection, which enabled manipulation of tax records.

“A forensic audit of PRAL’s system must be conducted by an international consultancy firm,” the prime minister said while chairing a meeting.

He directed investigations to identify the institutions, companies and individuals involved in the fraud.

“The investigative committee will present its report within three weeks, after which strict legal action will be taken against those found responsible,” the statement from Sharif’s office said.

During the meeting on tax reforms, the prime minister was briefed on new digital safeguards introduced to prevent manipulation of FBR data, including an audit vault, database protection wall, and real-time monitoring system capable of logging every IP address involved in data changes.

The statement said the meeting was also told that Pakistan’s case study on tax reforms had recently been highlighted at the World Bank’s annual conference in Washington, where it was commended as part of global efforts toward transparent revenue administration.

The prime minister maintained the ongoing reforms at the FBR would make tax evasion “virtually impossible” under the upgraded digital system while reaffirming his government’s commitment to strengthening transparency and accountability within the country’s tax administration.


Balochistan CM says over 500 militants killed as province builds police capacity to counter violence

Balochistan CM says over 500 militants killed as province builds police capacity to counter violence
Updated 30 October 2025

Balochistan CM says over 500 militants killed as province builds police capacity to counter violence

Balochistan CM says over 500 militants killed as province builds police capacity to counter violence
  • Sarfaraz Bugti says his government consolidating counterterrorism, rapid-response units under a unified police structure
  • The chief minister stresses community-based intelligence, local policing to restore peace in the insurgency-hit province

ISLAMABAD: Balochistan Chief Minister Mir Sarfaraz Bugti on Thursday announced new capacity-building measures for the provincial police and said more than 500 militants had been killed this year amid escalating violence in Pakistan’s restive southwest.

Balochistan, Pakistan’s largest but poorest province, has long been plagued by an insurgency that has intensified in recent months, with separatist militants increasingly targeting security personnel, government officials, infrastructure and non-local residents.

The province is strategically significant for its vast mineral wealth and as a transit hub for the multibillion-dollar China-Pakistan Economic Corridor (CPEC), with groups like the Baloch Liberation Army (BLA) demanding independence while accusing the central government of exploiting local resources, a charge Islamabad denies.

“We are strengthening our intelligence, we are strengthening our leadership, and the day will come that the police will stand on their feet,” Bugti said during a news conference in Quetta.

He said the province was consolidating specialized counterterrorism and rapid-response units under a unified police structure, while members of the paramilitary Levies Force who opt not to transfer to the police would be offered voluntary retirement with benefits.

The chief minister also noted the government was working to revive police morale through revised pay packages and new welfare measures for the families of officers killed in the line of duty.

He said the provincial government was relying on merit-based recruitment to further strengthen the force.

“There will be no political pressures on you, there will be no political influence on you,” Bugti said while referring to the police. “But the results should be that people should feel the difference: that people should go toward peace, people should go toward brotherhood from the police.”

He acknowledged that Pakistani security forces were suffering losses in the province, though he added that so were the militants.

“On a daily basis, four to five hardcore terrorists are being killed everywhere,” he said. “And this year, only this year, more than 500 terrorists have been killed in Balochistan.”

Bugti said local policing and community-based intelligence would be key to restoring security in the province.

“We will cut our stomachs and fulfill your resources,” he added. “Because the thing that Balochistan needs the most right now is peace. And if there is peace, there will be development and other things as well.”


Iran Air launches weekly flight to Quetta in southwest Pakistan

Iran Air launches weekly flight to Quetta in southwest Pakistan
Updated 30 October 2025

Iran Air launches weekly flight to Quetta in southwest Pakistan

Iran Air launches weekly flight to Quetta in southwest Pakistan
  • New service is expected to boost trade, tourism and pilgrimage travel
  • Iran Air flight 826 completed its inaugural journey on Wednesday night

KARACHI: Iran Air, the national flag carrier of Iran, completed its inaugural flight to Pakistan’s southwestern city of Quetta on Oct. 29, the Pakistan Airports Authority (PAA) said, marking the airline’s first direct connection between Mashhad and the Balochistan capital.

The airline will now operate one flight every Wednesday on the Mashhad–Zahedan–Quetta route, with the service expected to strengthen air connectivity and boost trade and tourism between the two neighboring countries.

“Iran Air flight 826 will now operate once weekly every Wednesday, arriving in Quetta at 9:30pm,” the PAA said in a statement on Thursday.

Balochistan Governor Jaffar Khan Mandokhel was the chief guest at the inaugural ceremony, which was also attended by Iran’s Consul General Ali Reza Rajaei and other dignitaries. The national anthems of both countries were played on the occasion.

The launch of Iran Air’s Quetta flight is expected to greatly facilitate travel for Shia pilgrims from Balochistan, who frequently visit Iranian cities of Mashhad and Qom.

The new air service will offer a safer, faster and more convenient alternative to the long and often challenging road journey through border crossings on buses, which have at times been targeted by separatist militants.


Teenage Australian cricketer dies after being hit by ball

Teenage Australian cricketer dies after being hit by ball
Updated 30 October 2025

Teenage Australian cricketer dies after being hit by ball

Teenage Australian cricketer dies after being hit by ball
  • Ben Austin was in nets with helmet on when he was hit on neck by ball-throwing device
  • Teenager was not wearing a stem guard, which protects the neck, says media report

MELBOURNE, Australia: A promising 17-year-old Australian cricketer died on Thursday after being struck by a ball, with his family saying they were “utterly devastated.”

Ben Austin was in the nets with a helmet on before a Twenty20 game in Melbourne on Tuesday when he was hit in the neck while facing a ball-throwing device.

He was rushed to hospital in critical condition.

“We are utterly devastated by the passing of our beautiful Ben, who died earlier on Thursday morning,” his father Jace Austin said in a statement.

“This tragedy has taken Ben from us, but we find some comfort that he was doing something he did for so many summers — going down to the nets with mates to play cricket.

The teenager was not wearing a stem guard, which protects the neck, ABC News said, citing cricket authorities.

Austin was an emerging bowler and batter, considered by his Ferntree Gully Cricket Club as a “star cricketer, great leader and an awesome young man.”

Players from both teams wore black arm bands for the Women’s World Cup semifinal on Thursday between Australia and hosts India.

Deaths in cricket are rare.

The most recent high-profile one in Australia came in 2014, when Test star Phillip Hughes was killed when hit in the neck by a rising ball during a domestic Sheffield Shield game.

His death stunned Australia and the world cricket community, sparking an outpouring of grief and ushering in stronger protocols around concussion and better safety equipment.

Cricket Victoria chief Nick Cummins told ABC there were similarities between the two tragedies.

“The ball hit him in the neck in a similar accident that Phil Hughes suffered 10 years ago,” Cummins said.

Cricket Australia chair Mike Baird said his heart “was broken” and lessons needed to be learned.

“Clearly there are things we have to learn from this,” Baird told reporters. “But right now we are concerned about the family and trying to support them in every way.”