The National Electric Power Regulatory Authority (NEPRA) has increased the electricity tariff by Rs 2.36 per unit under the Monthly Fuel Charge Adjustment (FCA), increasing the financial burden on electricity consumers.

According to NEPRA’s notification, the price increase has been made due to fuel cost adjustment in September 2026. The adjustment reflects the difference between the actual cost of fuel used to generate electricity and the previously determined baseline fuel cost.

As per the decision, electricity consumers will be charged an additional fee of Rs 2.3673 per unit on their bills as per the applicable FCA mechanism. The adjustment will be reflected in energy bills for November 2026.

Pakistan’s trade deficit increased by about 16% to $14.6 billion in the first four months of the current fiscal year (July-October) compared to $12.6 billion in the same period last year.

According to a document released by Pakistan Bureau of Statistics (PBS), the trade deficit in October 2026 also expanded by 19.7% compared to the same month last year. On a monthly basis, it increased by 10.3% compared to September.

According to the data, Pakistan’s exports increased by 2.2% in October compared to the same month last year, while imports increased by about 12%. In October, the country’s total exports amounted to $2.93 billion and imports amounted to $6.8 billion, resulting in a monthly trade deficit of $3.87 billion.

Compared to September 2026, exports in October increased only by 0.2%. However, the country’s trade deficit widened further due to a significant increase in imports.

Federal Minister of Petroleum Ali Pervaiz Malik chaired a high-level meeting to review preparations and arrangements for the arrival of Turkish Petroleum Offshore Company (TPOC) seismic vessel in Pakistan.

The ship is scheduled to arrive in Karachi between November 17 and 20, 2026, marking the revival of Pakistan’s ocean exploration activities after nearly 20 years. The minister termed the event a special milestone in Pakistan-Turkey relations, especially after the signing of the Mecca Accord. He said the ship’s arrival represents the beginning of a new chapter in the long-standing friendship and cooperation between the two brotherly countries. “This is a special moment for Pakistan-Turkey friendship. I will personally try to receive the ship once it reaches Karachi,” the federal minister said.

Federal Minister Ali Pervaiz Malik emphasized that the government was fully committed to facilitating the offshore exploration initiative and ensuring all necessary arrangements for the successful commencement of operations. He assured the Turkish delegation of Pakistan’s full support, stating that both countries would work together to achieve a landmark success that would be remembered for generations to come. The Minister of Petroleum also expressed excitement over the upcoming arrival, saying that the Ministry of Petroleum is looking forward to welcoming the vessel to Pakistan. He emphasized the importance of coordination among all relevant departments and stakeholders to ensure smooth functioning. The TPOC project manager thanked Pakistan for its support and cooperation and expressed confidence in the project. He said the group has received encouraging support from the Pakistani authorities and is looking forward to successful exploration. The meeting reviewed operational, logistical, maritime, security and interagency arrangements for the ship’s arrival and the launch of an offshore exploration campaign aimed at strengthening Pakistan’s energy security. Concerned departments have been directed to maintain close coordination to ensure timely assistance. The meeting was attended by TPOC Project Manager, Secretary Petroleum, Additional Secretary Petroleum, CEO Oil Concessions, Managing Directors of OGDCL, PPL and GHPL and representatives of Ministry of Foreign Affairs, National Hydrographic Authority of Pakistan (NAVAREA IX), Karachi, Ministry of Maritime Affairs, Ministry of Defence, Ministry of Interior, Board of Investment and Directorate General of Ports and Shipping of Karachi.

The arrival of the Turkish seismic vessel marks an important step towards strengthening Pakistan’s offshore exploration activities and strengthening bilateral energy cooperation between Pakistan and Turkey.