• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Sunday, July 12, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • FIFA World Cup
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

APP

FCC suspends order for subsidy payment to private petroleum company

Published on: May 22, 2026 7:03 AM

The Federal Constitutional Court of Pakistan has suspended a decision by the Sindh High Court regarding subsidies granted to private companies during the petroleum crisis, admitting the federal government’s appeal for a hearing.

A two-member bench, comprising Chief Justice Aminuddin Khan and Justice Ali Baqar Najafi, heard the case on Thursday. During the proceedings, the court issued notices to the involved parties and summoned the complete record of both cases from the Sindh High Court. The court was informed that the Sindh High Court had previously ordered the payment of billions of rupees in subsidies to a private firm, Go Petroleum, within one week. Additionally, in a separate related case, the High Court had restrained the Federal Investigation Agency (FIA) from taking action on the matter.

According to the federal government, a decision was made to provide subsidies to petroleum companies to bridge the price differential during the national petroleum crisis. However, the private company subsequently filed a claim seeking approximately 14 billion rupees in subsidies from the government. In response, the government directed the FIA to launch an investigation to verify the sales data and the legitimacy of the claims.

Following the arguments presented, the Constitutional Court suspended the implementation of the High Court’s order and adjourned the hearing indefinitely.

Filed Under: Business

Submit a Comment




Primary Sidebar




Latest News

Gold prices rise by Rs 1,100 per tola

BESS key to Pakistan’s energy transition, grid stability: Leghari

Measures being taken to achieve cotton production targets: agri secretary

Tanveer vows action against hoarding of wheat

Ambassador Hashmi inaugurates national pavilion at Lanzhou trade fair

Pakistan

Iran warns it won’t be bound by deal if US violations continue

Over 100 killed as forces unleash wrath on terrorists in Balochistan

Quetta split into two districts as part of administrative overhaul

Pakistan, Saudi Arabia urge restraint amid renewed US-Iran tensions

Two-day OIC ministerial conference on women begins in Islamabad today

More Posts from this Category

Business

NDMA calls for vigilance amid monsoon flood and landslide risks

SECP enables digital IBAN-based verification

Solar Infrastructure Deployment Programme launched

Petrol, diesel prices rise by Rs13

Digital assets, Sharia status discussed in meeting

More Posts from this Category

World

Trump says US will ‘completely decimate’ Iran if assassinated

Israeli forces move into eastern outskirts of Lebanon’s Beit Yahoun

King Charles hosts Prince Harry, family for first time in years

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}