ISLAMABAD: The Minister of Planning, Development and Special Initiatives reviewed progress on the Integrated Energy Planning (IEP) project for sustainable development and termed it would help in tackling the energy crisis in the country. The Caretaker Minister for Planning, Development and Special Initiatives, Muhammad Sami Saeed, on Thursday, chaired a meeting to progress on the Integrated Energy Planning (IEP) project.…
Read MoreDay: December 1, 2023
FCCL commissions Greenfield Cement Plant at DG Khan
ISLAMABAD: Fauji Cement Company Limited (FCCL) has successfully commissioned its Greenfield Cement Manufacturing Plant on Thursday, having production capacity of 6,500 tons per day of clinker at Shadan Lund, District Dera Ghazi Khan. With commencement of operation of new line, the total cement production capacity of the company has increased to 10.6 million tons per annum and establishes Fauji Cement…
Read MoreBids publicly opened for petroleum exploration in 10 onshore blocks
The Bid Opening Committee under the chairmanship of DGPC publicly opened bids for 10 Onshore Blocks for the grant of Petroleum Exploration Rights on November 30, 2023, at Petroleum House, Islamabad. Bids were received for 6 Blocks. The highest bidder for 2 Blocks is UEP (100%). POL ( 40% – operator) with JV partners PPL (30%) & OGDCL (30%) in…
Read MoreCOP28 opens with historic launch of loss and damage fund
DUBAI: Nearly 200 nations agreed Thursday to launch a fund to support countries hit by global warming, in a “historic” moment at the start of UN climate talks in the oil-rich UAE. The landmark announcement came as the Emirati host of the COP28 talks declared that fossil fuels must be part of any final climate deal negotiated over the next…
Read MoreKarachi industrialists announce shutdown on December 4
• Ask govt to take back unprecedented hike in gas tariffs• Production suspension to cause $47m per day export loss KARACHI: Industrialists in the economic nerve centre of Pakistan have announced a complete production shutdown on Monday (Dec 4) to force the caretaker government to reverse the unprecedented hikes in the gas tariffs. They estimate a per day export loss of $47…
Read MoreLPG prices go up by Rs45.18 per cylinder for December
ISLAMABAD: The caretaker government on Wednesday raised the prices of liquefied petroleum gas (LPG) by Rs3.83 per kilogram for commercial and domestic consumers for December, citing a rise in the average dollar exchange rate. The Oil and Gas Regulatory Authority (OGRA) said in a notification that the LPG prices increased to Rs254.86 per kg from Rs251.03 in November, affecting various…
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