ISLAMABAD, December 08, 2023: As a result of the aggressive exploration strategy, the Oil & Gas Development Company Limited (OGDCL) has successfully discovered gas and condensate at Dars West Well #02, located in the Tando Allah Yar district of Sindh province.The exploratory efforts at Dars West Well #02, part of the Dars West Development and Production Lease Joint Venture, were…
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The suggested hike could raise the security deposit for RLNG consumers to Rs50,000, up from the current Rs15,000 for those using over 1.67 cubic meters of gas per month ISLAMABAD: The Sui Northern Gas Company Limited (SNGPL) has requested a significant security deposit increase for domestic gas consumers in a proposal submitted to the Oil and Gas Regulatory Authority (Ogra).…
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ISLAMABAD: Chief Executive Officer (CEO), Jamshoro Power Company Limited (JPCL) has asked Power Division to take informed decision on conversion of plant from imported coal to Thar coal with specific consideration on environmental impacts, and financial close of the conversion option. CEO, JPCL, Tanzil Rahim, in a letter to Power Division stated that he has been directed and authorized by…
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) conducted a public hearing to deliberate the grant of concurrence application submitted by Korean firm M/s LSG Hydro Power Limited. The company is seeking NEPRA’s approval for the concurrence and compliance of technical standards for the Lower Spat Gah Hydro Power Project, along with proposing the determination of the power purchaser at…
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KARACHI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday, reiterating the government’s commitment to provide a conducive environment and streamlining regulations, urged the local business community to take advantage of the Special Investment Facilitation Council (SIFC). The prime minister, addressing the ceremony for distribution of Pakistan Stock Exchange (PSX) Awards to top 25 companies of the country for the year 2022,…
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With this achievement, Fatima Fertilizer continues to lead the way in agricultural progress With its innovative “Salam Kissan” campaign, Fatima Fertilizer has once again earned international acclaim and won the prestigious Drum Award 2023 in London, in the category, “Social Purpose: Social Media ”. With the slogan “Life without Kissan (Farmers),” the campaign aimed to illustrate the reality of a world without…
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Finance ministry terms proposal in violation of SIFC decision ISLAMABAD: The finance ministry has not supported an official proposal to appoint senior armed forces officers as heads of new Performance Management Units (PMUs) in the rotten power distribution companies to improve their management. But the finance ministry backed the original decision of the Special Investment Facilitation Council (SIFC) to give…
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RAWALPINDI: Sui Northern Gas Pipeline’s (SNGPL) task force continued the crackdown on gas theft in Islamabad and discovered a 1500-metre-long illegal gas pipeline from Japan Road village, Kangota Syedan. A spokesman for the SNGPL said on Thursday that the Federal Investigation Agency (FIA) has started legal proceedings against those involved in the laying of illegal gas networks. While sharing the…
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In a recent report by Bloomberg economist Ankur Shukla, Pakistan’s economic landscape is poised for recovery, projecting a growth of 2.1 percent in the fiscal year and a significant acceleration to 4.8 percent in fiscal 2025. Several factors contribute to this optimistic outlook, including the approval of a $700 million loan tranche from the International Monetary Fund (IMF) in November,…
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ISLAMABAD, December 07, 2023: In a significant stride towards sustainable energy practices, Pakistan’s leading Exploration and Production (E&P) companies, OGDCL, PPL, and GHPL, joined forces for environmental responsibility. At the United Nations Climate Change Conference (COP28) held in Dubai, these E&P companies participated actively in the conference and exhibition, engaging with global stakeholders at the Pakistan Pavilion.During the conference, OGDCL,…
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