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Year: 2023

Longi’s Grand Reopening Celebration in Lahore Marks a Milestone for Clean Energy Advancement in Pakistan

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Lahore, Pakistan – In a dazzling celebration that captured the essence of innovation and sustainable development, Longi’s Distributed Middle East-Africa Regional Office-Central Asia Representative Office in Lahore, Pakistan, celebrated its grand reopening on November 12, 2023. The event garnered widespread media attention, showcasing the company’s commitment to advancing the clean energy sector in the region. The ribbon-cutting ceremony, attended by…

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Net-zero emissions: Corporations urged to prioritise transparency in commitments

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Corporate-Sector

KARACHI: Industrialists, researchers, academia, and civil society activists came together at the “Champions of Change: A Dialogue with the Private Sector” conference in Karachi on Wednesday, urging corporations to prioritise transparency and accountability in their commitment to achieving net-zero emissions. The discussions centered on the severe impacts of emissions on Pakistan’s health, lives, and environment. The conference paved the way…

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BQATI opposes hike in gas tariffs

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Gas-tariff

KARACHI: Bin Qasim Association of Trade and Industry (BQATI) has protested against the massive hike in industrial gas tariffs. In a general body meeting held at the BQATI Secretariat here the other day, the association decided that, in addition to demonstrations, no export days would be observed unless the government pays serious attention to Karachi’s industries and reconsiders the decision…

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Govt allows LPG imports without inviting bids

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LPG-tankers

Exempts LPG firm from procurement rules to avert gas crisis in winter ISLAMABAD: Despite facing criticism last year, the government is once again relying on liquefied petroleum gas (LPG) imports to address the emerging gas crisis. It has permitted a subsidiary of Sui Southern Gas Company (SSGC) to bring gas without inviting bids. Last year, the Pakistan Democratic Movement (PDM)…

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$10b Saudi investment to arrive soon

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Saudi-investment

Financing will go to oil refinery to be set up by Aramco either in Hub or Gwadar KARACHI, PAKISTAN: Caretaker Federal Minister for Energy, Power and Petroleum Mohammad Ali has said that Pakistan is actively engaged with Saudi Arabia for potential investment of around $10 billion in the oil refining sector, believing their efforts will bear fruit in a couple…

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‘Obsolete KE plants cost Karachiites Rs3-5 extra per unit’

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KCCI-Import

KARACHI: Sindh Commerce Minister Muhammad Younus Dagha has said the Karachiites pay at least Rs3 to Rs5 per unit extra to K-Electric on account of fuel cost adjustment (FCA) every month as compared to other distribution companies (Discos) because of KE’s obsolete power generation plants which need to be unbundled. “The electricity supply system stands completely unbundled across Pakistan where…

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OGRA clarifies Brownfield Refinery Policy

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OGRA

Islamabad. Apropos news items appearing in the press regarding ‘Brownfield Refinery Policy’ it is being clarified that numerous meetings have been held between Oil and Gas Regulatory Authority (OGRA), refineries and the representatives of Ministry of Energy, Petroleum Division. The Brownfield Refinery Policy required to be signed enabling the existing refineries to proceed with their projects to upgrade to produce…

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OGDCL, KUFPEC partner to explore joint business opportunities and expertise sharing

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KUFPEC

A senior level delegation from Kuwait Foreign Petroleum Exploration Company (KUFPEC), Kuwait, led by Mr. Tareq M. Ebrahim (EVP – Operations) and including Mr. Ali Taha Al-Temimi (Country Head – KUFPEC, Pakistan), Mr. Bader Al-Matar (Manager Asia Region), Mr. Nawwaf AlSalem (Manager Exploration), Mr. Khaled Al-Athainah (Manager Exploration, Pakistan) and Mr. Abdul Ghafoor (Sr. Specialist Geologist, Pakistan), visited OGDCL Head office…

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THE FUTURE SUMMIT 7th Edition-Discussing Challenges, Exploring Opportunities

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future-summit

Karachi, November 15, 2023: The 7th Edition of THE FUTURE SUMMIT (TFS) commenced with a full house at a local hotel in Karachi.THE FUTURE SUMMIT is co-hosted by Nutshell Group and HBL, and powered by Unity Foods Limited, in strategic partnership with the Overseas Investors Chamber of Commerce and Industry (OICCI) and CORPORATE PAKISTAN GROUP.The inaugural session showcased an impressive…

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Younus Dagha for providing gas at cost to industries, ending cross-subsidization

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younus-dagha

KARACHI: Provincial Minister for Revenue, Industries and Commerce Muhammad Younus Dagha has said that worldwide gas tariff for industries is subsidized while the residential consumers are subjected to higher cost but unfortunately, in Pakistan, the industries are subsidizing all other sectors which is purely against international best practices.“Structural changes in consultation with business community are needed to rectify all issues…

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