January 18, 2024 -

Petroleum Division strongly denounces vilification campaign in media against SSGC Chairperson, Board of Directors

January 18, 2024January 18, 2024 Admin

This is about recent news items circulating in electronic, print and social media concerning Sui Southern Gas Company and its Board of Directors.The Petroleum Division condemns the malicious campaign against the SSGC, its chairperson and its board of directors.Dr. Shamshad Akhter along with the Board members has successfully led the organization since her initial appointment in 2019. Under her visionary…

OGRA DETERMINES RLNG PRICE

January 18, 2024January 18, 2024 Admin

Islamabad. The Oil and Gas Regulatory Authority (OGRA) in accordance with the Policy Guidelines of the Federal Government has determined the Regasified Liquified Natural Gas (RLNG) prices for sui companies with effective from January st, 2024 as under: The decrease in RLNG prices is due to decrease in DES price. The RLNG price notification for the month of January, 2023…

IT exports surge 23pc y/y to record $303m in December

January 18, 2024January 18, 2024 Admin

KARACHI: The Information technology (IT) exports surged to a record high of $303 million in December, up 17 percent month-on-month and 23 percent year-on-year, industry data showed on Wednesday. The IT exports in December were also higher than the last 12-month average of $222 million, reflecting the strong performance of the sector, brokerage Topline Securties said in a report. The…

Oil down over strong US dollar

January 18, 2024January 18, 2024 Admin

ANKARA – Oil prices dipped on Wednesday amid concerns over China’s economic growth and the strength of the US dollar. The international benchmark crude Brent traded at $77.68 per barrel at 0723 GMT, a 0.77% decrease from the closing price of $78.29 a barrel in the previous trading session on Tuesday. The American benchmark, West Texas Intermediate (WTI), traded at the…

330MW Thar coal-fired project: PPIB to conduct ICB for sale of power to KE sans GoP guarantee

January 18, 2024May 3, 2024 Admin

ISLAMABAD: Private Power and Infrastructure Board (PPIB) has decided to conduct International Competitive Bidding (ICB) for an Independent Auction Administrator (IAA) for the 330 MW Thar coal power project for sale of electricity to K-Electric (KE) as a private power purchaser without GoP guarantee, official sources told Business Recorder. Sharing the details, sources said, M/s Siddiqsons Energy Limited (SEL), the developer…

Pakistan launches military strikes inside Iran in response to bombing

January 18, 2024January 18, 2024 Admin

In early hours of 18 January 2024, Pakistan carried out effective strikes against hideouts inside Iran used by terrorists responsible for recent attacks in Pakistan. The precision strikes were carried out using killer drones, rockets, loitering munitions and stand-off weapons. Maximum care was taken to avoid collateral damage. Hideouts used by terrorist organisations namely Balochistan Liberation Army and Balochistan Liberation…