You are here

Month: February 2024

ISPR greets nation on peaceful conduct of 2024 general elections, praises armed forces in maintaining peace in polls

Admin
General-Election

Rawalpindi, 8 February 2024: We extend heartfelt congratulations to the nation on the generally peaceful and violence-free conduct of the general elections. The armed forces alongside other Law Enforcement Agencies are proud to have played a pivotal role in providing security during the conduct of the sacred electoral process, in aid of civil power, and in accordance with the constitution…

Read More

Pakistan Election 2024: Will party manifestos be climate-friendly only on paper?

Admin
Pak-Election

Ahead of tomorrow’s (Thursday, February 8th, 2024) critical vote, political parties in Pakistan seem to have been pitted against each other in a battle of manifestos, which reflect their vision for the nation’s future. These highly-touted manifestos touch on the pressing issues in the light of the dreads and desires of the electorate. From the teetering economy to the shambolic…

Read More

Germany provides EUR 45 million support to Pakistan

Admin
Germany

ISLAMABAD, FEB 7 (DNA) – Dr. Kazim Niaz, Secretary for Economic Affairs Pakistan, and Mr. Alfred Grannas, German Ambassador to the Islamic Republic of Pakistan, witnessed the ceremony for signing of Euro 45 million agreements on Technical Development Cooperation for starting new bilateral cooperation projects. These new agreements are the result of a longstanding and trustful partnership between the two countries.…

Read More

Overall Generation Cost Of Fossil Fuel-Based Independent Power Plants FY 2022-23

Admin

Fossil Fuel-Based Independent Power Plants (IPPs) are integral to ensuring consistent power supply to the populace, particularly in light of the intermittent nature of renewable energy sources. These IPPs mitigate the variability inherent in renewable power generation, thereby enhancing the reliability of the national grid. Notably, in the Fiscal Year 2022-23, Lal Pir Power Plant emerged as the most costly…

Read More

Attock Refinery Limited (ATRL) has posted a substantial increase in its earnings for the first half of fiscal year 2024 (1HFY24), reporting a profit after tax of Rs17.56 billion [EPS: Rs164.7].

Admin
New-ARL

This compares to a profit of Rs15.91 billion [EPS: Rs149.21] in the same period last year. The Board of Directors (BoD) has also declared an interim cash dividend of Rs2.50 per share (25%) for the review period. The company’s top line witnessed an 18.12% YoY surge to Rs270.29 billion compared to Rs228.83 billion in the same period last year. Despite…

Read More

Mari acquires working interest in Zarghun South and Nareli Block

Admin
Mari-Petroleum

Mari Petroleum Company Limited (MARI), one of Pakistan’s largest E&P companies, has acquired a working interest from Spud Energy Pty Ltd (SEPL) in Zarghun South and Nareli Block. Mari shared the development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “Mari and SEPL have signed agreements today (February 07, 2024) for the acquisition of 40% working interest…

Read More

China Was Responsible for 96% of Coal Plants Constructed in 2023

Admin
Coal-Russia

China was single-handedly responsible for 96% of global coal power capacity construction last year, cementing its position as the biggest coal builder in the world. Per data, released by Global Energy Monitor and reported by Bloomberg, China last year also accounted for 68% of new coal generation capacity that came online last year and 81% of newly planned coal generation projects. China’s…

Read More

PTA Confirms Internet Services to Remain Operational on Pakistan Election Day.

Admin
General-Election

Islamabad: The Pakistan Telecommunication Authority (PTA) has quashed rumors of a planned internet shutdown on election day (February 8), asserting that internet services will continue without interruption. Despite previous concerns and past instances of disruptions, government officials have assured the public of internet accessibility during the upcoming elections. Shutdowns pose significant economic consequences, with telecom companies facing losses of Rs940…

Read More

Ogra Proposes Significant Gas Price Hike to Fulfill IMF Conditions

Admin
OGRA

In response to the IMF’s requirements and to meet a mid-February deadline, the Oil and Gas Regulatory Authority (Ogra) has proposed substantial increases in gas tariffs, aiming to extract an additional Rs100 billion from consumers over the next four months. This move follows a significant tariff hike in November, as part of the government’s commitment to the IMF. Notably, Ogra…

Read More