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Month: February 2024

Final-year engineering students from 29 universities participated in PEC’s 5th Engineering Capstone Expo

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Final-year

Final-year engineering students from 29 universities and institutes participated in the 5th Engineering Capstone Expo competition (Punjab Region) organised by the Pakistan Engineering Council (PEC).The PEC’s Pakistan Development Committee (PDC) conducted the Expo at its regional office in Lahore.Some 170 final-year design projects of the engineering students were shortlisted for display at the Expo. The selected projects have relevance to…

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ENERCON Joins WWEA as Corporate Member

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New-ENERCON

Bonn, 14 February 2024 (WWEA) – The World Wind Energy Association (WWEA) proudly welcomes ENERCON, a prominent German wind turbine manufacturer, as its newest Corporate Member. This significant partnership signifies a shared commitment to advancing renewable energy, with a focus on wind power as a pivotal component. With ENERCON’s addition, WWEA expands its diverse membership, which spans over 100 countries…

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OGDCL Commits to Pay Rs12.6 Billion Royalty to Balochistan

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OGDCL

The Oil and Gas Development Company LimitedOil and Gas Development Company Limited (OGDCL) has reached an agreement to disburse Rs12.6 billion to the Balochistan government as royalty for the Uch gas field. According to officials from the CM secretariat, OGDCL and the Balochistan government have finalized a formula for royalty payments from August 2024 to January 2024, to be disbursed…

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PSO Seeks Partnership Between Sinopec and Aramco for Refinery and Petrochemical Complex in Pakistan

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pso

Pakistan State Oil (PSO) has initiated talks with Chinese energy giant Sinopec to join hands with Saudi Arabia’s Aramco in establishing a cutting-edge refinery and petrochemical complex in Pakistan. The government is considering incorporating the $10 billion Saudi Aramco refinery project into the framework of the China-Pakistan Economic Corridor (CPEC). In a letter addressed to Sinopec’s President Yu Baocai, PSO’s…

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PDM 2.0 Unveiled: Shehbaz Sharif and Asif Ali Zardari Set to Assume Key Offices

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PPP-PMLN

After ten days of intense negotiations following an inconclusive national election, the Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) have struck a deal to form a coalition government once again. The agreement, finalized on Tuesday night, outlines the distribution of key positions, including prime minister, president, governorships, and chairman Senate. Under this arrangement, Shehbaz Sharif is slated…

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Power Division Claims Success in Freezing Circular Debt at Rs2.310 Trillion

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power-gride

The Power Division declared a significant achievement in freezing the circular debt at Rs2.310 trillion as of December 21, 2023, during a meeting of the Senate Standing Committee on Power chaired by Senator Azam Nazeer Tarar. In a detailed briefing, the Power Division secretary outlined the measures taken to achieve this target, including efficiency improvements in managing the power sector…

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Government Considers Lowering Tariffs for Solar Net Metering

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IMF-board

In response to concerns over excessive fuel cost adjustments burdening consumers, the government hinted at plans to reduce the net metering tariff for rooftop solar power units. This initiative, discussed during a meeting of the Senate Standing Committee on Power, follows previous unsuccessful attempts over a year ago to implement similar measures. During the session chaired by Senator Azam Nazeer…

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Electricity Bills Set to Soar as Record Fuel Costs Trigger Unprecedented Surge

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free-power

In a severe blow to already struggling electricity consumers, the Central Power Purchasing Agency (CPPA) is pushing for a staggering increase of Rs7.13 per unit in fuel charges for the upcoming bills. This move, aimed at generating an additional Rs57 billion for power distribution companies (Discos), marks the highest-ever increase in fuel cost adjustment (FCA) in history, raising concerns about…

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FPCCI urges Sindh Police for decisive action against land mafia for growth of businesses, industries

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New-fpcci

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the police to take decisive action against land mafias in Sindh for the growth of industries, and businesses and to attract new investment to the province.Riffat Mukhtar Raja, Inspector General of Sindh Police, visited the FPCCI Head Office in Karachi and met the top leadership of business and…

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Joint Venture Agreement between Pakistan Mineral Development Corporation and Miracle Saltworks Collective Inc. for Export Quality Pink Rock Salt Crushing & Packaging Facility

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Mineral-Development-Corporation

Islamabad, Pakistan – February 20, 2024: Pakistan Mineral Development Corporation (PMDC) and Miracle Saltworks Collective Inc. (MSCI) Cement Historic Joint Venture for Pink Rock Salt Crushing and Packaging Facility in Pakistan under the facilitation of SIFC. The official signing ceremony took place at Marriott Hotel, Islamabad on February 20, 2024, with the honorable presence of His Excellency Anwaar-ul-Haq Kakar, The…

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