Karachi residents are grappling with persistent gas shortages, particularly during the winter months, causing significant disruptions to daily life. The scarcity of gas not only hampers cooking routines but also poses challenges for heating homes economically. Nadia, a homemaker from Rashid Minhas Road, describes the struggle of coping with gas load shedding, enduring up to 16 to 20 hours of…
Read More
Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has strongly demanded that the government reevaluate its policy of continuously increasing energy prices on an immediate basis. Particularly, the decision to increase captive gas price to Rs. 2,750/MMBtu — an increase of 223% since January 2023 — threatens the very survival of Pakistan’s industrial sectors and a complete collapse is imminent. Mr.…
Read More
Pakistan Engineering Council (PEC) is dedicated to promote growth of Engineering Education for whichPEC Pakistan Development Committee convenor Engr Mir Masood Rashid inviting at the 5th EngineeringCAPSTONE EXPO Punjab (FYDP- Final Year Design Projects exhibition), ENGR Muhammad Najeeb HaroonChairman PEC (Ex MNA) will be the chief guest. CAPSTONE will be held on Monday 19th FEB’2024 from10am to 4pm, at “PEC…
Read More
In a recent meeting chaired by Caretaker Prime Minister Anwaar ul Haq Kakar, emphasis was placed on resolving the remaining issues of Karachi Electric (KE) on an urgent basis. The meeting acknowledged the resolution of major challenges facing the company but underscored the importance of addressing any outstanding concerns. During the session, suggestions for resolving KE’s problems were deliberated upon,…
Read More
In Islamabad, the Apex Committee (AC) of the Special Investment Facilitation Council (SIFC) has made significant decisions regarding energy projects and economic initiatives, according to reliable sources. The committee has opted to cancel all Letters of Interest (LoIs) for category-III wind projects, except for the 300-MW project designated for K-Electric (KE), aligning with established policy guidelines. Concerning solar projects, the…
Read More
Industry officials have revealed that Pakistan is poised to resume its fuel oil exports after a hiatus of one-and-a-half months, with a local refinery gearing up to ship 50,000 tonnes of the product in the near future. The pause in fuel oil exports, which halted in January, was prompted by a surge in domestic demand for electricity generation amidst reduced…
Read More
The Hub Power Company Limited (HUBCO), Pakistan’s largest independent power producer, announced on Friday that it has finalized a definitive agreement to purchase a 9.5 percent stake in Sindh Engro Coal Mining Company Limited (SECMC). SECMC, a joint venture between the Sindh government and private entities, oversees the operation of the Thar coal mine, which holds one of the world’s…
Read More
Engro Fertilizers Limited has reported a remarkable annual profit of Rs26.19 billion for the year 2023, marking a substantial increase of 64 percent compared to the previous year. This significant growth was fueled by elevated sales and reduced interest costs. The company, a subsidiary of Engro Corporation Limited, disclosed this information in a statement to the Pakistan Stock Exchange on…
Read More
KARACHI: The President, SITE Association of Industry Muhammad Kamran Arbi, has condemned the recent increase in gas tariff as approved by the Economic Coordination Committee and the caretaker govt. He has demanded the caretaker Prime Minister Anwarul Haq Kakar, Federal Minister for Commerce, Industries & Production Dr. Gohar Ejaz and Minister for Energy Muhammad Ali to take back the decision…
Read More
By the grace of Almighty Allah, Mari Petroleum Company Limited (MPCL) is pleased to announce a gas discovery resulting from its exploratory efforts at Maiwand X-1 St-1 exploration well, drilled in Block 28, in Kohlu District, Balochistan Province. MPCL is the Operator of Block 28 having 95% working interest along with OGDCL as joint venture partner with 5% carried working…
Read More
