The petrol price in Pakistan has been slashed by Rs5.45 per litre from Rs293.94 to Rs288.49 for the next fortnight in line with the recommendations of the Oil and Gas Regulatory Authority (Ogra). The new fuel prices will be effective from this midnight (May 1), according to an official notification issued by the Finance Division on Tuesday. As per the…
Read More
Lahore, April 29-30, 2024: An influential workshop concluded today in Lahore, bringing together 75 participants, including top officials from Provincial Planning and Development Departments, CEOs of key waste management companies, and senior managers from national and international banks. The two-day event focused on enhancing carbon finance opportunities and implementing data-driven solutions for solid waste management in Pakistan. Organized by the…
Read More
slamabad, 30 April 2024: Telenor Pakistan, in collaboration with its local and international partners, hosted a dialogue on tackling pressing challenges and emerging opportunities facing the supply chain industry, promoting sustainable practices for long-term resilience.
Read More
GoodWe, a leading global company in renewable energy industry, has announced the launch of Sustainable Development Research Institute, a team dedicated to advancing the company’s Environmental, Social, and Governance (ESG) performance and practices. Established in late 2023, the institute is tasked with formulating mid- to long-term sustainable development plans. It will play a role in promoting the effective implementation of…
Read More
TURIN, (Reuters) – Energy ministers from the Group of Seven (G7) major democracies have reached a landmark agreement to phase out coal-fired power plants by the first half of the 2030s, marking a significant stride towards a global transition away from fossil fuels. Italian Energy Minister Gilberto Pichetto Fratin, chairing the G7 ministerial meeting in Turin, confirmed a technical agreement…
Read More
Mari Petroleum Company Limited (MARI), a prominent player in Pakistan’s energy and exploration sector, has announced its intention to invest up to Rs2.5 billion in its subsidiary, Mari Mining Company (Pvt) Ltd (MMC), through equity injection. The Board of Directors of MARI approved this investment, as revealed in a notice to the Pakistan Stock Exchange (PSX) on Monday. This investment,…
Read More
The National Transmission and Despatch Company (NTDC) has come under scrutiny for alleged irregularities in contract awards and internal conflicts, creating concerns within the Power Division. The Senate Standing Committee on Power has interrogated top officials from both the Power Division and NTDC multiple times regarding the awarding of contracts to ineligible bidders. Senior officials from the Power Division revealed…
Read More
The Competition Commission of Pakistan (CCP) has given the green light for Aramco, a global energy and chemicals leader, to acquire a 40% equity stake in Gas & Oil Pakistan Ltd (GO). This move marks Aramco’s inaugural entry into Pakistan’s fuels retail sector, showcasing its confidence in the nation’s economic prospects and its dedication to fostering growth. Aramco Asia Singapore…
Read More
In Washington, the International Monetary Fund’s Executive Board has given the green light for the immediate release of around $1.1 billion to Pakistan. This decision marks the completion of the second review under the Stand-By Arrangement (SBA), bringing the total disbursements under this program to approximately $3 billion. The board’s unanimous approval, except for India’s abstention, signals confidence in Pakistan’s…
Read More
Islamabad, April 29, 2024: The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on April 29, 2024, at OGDCL Head Office, Islamabad announced the financial results for the period ended on March 31, 2024, of the fiscal year 2023-24. Net sales revenue clocked at Rs. 348.164 billion translating to Profit after tax of Rs. 171.104 billion and earnings per share of Rs. 39.78.
Read More
