Karachi: In response to the increasing deaths due to extreme heatwaves and rising electricity bills in Karachi, the Edhi Foundation has decided to transition its mortuaries to solar energy. Speaking to Independent Urdu, Edhi Foundation head Faisal Edhi stated that the decision was prompted by the sharp increase in electricity bills and persistent load-shedding. The foundation has installed an 18…
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ISLAMABAD, July 02, 2024: Oil and Gas Development Company Limited (OGDCL) has partnered with the National Commission on the Status of Women (NCSW) to empower women and foster their growth within the company.Mr. Ahmed Hayat Lak, MD/CEO of OGDCL, and Ms. Nilofar Bakhtiar, Chairperson of NCSW, on Tuesday, signed a Letter of Intent (LoI) to formalize this collaboration. The LoI…
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KARACHI: Mari Petroleum Company Limited (MARI) has successfully drilled and tested the fourth appraisal well in the Mari Ghazij Formation, located in the Mari Development and Production Lease (D&PL) in Sindh, as stated in a notice to the Pakistan Stock Exchange (PSX) on Monday. The notice read, “MARI has successfully drilled and tested the fourth appraisal well in the Ghazij…
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KARACHI: The government is exploring the possibility of blending ethanol into petrol, with the prime minister forming a committee to investigate this prospect. The committee, led by the minister of petroleum, includes the minister of finance, minister of state for finance, and the secretary of the Petroleum Division. This committee will develop a policy for ethanol-blended petrol, acting under specific…
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KARACHI: The business community has expressed its disappointment over the recent hike in petroleum and diesel prices by Rs7.45 and Rs9.56, respectively, according to a statement issued on Monday. Businesses fear this increase will not only raise the cost of doing business but also exacerbate the hardships faced by ordinary people. Iftikhar Ahmed Sheikh, President of the Karachi Chamber of…
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KARACHI: The sale of petroleum products in Pakistan hit an 18-year low in the financial year ending June 30, 2024, according to official data. Petroleum product sales declined by 8.0% year-on-year (YoY) to 15.28 million tonnes during FY24, attributed to the economic slowdown and the smuggling of petroleum products, impacting legal sector sales. Oil sales data showed that in June…
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ISLAMABAD: The government is imposing power load-shedding of 6-12 hours across Pakistan in the intense heat, attributing it to massive revenue losses as per an agreement with the IMF, though this action violates NEPRA’s regulations and fundamental rights. On Monday, a shortfall of 4,500 MW was recorded, with power supply at approximately 22,450 MW against a demand of 27,000 MW.…
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OGRA Notifies New Tariff of Rs3,000 per MMBTU, Up from Rs2,750 ISLAMABAD: Gas consumers across Pakistan will not receive any tariff relief in the new fiscal year as the Pakistan Muslim League-Nawaz (PML-N) government declined to implement a cut proposed by the Oil and Gas Regulatory Authority (OGRA). Instead, OGRA announced an increase in liquefied petroleum gas (LPG) prices from…
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