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Month: July 2024

Petrol Dealers to Proceed with Nationwide Strike Tomorrow Talks with Government Deadlocked; Over 13,000 Petrol Stations to Shut Down

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PPDA-Strike

Monitoring Cell Established to Manage Fuel Supply During Strike ISLAMABAD: The Pakistan Petroleum Dealers Association (PPDA) announced on Wednesday that negotiations with provincial and federal governments and other stakeholders had reached an impasse, prompting a nationwide shutdown of petrol stations starting July 5. PPDA Chairman Abdul Sami Khan stated, “They asked us to call off the strike and promised to…

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Int’l Defence exhibition and Seminar

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IDEAS 2024 is scheduled from Nov 19-22 at Expo KARACHI Sindh Chief Minister Syed Murad Ali Shah has said that IDEAS is a shared platform for global peace, stability and prosperity. It is [IDEAS] is an event that provides enhanced opportunities for commercial exchange between delegates, trade visitors, defence officials and manufacturers from within Pakistan and abroad,” he said. This…

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Shell Pakistan launches Pakistan’s first-ever recycled plastic retail site in Karachi

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shell

Pakistan Karachi, 03 July, 2024: Shell Pakistan Limited (SPL) launches Pakistan’s first-ever recycled plastic retail site, Malik Service Station at Shahrah-e-Faisal, Karachi. This initiative aligns with SPL’s commitment towards sustainability; and promotes circular economy and environmentally friendly practices. The organization collaborated with Dabeer Hemani and Syed Ali Naqi, cofounders of Concept Loop, and Shell Tameer alumnus to bring this vision…

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PM Shehbaz Directs Comprehensive Plan for Minority Stakes Sale in Oil and Gas Sector

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Shahbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Petroleum Division and Finance Division to prepare a comprehensive plan to sell minority stakes, including management control, in state-owned enterprises (SoEs) within the oil and gas sector to a Gulf Cooperation Council (GCC)-based strategic investor, according to sources close to the Petroleum Minister. In a meeting on June 25, the prime minister…

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PPL Announces Significant Gas Discovery at Khairpur

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New-PPL

KARACHI: Pakistan Petroleum Limited (PPL) has announced a significant gas discovery from the exploratory well Tor-1 in the Latif Block, located in Khairpur District, Sindh Province. The Tor-1 well, operated by United Energy Pakistan Beta (UEP Beta) with a 33.40% working interest, along with joint venture partners PPL and Prime Pakistan Limited, each holding a 33.30% interest, successfully reached its…

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Petroleum Demand Plummets to 18-Year Low Amid Economic Slowdown

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Petroleum-Demand

KARACHI: Petroleum demand in Pakistan has hit an 18-year low, with consumption falling to 15.3 million tonnes in the fiscal year 2023-24, which ended on June 30. Despite this decline, the government has collected an estimated Rs1 trillion in petroleum development levy (PDL) over the year. The drop in demand is attributed to the PDL of Rs60 per litre on…

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Petroleum Dealers Announce Nationwide Strike Over Controversial Tax

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Strike-Petroleum

ISLAMABAD: The Pakistan Petroleum Dealers Association (PPDA) has announced a countrywide strike on July 5 to protest the 0.5% advance turnover tax introduced in the latest budget. Despite the government’s acknowledgment of the error and assurance of the tax’s withdrawal, the PPDA remains steadfast in its protest plans. In response, the government has instructed oil marketing companies (OMCs) to maintain…

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Edhi Foundation Shifts Mortuaries to Solar Energy Amid Rising Bills and Heatwaves

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EDHI-Foundation

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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OGDCL Collaborates with NCSW for Women Empowerment and Growth

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OGDCL-Meeting

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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