The Oil Companies Advisory Council (OCAC) has urged the Oil and Gas Regulatory Authority (OGRA) to thoroughly investigate the issue of unjust and unnecessary imports of High-Speed Diesel to ensure the survival of Pakistan’s petroleum industry.The demand to this effect is contained in a recent letter sent by the OCAC Chairman, Adil Khattak, to the OGRA Chairman.The OCAC Chairman informed…
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KARACHI: The Sindh Energy Department, in collaboration with the United Nations Development Programme (UNDP) and the United Nations Department of Economic & Social Affairs (UN DESA), hosted a stakeholder engagement workshop on Thursday to deliberate on the 500 MW Floating Solar Power Project at Keenjhar Lake in Thatta district. Held at a hotel in Karachi, the workshop is part of…
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ISLAMABAD: Pakistan’s Arshad Nadeem has made history by winning the country’s first-ever Olympic gold medal in athletics, setting a new Olympic record in the javelin throw with a remarkable distance of 92.97 meters. This historic achievement marks Pakistan’s first Olympic gold since 1984 and its first medal in athletics, a monumental milestone for the nation. Nadeem’s victory came after he…
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KARACHI: Muhammad Farooq Shaikhani, President of the Hyderabad Chamber of Small Traders and Small Industry (HCSTSI), has formally requested Hyderabad Electric Supply Company (Hesco) to provide detailed information on the collection and utilisation of various taxes, including extra charges and late surcharges on electricity bills. In a letter addressed to Hesco CEO Roshan Ali Otho, Shaikhani demanded comprehensive data on…
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ISLAMABAD: The government has initiated an investigation into a Rs135 billion scam involving the illegal import and sale of highly inflammable and hazardous fuel, disguised as an industrial chemical. A fact-finding committee, consisting of seven members and led by Additional Secretary Petroleum Hasan Mehmood Yousufzai, has been established to probe the scandal and provide recommendations within a week. The committee,…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has announced a power tariff increase of Rs2.56 per unit, resulting in an additional burden of over Rs33 billion on consumers’ electricity bills in August. This hike, revealed as part of the June fuel cost adjustment (FCA), will be reflected in the August billing cycle. Lifeline consumers and K-Electric users will be…
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KARACHI: Mari Petroleum Company Ltd (MPCL) has reported its highest-ever earnings, posting a record profit of Rs77 billion for FY24, marking a 38% increase from Rs56 billion in FY23. The company declared a final cash dividend along with an interim dividend of Rs232 per share for FY24, reflecting a payout ratio of 40%, up from 35% in the previous year.…
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ISLAMABAD: The World Bank has recommended that Balochistan capitalize on its vast renewable energy resources to generate surplus electricity, which could be exported to other provinces or internationally, thereby reducing its reliance on power imports. This proposal is outlined in the World Bank’s recently released “Balochistan Renewable Energy Development Study.” The study highlights that Balochistan possesses significant untapped potential for…
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Fast conversion of farmlands near cities into housing societies gravely endangers Pakistan’s food security: Sindh Environment Minister Karachi: Sindh Environment Minister, Dost Muhammad Rahimoon, has said the fast diminishing farmlands near urban centres due to their conversion into gated housing societies has posed serious threats to Pakistan’s food security.The environment minister stated this while speaking as the chief guest at…
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