TEHRAN – Energy ministers of Iran and Pakistan met and held talks on the sidelines of the Third Belt and Road Ministerial Conference held in Qingdao, China. In this meeting, Abbas Ali-Abadi and Sardar Awais Leghari discussed future collaboration, particularly focusing on the development of electricity projects in border regions, IRNA reported. In this regard, Awais Leghari underscored the importance…
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The Board of Directors of OGDCL, in its meeting held on Friday, October 25, 2024, in Islamabad, announced the financial results for the quarter ended September 30, 2024. The company reported net sales revenue of Rs. 106.01 billion, with a profit after tax of Rs. 41.019 billion, translating to earnings per share (EPS) of Rs. 9.54.The Board announced a first…
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EV Sales Growth: EV Penetration Rate: China New Energy Vehicle (NEV) Sales Breakdown: Source: Michael Dunne Key Takeaways:
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KARACHI: The National Electric Power Regulatory Authority (Nepra) on Tuesday hiked the per unit price of electricity by Rs3.76 per unit on account of quarterly fuel adjustment. According to a notification issued by the power regulator, the increase will be applicable for three months this year — June, July and August. As a result of the latest hike in electricity…
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Oct 24, Oil and Gas Regulatory Authority rebuts the news, that the country is carrying healthy stocks of HSD, suggesting no more need to import HSD in view of the ample supplies available with the refineries. It is clarified that HSD sales in the current month of October 2024 are up by 21% against the projected sales due to anti…
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Karachi, October 25, 2024: Pakistan Petroleum Limited (PPL) held its 73rd Annual General Meeting (AGM) at a local hotel in Karachi, where shareholders approved the financial statements for the fiscal year ending June 30, 2024, along with the auditor’s report. A final cash dividend of 25% on ordinary shares was also ratified, bringing the total dividend for the year to…
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Pakistan’s oil industry is raising red flags over potential conflicts of interest and biased decision-making. The Ministry of Energy’s Petroleum Division is attempting to deploy officials from state-owned enterprises (SOEs) in key government departments, despite a 2020 directive calling for their repatriation due to risks of undermining impartiality ¹. Concerns Over SOE Dominance Experts warn that this move could cripple…
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KARACHI (Oct 24): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister of Communication Aleem Khan, during their meeting at CM House, agreed to build a M6 Motorway not from Hyderabad to Sukkur but from Karachi to Sukkur via Hyderabad. They agreed to explore the possibility of constructing the motorway through a Public-Private Partnership (PPP) or a consortium to…
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Federal Minister for Power, Sardar Awais ahmad Khan Leghari, held separate meetings with Mr. Yao Huan, Vice-President of Power China and Mr. Ni Zhen Deputy Secretary of the Party Committee and General Manager of the Energy China on the sidelines of the Third Belt & Road Ministerial Conference in Qingdao, China. During these meetings, the Federal Minister engaged in fruitful…
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KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has appealed the government to immediately reinstate six working days for federal and provincial governments and all their relevant authorities, institutions, and departments to uplift the economy and facilitate trade and industry.In a letter sent to Prime Minister Shehbaz Sharif, President KCCI stated that since 2011, the business…
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