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Year: 2024

OGDCL Announces Gas and Condensate Discovery at Bettani-02 Well in Lakki Marwat, Khyber Pakhtunkhwa

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ogdcl

ISLAMABAD, December 13, 2024: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, on Friday announced a significant gas and condensate discovery in the Samanasuk Formation, an exploratory zone, at the Bettani-02 (Slant) well located in the Laki Marwat district of Khyber Pakhtunkhwa. OGDCL is the operator of the Wali Exploration License with a 100% working…

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NIMA Conference explores US-China Trade Wars, Pakistan Maritime Strategy in the Indian Ocean.

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US-China Trade Wars

ISLAMABAD – The National Institute of Maritime Affairs (NIMA) hosted a Roundtable Conference titled US-China Maritime Competition in the Indian Ocean Region Under the Trump Administration and Options for Pakistan, aimed at providing policy recommendations to key stakeholders. Senator Mushahid Hussain Sayed graced event as Chief Guest, with Vice Admiral Khan Hasham bin Siddique delivering the keynote address. Dr. Baber…

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Gold rates in Pakistan increase further

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gold price

ISLAMABAD: The price of 24 karat per tola gold increased further by Rs.2,300 and was sold at Rs 282,800 on Thursday against its sale at Rs 280,500 on previous trading day, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also increased by Rs.1,971 to Rs.242,455 from Rs 240,484 whereas that of 10 gram…

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Midea Hiconics Introduces HIENERGY Three-Phase All-in-One Residential Energy Storage System

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Energy-Storage

Midea Hiconics has launched its cutting-edge HIENERGY Series Three-Phase All-in-One Residential Energy Storage System (RESS), addressing the rising demand for efficient and safe home energy solutions. This advanced system boasts quick and cable-free installation, ensuring ease of use for homeowners. Its modular all-in-one design offers flexible installation options, blending seamlessly with diverse home interiors. Designed with a sleek, modern aesthetic,…

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14th Fire Safety & Security Convention

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Nasir-hussain

Sindh govt extends best support to Rescue 1122, KMC to prevent fire disasters in Karachi: Nasir Hussain Shah Karachi: The Sindh government has been extending the best possible support to Rescue 1122 and KMC’s Fire Department to protect lives and properties whenever fire emergencies threaten Karachi’s high-rises and industries.Sindh Minister for Planning & Development and Energy Minister, Syed Nasir Hussain…

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Over 50 Chinese Companies to Invest $1.4 Billion in Sindh

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china-pak

KARACHI: Over 50 Chinese companies have announced plans to invest $1.4 billion across Sindh’s healthcare, agriculture, energy, and transportation sectors, fostering economic growth and innovation. The announcement was made during the Sindh Investment Conference, organized in collaboration with the Sindh government and Global Ventures. Meng Xiaowei, head of the Chinese delegation, and Muhammad Idrees Gigi, CEO of Global Ventures, highlighted…

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OGDCL Strikes Hydrocarbon Reserves in Khyber Pakhtunkhwa

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LAKI MARWAT: Oil and Gas Development Company Limited (OGDCL), Pakistan’s premier exploration and production entity, has announced a significant hydrocarbon discovery at the Bettani-02 (Slant) well in Laki Marwat, Khyber Pakhtunkhwa. In a notice to the Pakistan Stock Exchange (PSX), OGDCL confirmed the find within the Samanasuk formation, an exploratory zone in the Wali Exploration License, where it holds a…

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Diesel Price Set to Drop by Rs3.90; Minor Petrol Hike Expected

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petrol-price

ISLAMABAD: Starting December 16, high-speed diesel (HSD) prices are expected to decrease by Rs3.90 per litre, providing relief to the transport and agriculture sectors. This adjustment aligns with global oil market fluctuations and is anticipated to ease inflationary pressures on consumers. Conversely, petrol prices may increase slightly by 81 paisa per litre, reaching Rs252.91, when the government announces its fortnightly…

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Solis Powers PSA Cricket Tournament Season II as Platinum Sponsor

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Solis-00001

Lahore, Pakistan : Solis, a global pioneer in solar inverter technology, proudly served as the Platinum Sponsor for the PSA Cricket Tournament Season II, held on December 7 and 9, 2024, at a private ground in Lahore. This exhilarating event brought together cricket enthusiasts and industry leaders to celebrate sportsmanship and innovation. The tournament’s grand finale culminated in the victorious…

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K-Electric Consumers to Get Rs0.27/Unit Reduction in Power Bills

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K-Electric

ISLAMABAD: K-Electric (KE) customers will see a reduction of Rs0.27 per unit in electricity rates for October 2024 under the Fuel Charge Adjustment (FCA) mechanism. This follows a Rs0.17 per unit reduction in September, offering some financial respite to Karachi residents. During a public hearing held by the National Electric Power Regulatory Authority (Nepra), KE’s proposed FCA adjustment sparked debate…

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