What we covered here • Canadian Prime Minister Justin Trudeau announced Monday he intends to step down as the country’s prime minister, leaving office once a new ruling party leader is chosen. • Canada’s parliament will be suspended until March 24 while a new leader is chosen, he said. • Trudeau, leader of the Liberal Party for 11 years and prime minister…
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Chairman reviews construction activities at key sites Chairman directs Project Management for timely completion of the Project January 06, 2025: Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) visited Mohmand Dam, a multipurpose project being constructed across River Swat in Mohmand District of Khyber Pakhtunkhwa, and reviewed the ongoing construction activities carried out at the key sites of the project.…
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PPL Asia E&P B.V. (PPL Asia), a subsidiary of Pakistan Petroleum Limited (PPL), has received a settlement amount of $6 million from Midland Oil Company (MdOC), a state-owned Iraqi oil entity. PPL, one of Pakistan’s largest exploration and production (E&P) companies, shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “This is further to our…
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ISLAMABAD: IT and Telecom Minister Shaza Fatima Khawaja on Saturday announced that the satellite-based internet-providing company ‘Starlink’ had been registered in Pakistan. Elon Musk responded to messages on social media platform X, confirming that the company was negotiating with the government. The IT minister has responded to queries regarding the status of Starlink’s entry into Pakistan’s internet business on the…
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In a country like Pakistan, where energy reliability is a persistent challenge, Solis introduces the Solarator Series—a cutting-edge range of energy storage inverters designed to ensure uninterrupted power supply, even in areas with frequent load shedding and grid instability.The name Solarator represents its mission: combining “solar” and “generator” to provide a dependable energy solution for your home, business, or industry.Why…
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ISLAMABAD: The diversion of Re-gasified Liquefied Natural Gas (RLNG) to the domestic sector has surged to 450 million cubic feet per day (mmcfd) in January 2025, up from 250 mmcfd in December 2024, within Sui Northern’s jurisdiction. This increase significantly exacerbates the circular debt in the gas sector. The current domestic gas tariff averages Rs1,250 per MMBTU, while the RLNG…
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ISLAMABAD: The Pakistan Atomic Energy Commission (PAEC) has submitted a petition to the National Electric Power Regulatory Authority (Nepra) seeking a levelized tariff of Rs16.7354 per unit (5.97 cents) for the upcoming Chashma Nuclear Power Plant-5 (C-5) project. The 1,200 MW facility is estimated to cost Rs1.124 trillion and will be completed within 81 months. The project financing comprises 19%…
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KARACHI: Engro Holdings Limited, one of Pakistan’s leading conglomerates, has announced the appointment of Abdul Samad Dawood as its new Chief Executive Officer (CEO), effective January 3, 2025. The decision was approved by the company’s Board of Directors (BoD) in a meeting held the same day. In a notice to the Pakistan Stock Exchange (PSX), Engro Holdings expressed its gratitude…
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ISLAMABAD: K-Electric (KE) has raised serious concerns over the exclusion of its five renewable energy projects from the Indicative Generation Capacity Expansion Plan (IGCEP) 2024, currently in its finalization stages. The power utility has communicated its grievances to Federal Minister for Power Sardar Awais Leghari, citing previous correspondence and engagements with the National Transmission and Dispatch Company (NTDC). KE claims…
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LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has unveiled a free Solar Panel Scheme aimed at reducing electricity costs for households across the province. Speaking at the launch, the Chief Minister announced that 100,000 homes will receive solar panel systems, with a total project cost of Rs10 billion. Eligible households consuming an average of 200 units of electricity per month…
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