Under CPEC Phase II, Pakistan Aims for Deeper Economic and Technological Partnerships with China BEIJING APP: According to Ambassador to China Khalil Hashmi, Pakistan is looking to expand its collaboration with China in important domains including Economic and Tech and innovation within the context of the second phase of the China-Pakistan Economic Corridor (CPEC). Ambassador Hashmi recently discussed the main…
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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has revised the prices of imported Re-gasified Liquefied Natural Gas (RLNG) for the month of March, making it more expensive for both gas companies – Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL). According to the notification issued by OGRA on Wednesday, the price of RLNG has been…
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LONDON: Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns and demand versus supply expectations. Brent futures were down 37 cents, or 0.5%, at $70.58 a barrel at 10:25 a.m. EDT (1425 GMT), while U.S. West Texas Intermediate crude futures fell 39 cents, or 0.6%,…
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LONDON: Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on Thursday, due to growth led by the United States and weaker than expected global demand. The outlook of ample supplies despite U.S. sanctions on major exporters Russia and Iran highlights the challenge for OPEC+, or the Organization of the…
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Recently, the authoritative domestic third-party certification body, China Central Certification (hereafter referred to as “Certification Center”), released a report on the Hi-MO 9 module Hainan demonstration project. ■ Hi-MO 9 Module Hainan Demonstration Project Data indicates that the Hi-MO 9 module, utilizing the second generation BC technology, substantially outperforms TOPCon modules in three key aspects: normal outdoor power generation, partial…
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ISLAMABAD: The operations of Pakistan Petroleum Limited (PPL) at the Sui gas field are once again under threat as the employees’ union has disrupted activities, demanding recruitment under the abolished son quota scheme. Despite a Supreme Court ruling that declared the practice unconstitutional, the union is pressuring the management to comply with their demands. According to sources, local PPL management…
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ISLAMABAD: The Peshawar Electric Supply Company (PESCO) and the Khyber Pakhtunkhwa (KPK) government are negotiating a contract aimed at increasing revenue and reducing load shedding, particularly in high-loss areas. According to sources, the proposed agreement seeks to improve power supply to feeders experiencing over 20% losses by enhancing recovery rates and curbing electricity theft. PESCO currently suffers annual losses of…
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ISLAMABAD: Minister for Energy (Petroleum Division) Ali Pervaiz Malik has revealed that Pakistan State Oil Company Limited (PSOCL) is owed Rs 28.88 billion by Pakistan International Airlines (PIA) for jet fuel supplies as of February 28, 2025. This includes Rs 14.29 billion in principal dues and Rs 14.59 billion in late payment surcharges. In a written response to the National…
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ISLAMABAD: K-Electric (KE) has submitted a request for a negative Fuel Charges Adjustment (FCA) of Rs 4.84 per unit for January 2025, which would provide financial relief of Rs 4.695 billion to its consumers. Additionally, KE is seeking approval to adjust Rs 13.5 billion in pending fuel cost variations from previous months. The National Electric Power Regulatory Authority (NEPRA) will…
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ISLAMABAD: The prices of petroleum products are expected to decline by up to Rs14 per litre for the upcoming fortnight, ending March 31, due to fluctuations in global oil prices and import premiums. However, this relief depends on the government maintaining current tax rates. Officials indicate that authorities are considering absorbing part of the price reduction by increasing the petroleum…
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