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Day: April 3, 2025

OGDCL Announces Revival of Oil & Gas Production from Chak # 2-2 Well in Sanghar, Sindh

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ISLAMABAD, April 03, 2025: Oil and Gas Development Company Limited (OGDCL) on Thursday announced the successful revival of oil and gas production from Chak # 2-2 Well, a joint venture in the Sinjhoro Block, located in the Sanghar district of Sindh. This achievement underscores OGDCL’s commitment to enhancing the country’s hydrocarbon resources and ensuring energy security.The Sinjhoro Block comprises OGDCL…

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PM Shehbaz Announces Rs7.41 Per Unit Power Rate Cut to Revive Economy

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New-Project

Islamabad: In a major relief for consumers and businesses, Prime Minister Shehbaz Sharif on Thursday unveiled a substantial reduction in electricity tariffs, slashing rates by Rs7.41 per unit for residential users and Rs7.59 per unit for commercial consumers. “With this reduction, electricity will now be provided at Rs34.37 per unit for residential consumers,” the premier announced during a ceremony, emphasizing…

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Sindh Energy Department Defends Performance, Blames Centre for Slow Renewable Energy Growth

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renewal-energy

KARACHI: The Sindh Energy Department has defended its performance in response to recent criticism, attributing the slow expansion of renewable energy across provinces to faulty planning at the federal level. A handout issued by the department highlights systemic barriers imposed by the *single-buyer model, under which the *Central Power Purchasing Agency (CPPA) controls electricity procurement. This structure prevents Sindh from…

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KP Chief Minister Pushes for Net Hydel Profit Dues with PM

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KP-punjab

PESHAWAR: Khyber Pakhtunkhwa (KP) Chief Minister Ali Amin Gandapur has formally raised the issue of outstanding Net Hydel Profit (NHP) dues with Prime Minister Shehbaz Sharif, urging an urgent resolution. In a letter to the Prime Minister, the Chief Minister cited *Article 161(2) of the Constitution, which mandates that revenues from *hydropower generation be allocated to the respective provinces. He…

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Trump’s Sweeping Tariffs Escalate Global Trade War

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Donald-Trump

Former U.S. President Donald Trump has imposed a 10% tariff on most imports and significantly higher duties on numerous countries, further intensifying a global trade war that threatens economic stability. Announced in the *White House Rose Garden, the sweeping tariffs rattled financial markets and drew sharp criticism from world leaders. *Forbes reported that the U.S. has imposed a *29% reciprocal…

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Govt Set to Announce ‘Major Relief Package’ Today

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Shahbaz-sharif2

The federal government is set to unveil a “major” relief package today (Thursday), as hinted by official social media posts from government representatives and high-ranking officials. On Wednesday, the government’s official X account teased “great news for the entire nation,” using the hashtag ‘Small Eid, Big Gift’, signaling a potential Eidul Fitr-related announcement. The ruling PML-N also confirmed that Prime…

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25 Years of Germany’s Renewable Energy Act: A Global Milestone in Energy Transition

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Renewable-energy

*April 1, 2025, Germany celebrates the *25th anniversary of the *Renewable Energy Sources Act (EEG)—a groundbreaking policy that has transformed the global energy landscape. Passed by the **Bundestag on February 25, 2000, the EEG marked a turning point for renewables, increasing their share in Germany’s electricity mix from *just under 5% in 2000 to over 60% today. Despite initial resistance…

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Mari Energies Announces Third Hydrocarbon Discovery at Spinwam-1 in Waziristan Block

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New-Mari1

By the grace of Almighty Allah, Mari Energies Limited (formerly Mari Petroleum Company Limited) is pleased to announce a significant third gas/condensate discovery at the Spinwam-1 exploratory well in the Hangu Formation within the Waziristan Block, located in North Waziristan district, Khyber Pakhtunkhwa (KP) Province. This latest discovery follows the previous two hydrocarbon finds in the Samanasuk Formation and *Kawagarh…

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