Day: April 28, 2025

In a major milestone for Taj Gasoline, the company has officially announced the formation of its Board of Directors, marking a new chapter of growth and strategic leadership. With this development, the company’s founder and former CEO has transitioned into the role of Chairman of the Board. In his message, the Chairman expressed deep gratitude to several key figures who have played pivotal roles in this transition. Special thanks were extended to Jawwad Ahmed Cheema, a longstanding inspiration throughout his journey in the oil industry; Mohammad Zubair, a highly respected…

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Pakistan stands on the brink of a major political and constitutional showdown as a fierce dispute emerges between the federal government and provinces over control of the country’s estimated $8 trillion in rare earth mineral reserves—critical assets now considered more strategic than oil and gas. In a recent episode of his television show, senior political analyst Najam Sethi explored the escalating controversy, highlighting the tug-of-war over ownership, control, and profit-sharing of upcoming mining projects. Provincial governments argue that they are entitled to up to 90% of revenues from any minerals…

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Karachi’s electricity consumers are anxiously awaiting NEPRA’s decision on K-Electric’s staggering Rs 84 billion write-off claim—an amount that senior journalists and analysts warn must not be passed onto the city’s responsible, bill-paying citizens. In the latest episode of their joint podcast, seasoned media professionals Sohail Iqbal Bhatti and Syed Khalid Mustafa strongly opposed any move to transfer this financial burden to honest consumers. They argued that penalizing those who consistently pay their bills would be grossly unjust. Mr. Bhatti revealed that K-Electric’s original write-off claim of Rs 76 billion ballooned…

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LAHORE: The 2nd Electric Vehicles (EV) Conference, held in Lahore on Saturday, brought together industry leaders, policymakers, financiers, and climate advocates to accelerate Pakistan’s EV transition, spotlighting both opportunities and persistent challenges. Organized by the Climate Action Centre (CAC) and Pak EVO, with support from the Bank of Punjab (BOP), the event underscored the urgent need for collaboration between public and private sectors to drive EV adoption and localization. Umer Khan, Head of Investment Banking at BOP, emphasized in his keynote that tangible government incentives, such as subsidies and tax…

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ISLAMABAD: A delayed ruling by the Oil and Gas Regulatory Authority (OGRA) on Sui Southern Gas Company’s (SSGC) revenue requirement for FY 2022-23 has ignited major controversy, coinciding with a staggering 600% jump in SSGC’s share price — raising allegations of regulatory favoritism. OGRA approved the Final Revenue Requirement (FRR) for SSGC on October 1, 2024 — nearly a year late. The delay has drawn scrutiny, especially as SSGC’s share price surged from Rs8 on October 21, 2024, to Rs42 by January 1, 2025, without any significant corporate developments. The…

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