Author: Admin

KARACHI: Pakistan Petroleum Limited (PPL) has announced a gas discovery from the Lockhart formation at its exploratory well Bilitang-1, located in District Kohat, Khyber Pakhtunkhwa. The development was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Monday. According to the notice, the discovery was made under the TAL Joint Venture, which comprises MOL Pakistan Oil & Gas Co. B.V. as operator with a 10 per cent working interest, Oil & Gas Development Company Limited (OGDCL) with 30pc, PPL with 30pc, Pakistan Oilfields Limited (POL) with 25pc, and…

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PESHAWAR: Construction work on 10 key sites of the Mohmand Dam Project is progressing at a satisfactory pace, with overall project completion reaching around 50 per cent, the Water and Power Development Authority (WAPDA) said on Monday. Following the completion of pit excavation in mid-2025, rock fill work on the main dam has advanced to a height of 392 metres above mean sea level. Construction of the spillway has reached about 70 per cent completion, while structural works at the powerhouse have commenced after the successful completion of surface excavation…

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ISLAMABAD: Delegations from the World Bank and the Islamic Development Bank (IsDB) held separate meetings with Federal Minister for Power Sardar Awais Ahmed Khan Leghari on Monday to review ongoing reforms in Pakistan’s power sector, with discussions centred on sustainability, efficiency and long-term financial viability. According to an official statement, the World Bank delegation was led by Ousmane Dione, Vice President for the Middle East, North Africa, Afghanistan and Pakistan region, while the IsDB delegation was headed by Dr Rami Ahmad, Vice President (Operations). During the meetings, the minister briefed…

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KARACHI: A catastrophic third-degree fire that ripped through Gul Plaza on MA Jinnah Road late on January 17, 2026, has left at least 26 people dead, dozens injured and more than 60 missing, while destroying over 1,000 shops and causing an estimated Rs100 billion in economic losses. The multi-storey commercial complex, a key shopping hub for low- and middle-income households, was engulfed by flames that reportedly broke out on the ground floor before rapidly spreading to all levels. Thick plumes of black smoke could be seen across large parts of…

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