Author: Admin

Cnergyico Imports $300 Million of US Crude to Boost Pakistan’s Trade Strategy

Admin
New-Cnergyico

ISLAMABAD: Pakistan’s largest private-sector refinery, Cnergyico Pakistan Limited, has imported $300 million worth of US crude oil as part of a broader strategy to narrow the bilateral trade gap and support national economic priorities. The company arranged four US-origin cargoes totalling four million barrels. Two cargoes, transported by MT Pegasus and MT Albany, have already been delivered and successfully processed at the refinery. A third cargo of one million barrels of West Texas Intermediate (WTI) crude, aboard MT San Jacinto, is en-route and expected to arrive on January 11, 2026.…

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Reko Diq Awards €70 Million Equipment Contracts to Finland’s Metso Corporation

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Reko-Diq

KARACHI: Reko Diq Mining Company has awarded Finland-based Metso Corporation the remaining major contracts under a frame agreement announced in August 2024 to supply beneficiation and dewatering equipment for its copper-gold project in Pakistan. The newly signed contracts are valued at approximately €70 million, Metso stated on December 22. Of this total, €40 million was recorded in Metso’s Minerals segment order intake for Q3 2025, with the remaining €30 million booked in Q4. The contracts cover a complete beneficiation circuit, including a flotation flowsheet featuring Metso’s TankCell and Concorde Cell…

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Sindh Assembly Passes Thar Coal Energy Board Amendment Bill

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Thar-Coal

The Sindh Assembly on Monday approved the Thar Coal Energy Board (Amendment) Bill, while also unanimously adopting a resolution congratulating the Christian community on the occasion of Christmas. Members from both treasury and opposition benches extended warm greetings to Christians. The congratulatory resolution was moved by Pakistan Peoples Party (PPP) MPA Roma Mushtaq Matto. Special Assistant to the Chief Minister on Minority Affairs Sham Sunder Advani said Christmas symbolises love, peace and religious tolerance. MQM-P MPA Sabir Qaimkhani said Islam is a religion of love and noted that his party…

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Rs135bn Petrol Scam: Action Launched Against Two Serving Officers, Senate Committee Informed

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New-Oil2

ISLAMABAD: Investigations into the Rs135 billion hazardous petroleum products scam reported in Quetta have been completed, and criminal proceedings against those responsible have begun, the Senate Standing Committee on Science and Technology was informed on Monday. Secretary Ministry of Science and Technology Shahid Iqbal Baloch told the committee, chaired by Senator Kamil Ali Agha, that disciplinary proceedings had been initiated against two serving officers, while cases against two retired officers were referred to the Federal Investigation Agency (FIA) on October 15. Expressing concern over delays, the committee directed the FIA…

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SNGPL Demands Rs20bn from Liberty Daharki Power, Warns of Gas Supply Suspension

Admin
Gas-SNGPL

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has issued a final payment notice to Liberty Daharki Power Limited (LDPL), urging it to urgently clear outstanding dues of over Rs20 billion, warning that failure to do so could result in the suspension of gas supply. In a notice addressed to LDPL’s chief executive officer, SNGPL’s General Manager (Recovery) referred to earlier correspondence dated November 18, 2025, concerning the settlement of dues in line with the agreed terms and conditions. The utility said it had observed that Liberty Power was not releasing…

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