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Wafi Energy Acquires Majority Stake in Shell Pakistan Limited

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Shell-Pakistan

Karachi, Pakistan – Wafi Energy, a well-established Saudi energy company and affiliate of the Asyad Group, has officially acquired a majority shareholding in Shell Pakistan Limited, the exclusive licensee for Shell products in the country. This strategic acquisition underscores Wafi Energy’s commitment to expanding its footprint in Pakistan’s energy sector while fortifying Shell’s reputable service in the region. The powerful…

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Murad informs Canadian envoy of Sindh govt initiative for upgrading city infrastructure and controlling pollution.

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New-Project

KARACHI (Oct 31): Sindh Chief Minister Syed Murad Ali Shah, in his meeting with the Canadian High Commissioner Ms Leslie Scanlon, said that his government, through the Karachi transformation project, was improving the infrastructure to make the city liveable and attracting investment. The meeting also included the Director General for South Asia in Ottawa, Canada, Ms. Marie Louise Hannan, and…

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Nationwide CNG Stations to Close in December and January Amid Winter Gas Shortage

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CNG-Stations

ISLAMABAD: The Federal Ministry of Petroleum has announced a winter gas load management plan that includes the closure of CNG stations across Pakistan during December and January. This measure aims to prioritize natural gas supply for domestic consumers amid colder temperatures. The Sui Northern Gas Company Limited (SNGCL) has been instructed to halt CNG operations nationwide from December 1, 2024,…

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Neelum-Jhelum Shutdown Costs Millions, Deepens Pakistan’s Energy Crisis

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Neelum-Jhelum

ISLAMABAD: The 969-MW Neelum-Jhelum Hydropower Project has been offline since May due to a severe rock burst, draining millions from the national treasury and worsening Pakistan’s energy shortage, according to experts. The prolonged shutdown has exacerbated the shortfall in hydroelectric power, adding to the country’s energy challenges. During a recent public hearing, NEPRA’s chairman expressed dissatisfaction with the Central Power…

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UEP Wind Power Seeks Rs 6.213 Billion from CPPA-G to Avert Debt Default

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Wind-Power

ISLAMABAD: UEP Wind Power Limited has requested Rs 6.213 billion from the Central Power Purchasing Agency (CPPA-G) to meet critical financial obligations through December 31, 2024, citing delayed payments and mounting debt. In a letter to CPPA-G’s CEO, UEP’s President, Khurram Shahzad, outlined the company’s urgent need to address upcoming debt payments, including a substantial liability to China Development Bank.…

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Gas Supply Halted in Karachi’s DHA Due to Pipeline Damage; Price Hike Likely Amid SNGC Request

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OGRA-GAS

KARACHI: The Sui Southern Gas Company (SSGC) has suspended gas supply to Defence Housing Authority (DHA) and nearby areas, including Defence View, Azam Basti, and Akhtar Colony, following damage to a 24-inch pipeline during excavation work near Jam Siddiq Bridge. Emergency repair crews are working to restore the line, with service expected to resume by 6:00 AM tomorrow. Meanwhile, the…

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Germany Seeks COAS Intervention in Siemens Power Plant Deal Termination

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Power-Plant

ISLAMABAD: Germany has appealed to Pakistan’s Chief of Army Staff, General Asim Munir, for assistance in revising a settlement over the closure of a 450MW power plant involving German investor Siemens, who reportedly felt pressured to agree to the deal. The German Ambassador to Pakistan, Alfred Grannas, reached out to General Munir, seeking an amicable solution to safeguard German investments,…

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Electricity Tariffs Set to Rise in November Despite Lower Fuel Costs

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NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) announced on Wednesday that electricity rates for ex-Wapda distribution company (Disco) consumers will increase by 15 paise per unit in November, despite a drop in fuel costs. During a public hearing on fuel cost adjustments (FCA) for September, a Nepra case officer explained that while the FCA was reduced by 71 paise…

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Lahore Launches ‘Green Lockdown’ to Combat Smog Crisis

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Green-Lockdown

CM Maryam calls for collaboration with Indian Punjab 11 smog hotspots targeted; ‘green ring’ planned around LahoreRestrictions on barbecues, marriage halls, and commercial generatorsExperts call measures ‘insufficient, poorly planned’LAHORE: In a bid to curb rising pollution, the Punjab government has introduced a “green lockdown” across designated smog hotspots in Lahore, restricting activities at barbecue joints, motorcycle-rickshaws, and marriage halls—although air…

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Pakistan LPG Marketers Association (PLPGMA) Announces Newly Elected Office Bearers for 2024-26

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New-LPG

Lahore: Pakistan LPG Marketers Association (PLPGMA) recently held its elections for the 2024-26 term, resulting in the appointment of new office bearers and members to its Executive Committee. The newly elected officials include prominent industry figures committed to advancing the LPG sector in Pakistan. Mr. Ahsan Mehmood Butt, Managing Partner of Shaheen Gas (Pvt.) Limited, has been appointed Chairman. Mr.…

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