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$5 Billion Investment Announced for Pakistan’s Oil and Gas SectorLocal and International Firms Brief PM Shehbaz on 3-Year Exploration Plan240 Potential Sites to be ExcavatedCommittee Led by Ishaq Dar to Formulate New Policy

Admin
Ishaq-Dar

ISLAMABAD: Local and international firms have pledged a $5 billion investment in Pakistan’s oil and gas exploration and production (E&P) sector over the next three years. This announcement was made during a meeting chaired by Prime Minister Shehbaz Sharif at PM House on Saturday. A delegation from the oil and gas sector informed the Prime Minister that the investment will…

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Interior Minister Orders FIA to Address Overbilling of Lifeline Power UsersSwift Legal Action Demanded Against Responsible Officers and StaffImmediate Redressal for Consumers Using Up to 200 Units

Admin
free-power

LAHORE / RAWALPINDI: Responding to increasing complaints of overbilling from protected electricity consumers, Minister for Interior and Narcotics Control Mohsin Naqvi has ordered immediate legal action against the officers and staff involved in this malpractice. In a press release issued on Sunday, the minister directed all FIA directors to address the injustices faced by electricity consumers using up to 200…

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Gepco and Mepco Under Fire for Circuit Breaker Purchases from Blacklisted Firms Engineers Highlight Misconduct in Gepco and Mepco PurchasesMinistry Demands Reports from Distribution Companies

Admin
power-fleet

LAHORE: The Ministry of Energy has expressed concern over the procurement of 132kV circuit breakers worth millions of rupees by distribution companies (Discos) from blacklisted firms via local suppliers. The ministry has directed all Discos to submit detailed reports on these transactions. This directive follows formal complaints from engineering associations within Gujranwala Electric Power Company (Gepco) and Multan Electric Power…

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Monthly Energy Update July Magazine

Admin

🌟 Hot Off The Press! 🌟 Get ready to stay ahead of the curve with the latest edition of Energy Update Magazine – July 2024!  In this issue, we bring you: – Exclusive insights of Energy Sector  – Comprehensive report on event Huawei – Special Report on Neelum Jhelum Project and Climate Change in Pakistan  – In-depth analysis of the…

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OICCI Members Positively Impact 40m People Across Pakistan Through Their CSR Initiatives

Admin

Karachi: Overseas Investors Chamber of Commerce and Industry’s member companies have invested Rs 13 billion in 2022-2023 in local communities, positively impacting 40 million individuals across the country. In collaboration with over 290 social sector organisations, the OICCI members have extended their CSR initiatives to all the four provinces of Pakistan, including Azad Jammu and Kashmir and Gilgit-Baltistan, to build…

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Sindh Govt to Showcase Energy Projects at IEEEP Fair to Attract Investment

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Nasir-Shah

KARACHI: Sindh Minister of Energy, Syed Nasir Hussain Shah, announced that the provincial energy department will exhibit its ongoing and upcoming projects at the 13th edition of the Institute of Electrical and Electronics Engineers Pakistan (IEEEP) Fair. The event, set to take place at Karachi Expo Centre in September, aims to draw investment and encourage joint ventures and partnerships for…

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Government Grants Six-Month Extension for Refineries to Sign Upgrade Agreements

Admin
PRL-eyes

ISLAMABAD: The Cabinet Committee on Energy (CCoE), chaired by Prime Minister Shehbaz Sharif, has extended the deadline for local refineries to sign implementation agreements (IAs) with the Oil & Gas Regulatory Authority (OGRA) for their $5-6 billion upgrade projects by an additional six months. This extension, granted under the amended brownfield refineries’ policy of 2023, aims to accommodate the country’s…

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NESPAK Celebrates Successful Hi-Pot Testing of Suki Kinari Transmission Line

Admin
dam-tarbela

ISLAMABAD: National Engineering Services Pakistan (Pvt) Limited (NESPAK) has celebrated the successful high-potential (Hi-Pot) testing of the 500kV transmission line for the 884MW Suki Kinari hydropower project, marking a significant milestone achieved within the designated timeframe. In a letter to the National Transmission and Despatch Company (NTDC), NESPAK extended its congratulations on the completion of the Hi-Pot testing on June…

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