Author: Admin

PPL Gears Up for Gas Exploration as Efforts Begin to Contain Korangi Blaze

Admin
New-Project55

KARACHI: Pakistan Petroleum Limited (PPL) is preparing to launch a full-scale operation to extinguish a persistent underground fire that erupted last month during borehole drilling in Korangi Creek near an oil refinery. The move follows the release of a detailed chemical analysis, which revealed dangerously high concentrations of gases and minerals in the soil and groundwater. According to Korangi Deputy Commissioner Masood Bhutto, the report confirmed the presence of hazardous gases such as benzene and toluene, as well as heavy metals including iron, arsenic, manganese, and lead—many exceeding permissible environmental…

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Pakistan Minerals Investment Forum 2025 to Kick Off Tomorrow in Islamabad

Admin
Minerals-Division

ISLAMABAD: The Pakistan Minerals Investment Forum 2025 is set to open on Tuesday, April 8, at the Jinnah Convention Centre, Islamabad, marking a major step toward positioning Pakistan as a global hub for metals and minerals exploration. The two-day event aims to forge strategic partnerships between government entities, global investors, and industry leaders to unlock the country’s vast mineral potential. Organized by the Oil and Gas Development Company Ltd (OGDCL) and the Special Investment Facilitation Council (SIFC), the forum will spotlight Pakistan’s ongoing transformation in the mineral sector. It will…

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Nepra Flags Rs1.5/unit Burden on Consumers Due to System Inefficiencies

Admin
NEPRA-KE

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has raised serious concerns over a financial burden exceeding Rs1.5 per unit on electricity consumers, stemming from inefficient operations of key generation and transmission projects during the first eight months of the current fiscal year (July–February). In a special report to the federal government, Nepra’s Technical Member from Sindh, Rafique A. Shaikh, highlighted persistent underutilisation of major assets including the 4,000MW Lahore-Matiari Transmission Line, the 969MW Neelum-Jhelum Hydropower Plant, and the 747MW Guddu Power Plant. He emphasized that these inefficiencies are significantly…

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Liberty-Led Consortium Withdraws Bid for 63.89% Stake in Engro Powergen Qadirpur

Admin
Engro-Powergen1

KARACHI: A consortium led by Liberty Power Holding has officially withdrawn its intention to acquire a 63.89% stake in Engro Powergen Qadirpur Limited, citing commercial considerations. In a notice filed with the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX) on Thursday, Arif Habib Limited confirmed the termination in accordance with Regulation 21 of the Listed Companies Takeover Regulations, 2017. A formal public withdrawal notice will be issued on April 4. The consortium, which included Arif Habib Corporation, Pakistan Engineering Company, Security Investment Bank, and…

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Rs5 per Unit Power Tariff Relief Expected Soon, Confirms NEPRA Chief

Admin
NEPRA

ISLAMABAD: Consumers are set to receive immediate power tariff relief of Rs5.03 per unit within the coming days, confirmed National Electric Power Regulatory Authority (NEPRA) Chairman Waseem Mukhtar during a public hearing on Friday. The hearing, held to deliberate on the government’s proposal to reduce tariff by Rs1.71 per unit through an additional petroleum levy of Rs58.6 billion for three months, highlighted NEPRA’s efforts to implement Prime Minister Shehbaz Sharif’s announced relief of Rs7.69 per unit for industrial and Rs7.41 for domestic (non-lifeline) consumers. Mukhtar explained that the Rs5.03 per…

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