Author: Admin

Thar Coal Railway Project: 105km Track to be Completed by Dec 2025

Admin
Thar-coal

Pakistan is making strides in expanding its energy infrastructure, with two major projects set to enhance energy security and reduce reliance on expensive fuel imports. The Thar Coal Railway Line, a 105km rail network connecting Thar’s coal mines to Port Qasim, is on track for completion by December 2025.¹ ² This project, overseen by the federal and Sindh governments, will improve coal transportation efficiency and boost the energy sector’s growth. In addition, Pakistan is also investing in a $500 million, 1,000MW Battery Storage Initiative in the south to harness wind…

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China’s Two Sessions and it’s impact on Pakistan-China relations

Admin
Pakistan-China relations

Pakistan views China’s Two Sessions —the annual gatherings of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC)—as a pivotal event for the future of bilateral cooperation. These sessions provide Pakistan with key insights into China’s economic, regional and global priorities, which directly have the positive impact on the trajectory of the China-Pakistan relationship, especially within the context of the China-Pakistan Economic Corridor (CPEC). Each Two Sessions meeting concentrates on three main strategic priorities that China aims to achieve: economic growth, social harmony and international strategic…

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Saudi Arabia may lower April oil prices for Asia

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Oil falls

SINGAPORE: Top oil exporter Saudi Arabia may slightly cut its crude prices for Asian buyers in April, tracking the marginal decline in benchmark prices this month, traders said on Friday. The April official selling price (OSP) for flagship Arab Light crude may decline by 20 cents to 65 cents a barrel from March, four Asian refining sources said in a Reuters survey. That suggests the April Arab Light price could come at a premium of about $3.25-3.70 a barrel to the average of the benchmark Oman and Dubai prices, down…

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LPG prices down by Rs6.15 per kg

Admin
LPG prices down

ISLAMABAD: The government on Friday decreased Liquified Petroleum Gas (LPG) prices by Rs6.15 per kilogram for both domestic and commercial consumers for the month of March 2025. These new prices will be effective from today (March 1). Last month (February), the prices were increased by Rs3.68/kg. According to a notification issued by Oil and Gas Regulatory Authority (Ogra) here on Friday, the price of an 11.8-kilogram domestic LPG cylinder has been reduced to 2,924, down from Rs2,997. Similarly, the cost of a commercial LPG cylinder (45.4 kg) has been reduced…

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OGDCL Declares Highest-Ever Quarterly Dividend of Rs 4.05 Per Share

Admin

ISLAMABAD, February 28, 2025: The Board of Directors of Oil & Gas Development Company Limited (OGDCL), in its meeting held on February 28, 2025, approved the financial results for the half-year ended December 31, 2024. The Board has declared an interim cash dividend of Rs 4.05 per share, marking the highest-ever quarterly dividend in the Company’s history. This brings the total dividend declared so far in the fiscal year to Rs 7.05 per share.Financial and Operational PerformanceDespite industry-wide challenges, including security constraints, lower international crude oil prices, and exchange rate…

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