Author: Admin

OGDCL Announces Major Gas Discovery in Khairpur, Sindh

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Gas-Discovery

The Oil and Gas Development Company Limited (OGDCL) has announced a significant gas discovery at the Shahu-1 exploratory well in the Sawan South Block, located in Khairpur, Sindh. The discovery is part of a joint venture, with OGDCL holding a 20% working interest, United Energy Pakistan Limited (UEPL) at 75%, and both Government Holding Private Limited (GHPL) and Sindh Energy Holding Limited (SEHL) each holding 2.5%. The Shahu-1 well is projected to produce approximately 10 Million Standard Cubic Feet per Day (MMSCFD) of gas. This discovery not only de-risks further…

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OGDCL Wins Corporate Excellence Award 2024

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OGDCL-Awards

The Oil and Gas Development Company Limited (OGDCL) has secured the prestigious Corporate Excellence Award 2024 in the Oil and Gas Exploration category. The accolade, organized by the Management Association of Pakistan (MAP), highlights OGDCL’s outstanding management practices and unwavering commitment to operational excellence in the energy sector. Mr. Javed Raza Soomro, General Manager (Production) at OGDCL, received the award on behalf of the company during a ceremony held in Karachi. The event was graced by the presence of Chief Minister Sindh Murad Ali Shah and Governor Khyber Pakhtunkhwa Faisal…

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Pakistan records 164pc increase in Chinese FDI in Q1 FY 2024-25

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china-pak

ISLAMABAD: In the first quarter of fiscal year 2024-25, Pakistan attracted $404 million in foreign direct investment (FDI) from China, with a notable contribution of $224.8 million in September alone. According to the latest statistics from the State Bank of Pakistan (SBP), the country received a total of $903.5 million in FDI from various countries between July and September 2024, with China leading the pack, accounting for 44.8% of the total. Additionally, Hong Kong contributed $101.7 million to Pakistan’s FDI during this period. Other significant investments came from the United…

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Pakistan earns US $111m from travel services’ export in Jul-Aug

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travel services export

ISLAMABAD: Pakistan earned US $111.313 million by providing different travel services in various countries during the two months of the fiscal year 2024-25. This shows an increase of 4.99 per cent as compared to the US $106.020 million worth same services provided during the corresponding months of the last fiscal year 2023-24, the Pakistan Bureau of Statistics (PBS) reported. During the months under review, personal travel services increased by 4.82 per cent, from US $104.380 million last year to US $109.411  million during July-August 2024-25. Among these personal services, the…

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Pakistan’s power generation falls by 6% in September as costs soar and solar adoption rises

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power sector

With a 6% YoY drop in power generation, Pakistan faces rising fuel costs and an increasing shift toward solar energy, as more consumers move off-grid to combat high electricity prices Power generation in Pakistan fell to 12,487 GWh in September 2024, marking a 6% year-on-year decline compared to the 13,339 GWh produced in the same month last year. On a monthly basis, power generation dropped 5.3% from August’s total of 13,179 GWh. Experts attributed the drop in production to weakened economic conditions, as well as an increase in solar power…

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