Author: Admin

ISLAMABAD: Mari Energies Limited on Monday announced a gas discovery at the Tibri-1 exploratory well in the Kalchas South Block, located in Dera Bugti district of Balochistan. In a notice to the Pakistan Stock Exchange (PSX), the company said the Kalchas South joint venture is operated by United Energy Pakistan Limited (UEPL), which holds a 46 percent working interest. Mari Energies Limited owns a 44 percent working interest, while Dewan Petroleum (Pvt.) Limited holds the remaining 10 percent. The Tibri-1 well is the first exploratory well drilled in the Kalchas…

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ISLAMABAD: Chief Minister Khyber Pakhtunkhwa Sohail Afridi has urged the federal government to immediately release Rs71.4 billion in outstanding Net Hydel Profit (NHP) payments, warning that continued delays are undermining the province’s financial stability, officials in the Ministry of Water Resources told Business Recorder. In separate letters to Minister for Water Resources Moeen Wattoo and Minister for Power Sardar Awais Ahmad Khan Leghari, the chief minister sought their personal intervention to resolve the long-pending issue of unpaid NHP arrears. He emphasised that Khyber Pakhtunkhwa is constitutionally entitled to receive NHP…

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ISLAMABAD: Pakistan’s maritime sector achieved a record profit of Rs100 billion in 2025, driven by wide-ranging reforms focused on improving port efficiency, reducing costs and resolving long-pending policy bottlenecks. According to the Ministry of Maritime Affairs’ annual performance report, the reforms spanned ports, shipping and fisheries, while laying the groundwork for harnessing the country’s blue economy potential. Karachi Port handled an all-time high of 54 million tonnes of cargo, with average vessel dwell time cut by 24 to 36 hours due to improved coordination among port authorities, customs and other…

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KARACHI: Moro Power Company (MPC) has received federal approval to utilise the National Transmission and Dispatch Company’s (NTDC) transmission network for its 100-megawatt hybrid wind and solar project, marking Sindh’s first business-to-business (B2B) renewable energy initiative. The project, regulated by the Sindh Electric Power Regulatory Authority (SEPRA), will enable MPC to supply electricity directly to industrial consumers through the Sindh Transmission and Despatch Company. Earlier this month, the Independent System and Market Operator (ISMO), an autonomous body under the Power Division, granted permission for the use of NTDC infrastructure. Speaking…

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• 2,368 buildings identified for initial audit phase across Sindh• Basements/mezzanines reserved for parking; other uses barred• Murad orders resumption of annual structural, safety inspections KARACHI (Jan 25): Sindh Chief Minister Syed Murad Ali Shah, presiding over a high-level meeting, ordered a province-wide fire safety audit of all major government, private, and commercial buildings. An initial 2,368 buildings will be inspected, with strict timelines for compliance and firm action against violations to ensure public safety. The chief minister approved a comprehensive fire safety audit of important government and non-government commercial…

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