Author: Admin

Islamabad: In a powerful celebration of corporate compassion and responsible business, over 70 organisations — including eminent national companies and multinationals — were honoured at the 18th Annual CSR Awards for their extraordinary contributions to community uplift, philanthropy, charitable initiatives, sustainable business practices, and environmental protection.The awards were jointly presented by Federal Minister for Investment Qaiser Ahmed Sheikh and Khyber Pakhtunkhwa Governor Faisal Karim Kundi at a prestigious ceremony organised by the National Forum for Environment and Health, bringing together leading voices from government, business, and development sectors under one…

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Islamabad: Pakistan Petroleum Limited (PPL) successfully held its 9th Annual Exploration Conference on February 16, bringing together senior management, the Exploration team, and support functions to align strategic priorities, review portfolio performance, and define future growth targets. Addressing the conference, Managing Director & CEO Mohammad Khalid Rehman commended the exploration team for their dedication, technical excellence, and collaborative efforts in advancing both local and international expansion. He underscored the importance of data-driven decision-making, cross-functional integration, and a strong focus on Quality, Health, Safety and Environment (QHSE) to generate long-term value.…

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ISLAMABAD: Oil and Gas Development Company Limited (OGDC) has signed a landmark agreement with French specialty chemicals leader SNF to deploy advanced Water Injection Systems (WIS) at the Kunnar and Pasakhi oil fields in Sindh, a project projected to generate an estimated $460 million in additional revenue. The agreement, signed at OGDC headquarters in Islamabad, was witnessed by Minister for Energy (Petroleum Division) Ali Pervaiz Malik, OGDC Managing Director/CEO Ahmed Hayat Lak, and French Ambassador Nicolas Galey. The initiative aims to enhance reservoir pressure, improve oil and gas recovery rates,…

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ISLAMABAD: Pakistan has assured foreign investors of its “capacity and capability” to secure the multibillion-dollar Reko Diq copper-gold project after Barrick Gold ordered a comprehensive review following recent militant attacks in Balochistan. Balochistan Chief Minister Sarfraz Bugti said the provincial and federal governments remain committed to safeguarding foreign investment in the strategically important mining venture. Barrick announced it would reassess all aspects of the project after coordinated attacks on January 30–31 heightened security concerns in the province. Regarded as one of the world’s largest undeveloped copper and gold deposits, Reko…

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ISLAMABAD: The government is preparing to raise the issue of the controversial off-grid levy on captive power plants (CPPs) with the visiting International Monetary Fund mission, amid reports of over Rs100 billion in losses to the gas sector and adverse impacts on exports. Senior officials of the Petroleum Division said the levy, introduced under IMF programme conditions to shift industrial consumers towards grid electricity, has largely backfired. Although some increase in grid consumption was observed, it fell short of expectations due to inconsistent supply and technical disruptions — particularly in…

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