• Slashes EV charging tariffs by over Rs30 per unit to promote clean energy• Expects electric vehicles to help cut oil bill by $6bn• Leghari seeks financing for rickshaw, small car owners ISLAMABAD: Promising the region’s lowest electricity tariff in a few months, the government on Wednesday decided to reduce power supply rates to electric vehicle charging stations (EVCS) by almost 44…
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SINGAPORE: QatarEnergy has raised the term price for al-Shaheen crude oil loading in March, trade sources said on Thursday, setting it at a premium that has been the highest in more than two years. The term price has risen by $2.76 to $3.81 per barrel, from the premium of $1.05 per barrel set for February-loading cargoes, the sources said. The…
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As Pakistan’s corporate sector increasingly turns to renewable energy to meet its power needs, Attock Cement became the latest entrant to join this trend, announcing the successful commissioning of a 4.8MW windmill project. The listed company shared the development in a notice to the Pakistan Stock Exchange (PSX) on Thursday. “We would like to convey the information that our windmill…
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KARACHI: Oil & Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production (E&P) firm, has officially started oil and gas production from its Kharo-1 well in Khairpur, Sindh. The company made this announcement in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. The Kharo-1 well is currently producing 20 barrels of oil per day (bpd) and five…
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ISLAMABAD: Pakistan and China have reaffirmed their commitment to high-quality development of the China-Pakistan Economic Corridor (CPEC) 2.0, with emphasis on industrialisation, Special Economic Zones (SEZs), clean energy, agriculture and livelihood projects. This was agreed between the two sides in the 5th meeting of the CPEC Joint Working Group on International Cooperation and Coordination (JWG-ICC) held in Beijing, the Foreign…
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In a bid to improve electric vehicle (EV) charging infrastructure in Pakistan, the government has decided to cut the tariff for EV charging stations by 45%, announced Federal Minister for Energy Awais Ahmad Leghari on Wednesday. “We are striving to make EVs accessible to the masses. In this regard, the Power Division has taken a significant step. “The government has…
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Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company, commenced production of oil and gas from its Kharo-1 well located in Khairpur district, Sindh. The E&P shared this development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “We are pleased to announce that Kharo-1 well has been successfully brought into production,” said…
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Pakistan’s EO-1 Satellite set for launch from China signifying SUPARCO’s commitment to advance Pakistan’s space technology. Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) has announced the upcoming launch of Pakistan’s Indigenous Electro-Optical (EO-1) Satellite, which is scheduled for January 17, 2025, from the Jiuquan Satellite Launch Centre (JSLC) in China. This milestone launch demonstrates SUPARCO’s commitment to advancing Pakistan’s space…
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A player who has been in rich form for India in white-ball cricket is Sanju Samson, who enjoyed success on the South Africa tour last year and looked primed for a place in the Indian national cricket team squad for the ICC Champions Trophy 2025. However, rumours around the cricketing circles suggest that the wicketkeeper batter is likely to miss the CT…
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Former Pakistan captain Wasim Akram on Tuesday unveiled the iconic ‘white jackets’ — a badge of honour adorned by champions — for the ICC Champions Trophy to be held from February 19. Former Pakistan captain Wasim Akram on Tuesday unveiled the iconic ‘white jackets’ — a badge of honour adorned by champions — for the ICC Champions Trophy to be…
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