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Category: Highlights

Coalition Partners Clash Over Punjab-Exclusive Power SubsidySindh, KP Governments Criticize Punjab-Only Relief Package

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Power-sector

PM Defends Punjab’s Autonomy in Funding ReliefEnergy Minister Promises ‘Good News’ on IPPs SoonISLAMABAD: The Punjab government’s exclusive power subsidy has sparked tension among ruling coalition partners, with the PPP and PTI-led provincial governments in Sindh and Khyber Pakhtunkhwa (KP) accusing the PML-N of favoring Punjab over other provinces. The controversy erupted when PML-N President Nawaz Sharif, alongside Punjab Chief…

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Sindh CM suggests power supply at reduced rates to industries to increase electricity consumption

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Ali-Shah

Sindh Chief Minister, Syed Murad Ali Shah, has suggested to the federal government that electricity at reduced rates should be supplied to at least one additional shift at factories to ensure greater industrial productivity and increased power consumption in the country.The Sindh CM put forth this suggestion while interacting with a delegation of journalists from Lahore who came to Karachi…

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Govt. appealed to announce Rs14 reduction in electricity tariffs for Sindh also

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electricity-tariffs

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to recent relief of Rs14 per unit announced for Punjab province only, urged the government to give a similar relief to Sindh also as the public and business community here are also going through the toughest time of their lives due to unbearably high and extremely…

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Shehbaz Govt May Follow Imran Khan’s Lead on IPPs, but With Strategic Tweaks

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imran-shahbaz

ISLAMABAD: The Shehbaz Sharif-led government appears poised to adopt a similar approach to the Imran Khan administration in its dealings with Independent Power Producers (IPPs). This strategy includes reducing the Rate on Equity for public sector power plants, shutting down five Gencos to achieve a cost relief of up to Rs 4 per unit, and renegotiating existing contracts from a…

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Call for CPEC to Become a Model Green Belt Initiative

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CPEC-new

LAHORE: The President of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI), Moazzam Ghurki, has called for transforming the China-Pakistan Economic Corridor (CPEC) into a model green Belt and Road Initiative (BRI) to safeguard the natural environment in the region. Speaking at a think tank session held at the PCJCCI on Thursday, Ghurki highlighted that such a transformation would…

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KCCI worried over delays in restoration of internet speed, social media apps

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social-media

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while expressing deep concerns over slow internet connectivity and the subsequent faults as well as limited access to social media applications, stated that although it was assured that the internet connectivity would normalize upon installation of safety firewall but the issue persists which has resulted in terribly affecting…

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OGRA Launches “Plant for Pakistan” Initiative

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OGRA

Islamabad, August 13, 2024: In commemoration of Pakistan’s 77th Independence Day, the Oil and Gas Regulatory Authority (OGRA) has launched the “Plant for Pakistan” initiative, reflecting the nation’s commitment to combating the adverse impacts of climate change. The eco-friendly drive was inaugurated by OGRA Chairman, Masroor Khan, who planted a tree alongside Members of the Authority and OGRA employees. The…

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OGDCL Announces Major Gas Discovery at Mari East Block in Rahim Yar Khan, Punjab

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gas

ISLAMABAD, August 13, 2024: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest petroleum exploration and production company, on Tuesday announced a major gas discovery from its exploratory well Chak 202—1 in the Mari East Block, located in Rahim Yar Khan district of Punjab.The exploratory well Chak 202—1 was spudded on June 29, 2024, utilizing OGDCL’s in-house expertise and cutting-edge…

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Independence Day Gift: Pakistan Govt Announces Major Reduction in Petroleum Prices

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Petroleum-prices

Islamabad, Pakistan – In a welcome move, the Pakistan government has announced a significant reduction in petroleum prices, just in time for the country’s 77th Independence Day celebrations. The price of petrol has been decreased by Rs 8.47 per liter, bringing the new price to Rs 260.96 per liter. Similarly, the price of diesel has been reduced by Rs 6.70…

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