ISLAMABAD: The Ministry of Water Resources informed the National Assembly on Monday that the cost of the Diamer-Bhasha Dam has surged to Rs1,049 billion, a sharp increase from the initially approved Rs479 billion. The dam’s completion, originally scheduled for February 2029, has been pushed to December 2032—a 22-month delay. During the question hour, the ministry attributed the cost escalation to…
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ISLAMABAD: The widespread adoption of solar energy, driven by provincial government initiatives to provide free or subsidized solar panels to low-income households, has left policymakers grappling with its financial and systemic implications. The matter was recently highlighted in a power sector meeting chaired by the Prime Minister. The Sindh government plans to distribute solar panels to 200,000 households, while Punjab…
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ISLAMABAD: The government on Monday tacitly acknowledged in the National Assembly that it was responsible for ongoing internet disruptions and social media monitoring, citing security concerns as the driving factor. “Pakistan faces significant security threats, necessitating a controlled approach. We cannot leave social media unregulated like other countries,” stated Parliamentary Secretary for Cabinet Secretariat Sajid Mehdi. His comments came in…
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ISLAMABAD, December 16, 2024: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has successfully revived a heavy oil well in the Northern Region field, marking a significant milestone in the nation’s energy sector. The initiative was undertaken at the Rajian Oil Field located in Gujar Khan Exploration License (E.L.), district Chakwal, and is part of…
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Mari Petroleum has overtaken Oil & Gas Development Company (OGDC) to become the largest company on the Pakistan Stock Exchange (PSX) by market capitalization. Mari’s market value surged to Rs984 billion ($3.5 billion), driven by a 7% year-on-year increase in hydrocarbon sales. The company’s share in the gas market rose to 29%, with a profit-after-tax of Rs77.28 billion in FY24,…
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ISLAMABAD – The National Institute of Maritime Affairs (NIMA) hosted a Roundtable Conference titled US-China Maritime Competition in the Indian Ocean Region Under the Trump Administration and Options for Pakistan, aimed at providing policy recommendations to key stakeholders. Senator Mushahid Hussain Sayed graced event as Chief Guest, with Vice Admiral Khan Hasham bin Siddique delivering the keynote address. Dr. Baber…
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ISLAMABAD: The price of 24 karat per tola gold increased further by Rs.2,300 and was sold at Rs 282,800 on Thursday against its sale at Rs 280,500 on previous trading day, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also increased by Rs.1,971 to Rs.242,455 from Rs 240,484 whereas that of 10 gram…
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Midea Hiconics has launched its cutting-edge HIENERGY Series Three-Phase All-in-One Residential Energy Storage System (RESS), addressing the rising demand for efficient and safe home energy solutions. This advanced system boasts quick and cable-free installation, ensuring ease of use for homeowners. Its modular all-in-one design offers flexible installation options, blending seamlessly with diverse home interiors. Designed with a sleek, modern aesthetic,…
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Sindh govt extends best support to Rescue 1122, KMC to prevent fire disasters in Karachi: Nasir Hussain Shah Karachi: The Sindh government has been extending the best possible support to Rescue 1122 and KMC’s Fire Department to protect lives and properties whenever fire emergencies threaten Karachi’s high-rises and industries.Sindh Minister for Planning & Development and Energy Minister, Syed Nasir Hussain…
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Islamabad, November 30, 2024: The Oil and Gas Regulatory Authority (OGRA) hasnotified the maximum Price of LPG, effective December 01 2024, as under;Notified LPG Producer prices Rs. / Ton Rs / 11.8 kgCylinderDecember -2024 ( w.e.f 01-12-2024) 213,004.61 2,513.45November -2024 212,892.45 2,512.13Increase / (Decrease) 112.16 1.32Notified LPG Consumer prices Rs. / Ton Rs / 11.8 kgCylinderDecember -2024 ( w.e.f 01-12-2024)…
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