Oil and Gas Development Company Limited (OGDCL) as operator (100 percent) of Jandran Exploration Licence has discovered gas from its exploratory well Jandran X-04, which is located in District Barkhan, Balochistan. According to material information sent to Pakistan Stock Exchange on Monday, the structure of Jandran X-04 was delineated, drilled and tested using OGDCL’s in-house expertise. The well was drilled…
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ISLAMABAD: While de-linking the past payables and receivables worth hundreds of billions of rupees, the government and the K-Electric have agreed to sign a new power purchase agreement (PPA) for supply of a total of 2,050MW to Karachi — instead of historic 650MW — under which the government would make timely payment of tariff subsidies and the KE would clear…
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Chinese Company RNL Technologies plans to start manufacturing electric vehicle (EV) chargers in Pakistan, said Owais Mir, CEO of Dynamic Engineering and Automation. Mir told China Economic Net that Dynamic Engineering and Automation has signed an MOU on Tuesday with one of the largest EV charger manufacturers and suppliers in China RNL Technologies and has sole representation of them in…
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Your assessment ( the western media and countries …..want to see a powerful India to tackle the growing (military and economic) threat of China” ) is unambiguous and candid. Your conclusion (I must sayit is a futile effort on the part of New Delhi. India will end up suffering (more) in the process) also sounds realistic. These thoughts on India and China came across as a recognition of the geo-politics currently playing out in the…
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Oil prices rose on Friday, reversing some of the previous day’s sharp losses as stock markets strengthened and the US dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India. Colonial Pipeline said late on Thursday it had restarted its entire pipeline system and had begun deliveries in all its markets. The line is the…
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The China Pakistan Economic Corridor (CPEC) is gaining momentum with every passing day of Pak-China relationship, because of which the project would continue with more strength in days ahead. With the smooth sailing of CPEC project, Pakistan is foreseeing massive economic activity during days ahead. An appreciable outcome of a novel Belt and Road Initiative (BRI) of the Chinese government,…
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The country will witness an increase in the textile exports by up to $16.5 billion in June 2021 and $20 billion in June 2022 if the government assures the continuation of Regionally Competitive Energy Tariffs of $6.5 per MMBtu of Gas/RLNG and 7.5 cents per unit of electricity. The Patron-in-Chief of All Pakistan Textile Mills Association Gohar Ejaz stated this…
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The Special Assistant to Prime Minister on Climate Change Malik Amin Aslam explained the measures being taken under the prime minister’s vision for Clean Green Pakistan in a press release issed on Sunday. He said the ambitious green stimulus initiative, launched last year by Prime Minister Imran Khan to sustain economic instability caused by the Covid-19 crisis, focuses on innovative…
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The Oil and Gas Development Company Limited (OGDCL) on Monday announced the discovery of gas and condensate reserves in Balochistan province. “OGDCL as operator (100 percent) of Jandran Exploration Licence has discovered gas from its exploratory well Jandran X-04, which is located in district Barkhan, Balochistan province,” informed OGDCL, Pakistan’s leading oil and gas exploratory firm in a statement to…
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Pakistan’s sovereignty ultimately depends on achieving financial freedom and self-reliance. We should not let near-term economic challenges cloud our long-term thinking and direction towards this goal. One key step towards achieving this goal is the creation of the Pakistan Sovereign Wealth Fund (PSWF). A sovereign wealth fund will provide Pakistan with a mechanism to preserve and grow the nation’s wealth.…
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