ISLAMABAD: In a move contrary to Prime Minister Shehbaz Sharif’s directives, the Northern Power Generation Company Limited (NPGCL) Board has reinstated Sabeeh Uz Zaman Faruqui as CEO to leverage his expertise amid operational challenges. On December 20, 2024, the Prime Minister had suspended the CEOs of three Generation Companies (GENCOs), including Faruqui (GENCO-III), for hindering the disposal of dead assets…
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MOSCOW: The Kremlin has criticized the latest US sanctions targeting the Russian energy sector, warning of potential destabilization of global oil markets. Moscow vowed to take measures to mitigate the impact of the sanctions, which were announced on Friday. “These actions by the United States are an attempt to undermine our companies through non-competitive means, but we are confident in…
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ISLAMABAD: The prices of petroleum products, including high-speed diesel (HSD), petrol, and kerosene, are expected to increase by up to Rs6 per litre starting Wednesday, owing to a surge in international oil prices. Sources indicate that petrol prices may rise by Rs5-6 per litre, while kerosene and diesel prices are likely to increase by Rs3 and Rs2 per litre, respectively.…
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January 13, 2025: Pakistan’s Minister of Petroleum and Water Resources Dr. Musadiq Malik alongside key policymakers, state-owned entities and industry leaders will represent Pakistan at the Future Minerals Forum (FMF) in Riyadh from the 14-16th of January. The delegation, including prominentcompanies like Pakistan Petroleum Limited, Oil and Gas Development Company Limited, MariEnergies, Government Holdings (Private) Limited, Pakistan Minerals (Private) Limited,…
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ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has announced an aggressive exploration and production (E&P) strategy, focusing on 10 unconventional wells for shale and tight gas, alongside enhanced activities in conventional gas fields. A key highlight is the initiation of E&P efforts in Balochistan, with special attention on the Zin block, which boasts confirmed reserves of 840 billion…
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ISLAMABAD: Inefficiencies in electricity distribution companies (Discos) are inflating Pakistan’s circular debt by over Rs600 billion annually, which has now surged to a staggering Rs2.467 trillion. Despite recovery claims of over 92.44%, the sector continues to grapple with chronic losses, revealed recent data on Discos’ performance. Discos are contributing Rs50 billion monthly to the circular debt. Alarmingly, a portion of…
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LAHORE: The Punjab government has announced ambitious plans to advance solar energy initiatives across the province. Chief Minister Maryam Nawaz has directed the swift implementation of free solar energy schemes for citizens, with a major focus on converting government buildings to solar power by June. The renewable energy project aims to reduce reliance on conventional power sources while promoting sustainability.…
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LAHORE: The World Meteorological Organization (WMO) has officially confirmed that 2024 is the hottest year ever recorded. According to the WMO report, the past decade (2015–2024) comprises the ten warmest years on record. Based on six international datasets, the last ten years have witnessed unprecedented temperature records. For the first time, the global average temperature exceeded the 1850–1900 baseline by…
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ISLAMABAD: In a decisive move to combat power theft and inefficiencies in Sindh’s power sector, the federal government has inducted officers from intelligence, investigation, and law enforcement agencies into the Sukkur Electric Power Company (Sepco). This initiative marks the first deployment of a Disco Support Unit (DSU) in Sindh, following prolonged political and bureaucratic resistance. A notification from the power…
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KARACHI: Experts have raised alarms over the environmental impact of coal mining in Tharparkar, Sindh, highlighting its role in increasing lightning strikes in the region. Greenhouse gas (GHG) emissions from coal mining and power plants are driving localized warming and atmospheric humidity, contributing to severe weather anomalies, according to a study launched on Friday by the Policy Research Institute for…
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