October 15, 2020 -

Pakistan, World Bank sign $1.15bn accords for clean energy projects in KP

October 15, 2020June 9, 2023 Admin

ISLAMABAD: Pakistan and the World Bank on Thursday signed two agreements related to renewable energy and hydropower projects, worth $1,150 million, in Khyber Pakhtunkhwa. These include the $450 million ‘KP Hydropower & Renewable Energy Development Project’ and the $700 million Evacuation of Power from DASU Hydropower Project (Phase-I). The first project will support construction of 88MW Gabral-Kalam Hydropower Project and 157MW…

PIA CEO announces reward for air hostess who returned lost cash to passenger

October 15, 2020June 18, 2023 Admin

ISLAMABAD: Pakistan International Airlines (PIA) Chief Executive Officer (CEO) Air Marshal Arshad Malik on Tuesday announced an Rs100,000 reward for an air hostess of the national flag carrier, ARY News reported. PIA air hostess has set an example today after she returned lost cash to the vigilance team for return to its owner at Jinnah International Airport, Karachi. As per…

Two RLNG pipelines from south to north will be built: ISGS MD

October 15, 2020April 30, 2023 Admin

ISLAMABAD: In a new development, the government has decided to build with GIDC (Gas Infrastructure Development Cess) funds two RLNG pipelines, each with capacity to transfer 1.6 bcfd (billion cubic feet gas per day), with diameter of 56 inches. The country is going to have more LNG terminals on private-to-private business model in the next three years time, with total…

Oil Prices Sink Ahead Of Industry Reports

October 15, 2020June 18, 2023 Admin

Major oil benchmarks dipped on Monday ahead of two major oil industry reports that are set to be released on Tuesday of this week. The IEA is set to publish it’s World Outlook 2020 on Tuesday, followed by OPEC’s Monthly Oil Market Report (MOMR). Both are much-anticipated industry reports that are set not only to shed light on oil production…

Government gives green signal to Gwadar International Airport

October 15, 2020June 6, 2023 Admin

ISLAMABAD: The government on Monday approved, in principle, the New Gwadar International Airport project at a cost of Rs55.4 billion, about 147% higher than the first revision, and also sanctioned a reduction in the scope of an important Gwadar road scheme. The decisions were taken by the Central Development Working Party (CDWP) – a body having mandate to scrutinise and approve…

Byco partners with HBFC

October 15, 2020April 9, 2023 Admin

KARACHI: Byco Petroleum Pakistan Limited entered into an alliance with the House Building Finance Company Limited at a ceremony held at Byco’s head office in Karachi, a statement said on Monday. Azfar Saeed Baig, Byco’s VP, AHR, and Faisal Murad, group head, Business and Operations, HBFC, signed the memorandum of understanding in the presence of senior executives from both the…