Year: 2022

OGDCL Distributes Winter Relief Packages Among Flood Victims

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Being a responsible corporate entity, the Oil and Gas Development Company Limited (OGDCL) has distributed 1500 winter packages among the flood-affected people in the flood-hit areas of Southern Punjab, Sindh and Balochistan.OGDCL under its Corporate Responsibility Program (CSR) has scaled up the distribution of winter packages among flood victims as the winter season has started in the country.While taking lead in the flood relief activities, the company distributed 1500 winter packages among the flood-affected people; wherein, each package was comprised of a blanket, a shawl and three sweaters for a…

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Power tariffs: FPA returns to mean

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Electricity tariff adjustments are expectedly coming back to the mean. Having touched all-time highs to as high as Rs10/unit for monthly adjustment – the last two months have seen the FPA down to 21 and 8 paisas, respectively. The actual impact would still be higher, as the collection for August 2022 is spread over six months in equal installments of Rs1.65/unit. With sizeable quarterly tariff adjustments lined up, the overall tariff would remain considerably higher year-on-year, after the recent three-phased base tariff revision. The monthly fuel cost for September 2022…

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Pakistan, China agree to spur CPEC momentum: govt

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Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that Pakistan and China have agreed to revive the China-Pakistan Economic Corridor (CPEC) project which was left pending by the previous government. A six-member delegation of the Chinese People’s Association for Friendship with Foreign Countries (CPAFFC) led by its President Lin Songtian on Thursday called on Federal Minister for Planning, Development and Special Initiatives Prof Ahsan Iqbal and discussed the CPEC project after the recent visit of Prime Minister Shehbaz Sharif to China. On the occasion, the minister said that…

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Pakistan, KSA to Sign Several Pacts

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Pakistan and Saudi governments are giving final touches to several pacts including Bilateral Investment Treaty (BIT) during the forthcoming visit of Saudi Crown Prince and Prime Minister, Muhammad bin Salman to Pakistan, well informed sources told Business Recorder. Last week, a Pakistani delegation led by Minister of State for Petroleum and Natural Resources, Dr Musadik Masood Malik visited Saudi Arabia and met with Saudi Minister for Energy, Prince Abdulaziz bin Salman to devise a mutually agreed course of action on the joint energy initiatives including the establishment of an oil refinery…

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Why fossil fuel lobbyists rise for COP27 climate change summit

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Di number of delegates wey get links to fossil fuels wey dey in attendance for di UN climate summit jump to 25% from di last meeting. One analysis wey BBC get show. Campaign group Global Witness discover say more dan 600 pipo wey dey Egypt for di Climate Change Summit dey linked to fossil fuels. Dis one pass di combined delegations from di 10 most climate-impacted kontris. Around 35,000 pipo dey expected to attend di COP27 summit for di Red Sea resort of Sharm el-Sheikh. Dis conferences dey always attract…

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