Month: February 2023

Electricity Theft And Its Crippling Financial Impact

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power-theft

Power burglary in Pakistan is a wild and developing issue, costing the country up to Rs 380 billion every year. Its effect on the purchasers will ascend to rupees 520 billion yearly. Government Secretary Power Division Rashid Mahmood Langrial told Public Gathering advisory group. He further said that on the off chance that heap the board was not done the monetary weight on customers would be Rs 540 billion every year. He admitted that not just the DISCO officials were engaged with power burglary however ABC links program had likewise…

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Saudi Arabia Reiterates That OPEC+Decisions Are Not Political

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saudia-arabia-opec

The OPEC+ coalition puts together its choices with respect to oil market basics, not on political inclination, the energy pastor of OPEC’s accepted chief, Saudi Arabia, said on Monday, repeating past remarks from OPEC+ that it is taking a gander at the business sectors while settling on oil creation levels. The choices of the OPEC+ collusion, which is driven by Saudi Arabia and Russia, are not politicized, Saudi Energy Pastor Ruler Abdulaziz receptacle Salman said at an occasion in Riyadh today, as conveyed by Reuters. OPEC+ is sufficiently adaptable to…

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Charter of Economy Governor KPK Has Assured Business Community of Support Irfan Iqbal Sheikh

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Mr. Irfan Iqbal Sheikh, President FPCCI, has welcomed the whole-hearted support of Governor KPK, Haji Ghulam Ali, to the business, industry and trade community on the FPCCI-proposed Charter of Economy aimed at 10 – 15 years of continuity in economic policies & plans. He gave this message on the occasion of Governor’s visit to the FPCCI Head Office Karachi along with other notable parliamentarians. Mr. Irfan Iqbal Sheikh said that Haji Ghulam Ali can effectively utilize his high office to very persuasively relay the concerns, issues and complaints to the…

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OGDCL Announced Financial Results for The Half Year Ended December 31, 2022

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ogdcl

The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on 22nd February, 2023 at OGDCL Head Office, Islamabad announced the financial results for the half quarter ended 31st December, 2022 of fiscal year 2022-23. Net sales revenue clocked at Rs.203.235 billion translating to Profit after tax of Rs. 95.011 billion and earnings per share of Rs. 22.09.The Board of Directors announced an interim cash dividend for the quarter ended December 31, 2022 @ Rs. 2.25 per share i.e. 22.50 percent. This is in…

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IEA Warns of Tighter Energy Supply Next Winter

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lng-supply

Global Energy Organization (IEA) head Fatih Birol has cautioned of conceivable energy deficiencies the following winter as generally minimal new condensed petroleum gas (LNG) is coming to the market while China’s utilization is set to rise this year. European legislatures settled on many right choices throughout the past year to guarantee energy supply, for example, fabricating more LNG terminals to supplant pipeline conveyances of Russian gas, Birol told Reuters uninvolved of the yearly Munich Security Gathering on Saturday. However, they likewise lucked out, he said, with a gentle winter hosing…

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