Month: June 2023

ISLAMABAD: The prices of petroleum products will remain unchanged until June 30, Finance Minister Ishaq Dar announced in a televised statement on Thursday. During the previous two rounds, the prices of petroleum products were significantly reduced, with high-speed diesel and petrol seeing reduction of Rs35 and Rs20 respectively, according to the minister. The minister explained that although the prices of petroleum products had slightly increased in the international market from June 1 to June 15, the government had decided to maintain the current prices. The ex-depot prices of POL products…

Read More

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) said on Thursday it had started production at its Wali gas field in the district of Lakki Marwat, Khyber Pakhtunkhwa province. The company said it would initially produce 10 million standard cubic feet per day (mmscfd) of gas and 1,000 barrels per day (bpd) of oil from the field. “The operator of the Wali (Bettani) Exploration License with a 100 percent working interest, is delighted to announce commencement of production from the Wali (Bettani) Oil & Gas Field situated in District Lakki…

Read More

ISLAMABAD: The Saudi company M/s Aljomaih Power has reportedly expressed its serious concerns over undue delay in resolution of issues related to K-Electric and nominated Habibullah Khan as its representative for meetings with government functionaries to sort out pending issues. In a letter to Prime Minister Shehbaz Sharif, Aljomaih Managing Director Abdulaziz Hamad Aljomaih referred to his meetings with him to discuss the long outstanding issues faced by K-Electric and its investment in Pakistan. Aljomaih appreciated that though the task force headed by former Prime Minister Shahid Khaqan Abbasi is…

Read More

ISLAMABAD: France signed a credit facility agreement of 180 million euros with Pakistan on Wednesday to finance the National Transmission and Dispatch Company (NTDC) for improving the transmission of electricity in the country. The Federal Secretary of the Economic Affairs Division (EAD) Dr. Kazim Niaz, Ambassador of France to Pakistan, Mr. Nicolas Galey, signed the agreement in the presence of the Country Director of the French Development Agency (AFD), at a reception held today. “The credit facility is for three NTDC projects located in Punjab in the vicinity of the…

Read More