Day: December 8, 2023

Sindh govt plans to induct 180 electric buses on BRTs feeder routes

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electric-buses

KARACHI (Dec 8): The Sindh government has decided to induct 180 electric buses -to be powered by solar energy- on the feeders of the BRTs so that cleaner and more efficient public transportation solutions could be established in addition to bringing an end to the operational subsidy. This was disclosed in a meeting held between Sindh Chief Minister Justice (retd) Maqbool Baqar and Asian Development Bank high power delegation led by Ms. F. Cleo Kawawaki, Principal Director and Head of Office of Market Development and PPPs (OMDP). The other delegation…

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Pakistan Stock Exchange Honors Top 25 Companies for Excellence in 2022

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Pakistan-Stock

In a prestigious event, the Pakistan Stock Exchange (PSX) recently unveiled the winners of the highly anticipated Top 25 Companies Awards for the year 2022. The awards celebrate businesses that have demonstrated outstanding financial performance, operational excellence, and a commitment to sustainability and ESG initiatives.The Top 25 Companies Awards highlight PSX’s commitment to steering listed companies toward financial growth while emphasizing environmental, social, and governance factors. PSX has also demonstrated its dedication to sustainability by signing UN Women’s Empowerment Principles and joining the United Nations Sustainable Stock Exchanges (UN SSE)…

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OGDCL Achieves Another Major Gas Condensate Discovery at Dars West Well #02 in Sindh

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ogdcl-01

ISLAMABAD, December 08, 2023: As a result of the aggressive exploration strategy, the Oil & Gas Development Company Limited (OGDCL) has successfully discovered gas and condensate at Dars West Well #02, located in the Tando Allah Yar district of Sindh province.The exploratory efforts at Dars West Well #02, part of the Dars West Development and Production Lease Joint Venture, were led by OGDCL as the operator with a 77.5% stake, and GHPL holding a 22.5% carried interest. The well, drilled to a depth of 2081 meters, penetrated the “C” Sands…

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SNGPL seeks significant security deposit increase for gas consumers

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gas-shortage

The suggested hike could raise the security deposit for RLNG consumers to Rs50,000, up from the current Rs15,000 for those using over 1.67 cubic meters of gas per month ISLAMABAD: The Sui Northern Gas Company Limited (SNGPL) has requested a significant security deposit increase for domestic gas consumers in a proposal submitted to the Oil and Gas Regulatory Authority (Ogra). The suggested hike could raise the security deposit for RLNG consumers to Rs50,000, up from the current Rs15,000 for those using over 1.67 cubic meters of gas per month. For…

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Conversion of plant to Thar coal: JPCL CEO asks PD to take informed decision

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Thar-coal

ISLAMABAD: Chief Executive Officer (CEO), Jamshoro Power Company Limited (JPCL) has asked Power Division to take informed decision on conversion of plant from imported coal to Thar coal with specific consideration on environmental impacts, and financial close of the conversion option. CEO, JPCL, Tanzil Rahim, in a letter to Power Division stated that he has been directed and authorized by Board of Directors (BoD) JPCL in its meeting held on November 22, 2023 to convey the point of view of Board of Directors JPCL that based on the preliminary evaluation…

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