Year: 2023

Oil marketing companies’ sales jump 19pc in October

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Petrol-price

KARACHI: Oil marketing companies recorded volumetric sales of 1.26 million tonnes in October, up 19 per cent from a month ago but down 24pc on an annual basis. According to a note by Topline Research on the latest industry data, the monthly jump in volumetric sales is due to the low base of the preceding month. In addition, higher prices and the fact that consumers waited in anticipation of a decline in prices to fill up their fuel tanks were also contributing factors. The average petrol price in October came down to…

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CONSULTATIVE SESSION ON HUMAN RESOURCE AND PROFESSIONAL DEVELOPMENT IN THE MINING SECTOR OF PAKISTAN

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OGDCL

Islamabad 02.11.2023. Oil & Gas Development Company Limited OGDCL and Ministry of Energy (Petroleum Division) organized a day-long Conference and Consultative Session on the present state of qualified and trained Human Resource in the Mining and Mineral Sector of Pakistan. CEOs of Public Sector Mining Companies including Sandak Metals, PMDC and Pakistan Minerals Ltd along with Chairpersons of Mining Departments of Public Sector Universities participated in the event. Senior Management of the Higher Education Commission and Director General (Minerals) were also present. The event was organized in view of renewed…

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Denmark accelerating sustainable energy solutions in Pakistan

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sustainable-solutions

Karachi, 2 November 2023: In a landmark initiative to accelerate Pakistan’s clean energy transition, the Embassy of Denmark, in close collaboration with the Danish Energy Agency, unveiled its flagship event, ‘GreenTech’. This event marked Denmark’s unwavering commitment to bolster Pakistan’s pursuit of a more environmentally friendly and sustainable energy landscape. GreenTech was not just another conference; it represented a pioneering endeavor that promised to redefine Pakistan’s approach to sustainable energy solutions. Pakistan, a nation striving to harmonize the imperatives of economic growth, energy security, and environmental preservation, found GreenTech a…

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OGDCL ANNOUNCED FINANCIAL RESULTS FORTHE FIRST QUARTER ENDED SEPTEMBER, 30, 2023.

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ogdcl

Islamabad: The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on Ist November, 2023 at OGDCL Head Office, Islamabad announced the financial results for the first quarter ended 30th September, 2023 of fiscal year 2023-24. Net sales revenue clocked at Rs. 120.140 billion translating to Profit after tax of Rs. 49.037 billion and earnings per share of Rs. 11.40The Board of Directors announced first interim cash dividend to its shareholders @ Rs. 1.60 per share i.e. 16 percent. The dividend will be paid…

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Chronic air pollution in Punjab

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pollution

Immediate solution is water sprinkling tried in many SE Asian countries, Delhi ISLAMABAD: As usual there is again a smog attack in Punjab, especially in and around Lahore, Faisalabad and Gujranwala regions. The problem is so intense that there is a proposal for calling every Wednesday off for the coming few months. Smog causes a variety of respiratory, eyes and skin diseases, making life miserable for the affectedand their families. Smog is caused by a combination of smoke (air pollution) and fog. Air pollution particles ride on fog water and…

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