Day: January 20, 2024

Turkish Company will set up solar panelsmanufacturing plant in Pakistan CG Turkiye

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New-Project

KARACHI: Consul General of Turkiye Cemal Sangu has said although Turkiye and Pakistan have been cooperating in many fields of trade and economy but the existing trade volume was very low which requires very hard work from the business communities of both countries.“We say we are brotherly but it doesn’t reflect in our trade. Keeping in view Pakistan’s and Turkiye’s population of 240 million and 85 million respectively, I can confidently say we have huge potential and opportunities not only in Pakistan but also in Turkiye, hence, the private sector,…

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1MW solar power plant installed in Hunza for uninterrupted power supply

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111-222

Plant aims to meet energy deficit in the region, ensure uninterrupted supply of electricity to localsThe Special Investment Facilitation Council (SIFC) of the government, in partnership with solar firm Energy NPAK has installed a one-megawatt solar power plant in Hunza district of Gilgit-Baltistan. The solar plant aims to meet the energy deficit in the region and ensure uninterrupted supply of electricity to the people living in these valleys.This public-private partnership project will play an active role in generating clean energy as well as mitigating global climate change.More than 2,300 solar…

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SSGC clarifies board issues

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SSGC

KARACHI: The Sui Southern Gas Company Limited (SSGC) said the election process of its board of directors has been delayed several times due to various reasons at the Petroleum Division level. “Detailed correspondence has been shared between SSGC and Petroleum Division, seeking clarification and path forward in this regard. Response was also obtained from SECP, where needed and detailed exchanges are available, clarifying that there was no delay in the process from SSGC Board,” the utility said in a statement on Friday. “SSGC’s managing director and the board have had…

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Oil association opposes govt’s decision to grant PSO sole diesel import rights

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pso

KARACHI: A group of oil marketing companies is opposing a government decision to give Pakistan State Oil (PSO), the country’s largest fuel supplier, the sole right to import high-speed diesel (HSD). The move would create a monopoly for the state-owned PSO and hurt the competitiveness and innovation of the oil sector, the Oil Marketing Association of Pakistan (OMAP), which represents the emerging companies, said in a letter to the petroleum secretary. “The move to allow PSO the sole authority for importing HSD raises serious concerns about fair competition and market…

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Mari Ghazij: MPCL announces successful drilling of another appraisal well

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mari-petrolium

KARACHI: Mari Petroleum Company Limited (MPCL) has announced successful drilling of another appraisal well in Mari Ghazij formation in the Mari Development and Production Lease (D&PL), Sindh. As part of the appraisal plan for the Ghazij discovery in the Mari Development and Production Lease, MPCL has successfully drilled and tested the second appraisal well in the Ghazij formation, material information sent to Pakistan Stock Exchange on Friday said. The well was spudded in on December 20, 2023, and drilled down to a depth of 1,014 meters. The post-acid gas flow…

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