Month: February 2024

Independent Committee Confirms Power Firms’ Overbilling, Shifts Blame to PDM Government and Regulatory Authority

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PDM-Government

An independent inquiry committee, formed to investigate allegations of illegal overbilling by power distribution companies (Discos) in Pakistan, has confirmed the accusations made by the power regulator. However, the committee absolved the Discos of deliberate and malicious intent, attributing the overcharging partly to decisions made by the previous coalition government led by the PDM (Pakistan Democratic Movement) and the hasty actions of the National Electric Power Regulatory Authority (Nepra). Led by former federal secretary Irfan Ali, the committee comprised members with experience in the Power Division. Their 37-page report criticized…

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Fuel Prices Expected to Increase by Up to Rs4 per Litre

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petroleum-group

ISLAMABAD: Anticipated adjustments in international prices, import premiums, and exchange rates are likely to result in an increase of Rs1-4 per litre for petrol and high-speed diesel (HSD) on Thursday (February 29) for the upcoming fortnight. Sources familiar with the matter indicate that minor fluctuations, ranging from 10 to 50 cents per barrel, were observed in the prices of petrol and HSD in the international market over the past two weeks. Additionally, the Pakistan State Oil (PSO) faced higher import premiums for petrol. Consequently, petrol prices are projected to rise…

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OGDCL Inaugurates Pakistan’s First Digital Drilling Hub to Digitalize Oil and Gas Sector

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New-OGDCL

ISLAMABAD, February 28, 2024: The Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading oil and gas company, on Wednesday inaugurated the country’s premier Digital Drilling Hub. This transformative facility, the first of its kind in Pakistan, marks a significant milestone in OGDCL’s commitment to leading-edge technological advancements within the industry.The Digital Drilling Hub, a flagship initiative of OGDCL’s Petroserv Directorate, represents a strategic leap forward in embracing digitalization to optimize both the planning and execution phases of high-profile drilling activities. Equipped with state-of-the-art engineering platforms, real-time data analytics, artificial…

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Digitization of Pre-Historic Rock Carvings in Diamer Basha Dam Project Area:

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Basha-Dam

WAPDA awards Consultancy Services Contract February 28, 2024: The Pakistan Water and Power Development Authority (WAPDA) signed a contract worth Rs. 46.5 million with Quality Solutions Technologies (Pvt) Ltd for consultancy services for digitization of significant rock carvings in direct area of impact of Diamer Basha Dam with modeling and preparation of data for 3D printing. The major scope of services include site documentation through terrestrial scanner and consolidation as well as archiving and modelling of scanned data for various applications. The duration of the contract is eight months. In…

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First meeting of FPCCI Energy Committee held.

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Energy-Committee

High officials and energy experts discussed challenges in energy sectorKarachi (February 28, 2024) The first meeting of FPCCI Central Standing Committee on Energy 2024-2025 was held under the chairmanship of the convener of the committee, Malik Khuda Bakhsh.The meeting was attended by business leaders and technocrats. Utilization of available resources, search for new resources and various suggestions were considered. Executive Director OGRA (Islamabad) Imran Akhtar, SSGC General Manager Kamran Nagi, General Manager Sindh Transmission Tariq Saeed, Chairman PPDA Abdul Sami Khan, General Manager Altas Group of Companies Munis Iqbal, Technical…

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