Month: March 2024

EU and Egypt Agree on 7.4 Billion Euro Deal Focused on Energy and Migration

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Euro-Deal

A high-level delegation from the European Union (EU), led by European Commission President Ursula von der Leyen and joined by leaders from Austria, Belgium, Cyprus, Greece, and Italy, visited Egypt to announce a significant financial package totaling 7.4 billion euros. The deal, aimed at enhancing energy trade and addressing irregular migration flows to the EU, includes various components such as credit for Egypt and increased energy sales to reduce reliance on Russian gas. The Strategic and Comprehensive Partnership agreement encompasses five billion euros in loans over four years, 1.8 billion…

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SSGC Seeks OGRA Approval for Gas Price Hike

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Gas-Prices

Sui Southern Gas Company (SSGC) Limited has formally approached the Oil and Gas Regulatory Authority (OGRA) to endorse an escalation in gas tariffs for consumers in Sindh and Balochistan. According to sources, SSGC has lodged a formal request with OGRA, urging for a further increase of Rs274.40 per MMBTU, effective retrospectively from July 1, 2024. The company’s objective is to establish a new average gas rate at Rs1740.80, contrasting with the current average of Rs1696.39 per MMBTU. The application underscores SSGC’s revenue deficit, amounting to a staggering Rs79.63 billion. Specifically,…

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Awais Leghari Assigned Ministry of Power

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awais-lagari

Prime Minister Shehbaz Sharif made a significant cabinet reshuffle on Sunday, appointing Sardar Awais Ahmad Khan Leghari as the Minister of Power, replacing his previous role as Minister of Railways. A notification issued by the Cabinet Division disclosed the change, indicating that Musadik Masood Malik, who recently assumed the additional portfolio of Power, would be succeeded by Leghari. The cabinet, formed under Shehbaz’s leadership earlier this month, comprises Khawaja Muhammad Asif as Defense Minister, Mohammad Ishaq Dar as Foreign Minister, and Muhammad Aurangzeb as Finance Minister.

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16th Annual CSR Summit & Awards-2024

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16th Annual CSR Summit & Awards-2024 March 16, 2024 Former PM Shahid Khaqan Abbasi strongly urges new federal govt to roll out privatisation agenda in energy sector to save national economy Islamabad Former prime minister, Shahid Khaqan Abbasi, has strongly urged the Shehbaz Sharif-led new federal government to urgently implement the agenda of privatisation, particularly in the energy sector as the greater involvement of the private sector is key to overcoming serious national economic woes.The former PM was addressed as the chief guest at the inaugural session of the 16th…

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Foreign Office Denies Reports of IAEA Official Visiting Pakistan

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New-IAEA

The Foreign Office has categorically dismissed recent reports claiming the presence of a high-level delegation from the International Atomic Energy Agency (IAEA) in Pakistan. The spokesperson clarified that there is no such visit currently underway, nor are there any planned policy discussions with the IAEA in the near future. The spokesperson emphasized that any stories regarding the IAEA’s visit to Pakistan are false and termed them as fake news. She specifically mentioned that the last official visit by the IAEA Director General took place in February 2023, during which the…

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