Day: May 28, 2024

Mr. Mohammed Rajpar Awarded Commander of the Order of the Crown by Belgian Ambassador

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General-Shipping

In a recent ceremony, Mr. Mohammed Rajpar, Managing Director of General Shipping Agencies (Pvt) Ltd, and Chief Executive of the Pakistan Belgium Luxembourg Business Forum, was conferred with the prestigious Commander of the Order of the Crown. This high civilian honor, bestowed by His Excellency Charles Delogne, the Belgian Ambassador to Pakistan, recognizes Mr. Rajpar’s dedication to nurturing business and cultural relations between Pakistan and Belgium over the past two decades. The event drew a distinguished audience from various sectors, including politics, government, diplomacy, and business. Notable attendees included: Mr.…

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AGP Uncovers Major Irregularities in Oil and Gas Sector

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oil and gas

ISLAMABAD: The Auditor General of Pakistan (AGP) has unearthed significant policy deviations and inefficiencies by the Director General Petroleum Concession (DGPC) in managing oil and gas exploration companies, leading to substantial losses for the national exchequer. An audit revealed that gas production dropped from 4,047.95 million cubic feet per day (mmcfd) to 3,597.36 mmcfd, and crude oil production fell from 86,481.375 barrels of oil per day (bopd) to 76,739.479 bopd between 2015-16 and 2019-20. This decline highlights a downward trend in hydrocarbon production over the past five years. The Performance…

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PM Forms Committee to Evaluate Additional Utility-Scale Renewable Energy Projects

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solar-panel

ISLAMABAD: Prime Minister Shehbaz Sharif has established a committee to assess the benefits of additional utility-scale renewable energy projects in the public sector. According to sources, the committee will independently evaluate the technical, commercial, and economic parameters of integrating additional solar capacity into the power system, as reported by Business Recorder. The committee comprises the following members: Musadik Malik, Minister for Petroleum (Convener)Capt Muhammad Mahmood (retired), Secretary IT&T (Member)Waseem Mukhtar, Chairman Nepra (Member)Fiaz Ahmed Chaudhry, LUMS (Member)Gerwin Dareesmann, Renewable Energy Expert (Member)Muhammad Shaid, CEO Pak Solar (Member)Syed Faizan Ali Shah,…

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Sharjeel Memon Criticizes K-Electric Over Inflated Bills and Power Outages

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K-Electric

KARACHI: Sindh Information Minister Sharjeel Inam Memon harshly criticized K-Electric (KE) on Monday for issuing inflated bills to consumers and causing prolonged power outages across Karachi. In his statement, Memon referred to KE as an “uncontrolled horse” and called for an audit of the company’s balance sheet to determine its profit margins. He pointed out that under an agreement, KE is obligated to spend 1% of its earnings on network expansion and maintenance, yet power outages persist during rain and heatwaves due to tripped feeders. He highlighted a recent resolution…

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KMC to Shift Street Lights on 106 Roads to Solar Energy

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solar-energy

KARACHI: In response to rising electricity tariffs, the Karachi Metropolitan Corporation (KMC) has announced plans to install solar-powered street lights on major roads across the city. This initiative will be carried out under the World Bank-funded Competitive & Liveable City of Karachi (CLICK) project, as stated by Mayor Barrister Murtaza Wahab during a meeting at his office on Monday. The project will begin with the installation of solar-powered street lights on Sharea Faisal, Shahrah-i-Iran, and Marine Drive, with an initial cost of Rs1 billion. These three roads are the focus…

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