Month: May 2024

PPIB ROLE IN RENEWABLE ENERGY GENERATION

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Wind-Solar

PPIB ROLE IN RENEWABLE ENERGY GENERATION May 8, 2024 The Private Power & Infrastructure Board (PPIB) was established in 1994 as a one-window facilitator on behalf of the Government of Pakistan (GoP) to promote private investment in the power sector of Pakistan. Since its inception, PPIB has consistently remained a frontrunner institution in Pakistan’s power sector. Recognizing the performance and success of PPIB, the government, on the advice of multilateral organizations, merged the Alternate Energy Development Board (AEDB) into PPIB last year in order to transform it into a true…

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Nestlé Pakistan’s ‘Creating Shared Value’ report highlights sustainability efforts

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nestle-pakistan

Renewable energy and sustainable plastics for a sustainable tomorrow LAHORE: Building on its strong foundation, Nestlé Pakistan published its 2023 Creating Shared Value (CSV) Report, ‘Powering a Sustainable Tomorrow’ highlighting its commitments on climate action, sustainable plastics, regenerative agriculture, renewable energy and water regeneration, in line with the United Nations Sustainable Development Goals (UN SDGs). Highlighting Nestlé’s efforts, Jason Avanceña, CEO, Nestlé Pakistan, said, “We are committed to be a force for good throughout our value chain by creating shared value and delivering on our sustainability agenda. From reducing our…

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Petroleum Product Prices to Decline from May 16,

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Petrol-price

Petroleum Product Prices to Decline from May 16, Reflecting Global ShiftsEnergy Update Report: Petrol Anticipated to Drop by Rs 12/Litre, Diesel by Rs 9.70/Litre In an anticipated market move, petroleum product prices are set to decrease starting May 16, aligning with global trends. Petrol is expected to see a substantial drop of Rs 12 per litre, while diesel is forecasted to decrease by Rs 9.70 per litre, reflecting a decline in global gasoline prices to approximately $99.93 per barrel and diesel prices to $99.08 per barrel. Sales Trends Highlight Market…

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Shell Pakistan announces profit for Q1 2024

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shell-pakistan

Pakistan, May 8th, 2024 – The Board of Directors of Shell Pakistan Limited (SPL) announced the first quarter results for the company. The company posted a profit after tax of PKR 314 million compared to the loss after tax of PKR 4,762 million made in the same period last year. The Mobility business grew its network with 5 newly commissioned sites and refreshed 13 sites. The business added 13 non-fuel retail facilities across the network. The Lubricants business introduced Shell Lubricant Solutions, providing end-to-end lubricant services to B2B customers, rooted…

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OGRA Chief: Government Plans Phased Deregulation of Fuel Prices

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OGRA

Mansoor Khan, Chairman of the Oil and Gas Regulatory Authority (OGRA), announced that the government intends to deregulate petroleum prices in phases, with a collaborative approach involving all stakeholders. This decision comes in response to ongoing discussions regarding the deregulation of High-Speed Diesel (HSD) and petrol, addressing concerns and seeking consensus across the oil industry. Speaking at OGRA’s headquarters in Islamabad, Khan emphasized the importance of engaging relevant stakeholders, including dealers and oil marketing companies (OMCs), before implementing any deregulation measures. The government’s move follows a directive from the Prime…

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