Month: August 2024

OCAC urges OGRA to thoroughly probe into unnecessary HSD imports to ensure oil industry’s survival

Admin
OGRA

The Oil Companies Advisory Council (OCAC) has urged the Oil and Gas Regulatory Authority (OGRA) to thoroughly investigate the issue of unjust and unnecessary imports of High-Speed Diesel to ensure the survival of Pakistan’s petroleum industry.The demand to this effect is contained in a recent letter sent by the OCAC Chairman, Adil Khattak, to the OGRA Chairman.The OCAC Chairman informed the OGRA chief in the letter that the unjustified HSD imports by an Oil Marketing Company, which started at 15,000 MT per month have alarmingly increased to 40,000 MT per…

Read More

Sindh Holds Workshop to Discuss 500 MW Floating Solar Power Project at Keenjhar Lake

Admin
Solar-group

KARACHI: The Sindh Energy Department, in collaboration with the United Nations Development Programme (UNDP) and the United Nations Department of Economic & Social Affairs (UN DESA), hosted a stakeholder engagement workshop on Thursday to deliberate on the 500 MW Floating Solar Power Project at Keenjhar Lake in Thatta district. Held at a hotel in Karachi, the workshop is part of broader efforts to attract private sector investments through feasibility studies, investor matchmaking, and presentations at the SDGs Investment Fair. Key participants included representatives from various government departments such as energy,…

Read More

Arshad Nadeem Makes History with Olympic Gold, Sets New Record

Admin
Arshad-Nadeem

Arshad Nadeem Makes History with Olympic Gold, Sets New Record August 9, 2024 ISLAMABAD: Pakistan’s Arshad Nadeem has made history by winning the country’s first-ever Olympic gold medal in athletics, setting a new Olympic record in the javelin throw with a remarkable distance of 92.97 meters. This historic achievement marks Pakistan’s first Olympic gold since 1984 and its first medal in athletics, a monumental milestone for the nation. Nadeem’s victory came after he bested India’s defending champion Neeraj Chopra, securing the top spot with his record-breaking throw. “When I released…

Read More

HCSTSI Demands Transparency in Hesco’s Tax Collection and Utilisation

Admin
Power-sector

KARACHI: Muhammad Farooq Shaikhani, President of the Hyderabad Chamber of Small Traders and Small Industry (HCSTSI), has formally requested Hyderabad Electric Supply Company (Hesco) to provide detailed information on the collection and utilisation of various taxes, including extra charges and late surcharges on electricity bills. In a letter addressed to Hesco CEO Roshan Ali Otho, Shaikhani demanded comprehensive data on the total amount collected from commercial and industrial consumers in Hyderabad over the past ten financial years. The request seeks transparency in how these collected taxes, amounting to billions of…

Read More

Government Launches Probe into Rs135 Billion Fuel Scam; Committee Formed to Investigate Hazardous Fuel Import

Admin
Fuel-Import

ISLAMABAD: The government has initiated an investigation into a Rs135 billion scam involving the illegal import and sale of highly inflammable and hazardous fuel, disguised as an industrial chemical. A fact-finding committee, consisting of seven members and led by Additional Secretary Petroleum Hasan Mehmood Yousufzai, has been established to probe the scandal and provide recommendations within a week. The committee, formed after intervention from the Prime Minister’s Office, will investigate the import, clearance, and sale of Light Aliphatic Hydrocarbon Solvent, a petroleum product in violation of the Petroleum Act 1969…

Read More