Day: October 25, 2024

Iran, Pakistan explore avenues of cross-border energy cooperation

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Pakistan-Iran

TEHRAN – Energy ministers of Iran and Pakistan met and held talks on the sidelines of the Third Belt and Road Ministerial Conference held in Qingdao, China. In this meeting, Abbas Ali-Abadi and Sardar Awais Leghari discussed future collaboration, particularly focusing on the development of electricity projects in border regions, IRNA reported. In this regard, Awais Leghari underscored the importance of cross-border energy projects in boosting connectivity and trade. Exchanging views on the need for enhanced energy connectivity amongst the regional countries, both sides underlined the importance of strengthening energy…

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OGDCL Announces Financial Results for Quarter Ended Sept 30, 2024

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OGDCL

The Board of Directors of OGDCL, in its meeting held on Friday, October 25, 2024, in Islamabad, announced the financial results for the quarter ended September 30, 2024. The company reported net sales revenue of Rs. 106.01 billion, with a profit after tax of Rs. 41.019 billion, translating to earnings per share (EPS) of Rs. 9.54.The Board announced a first interim cash dividend of Rs. 3.00 per share (30%) for the quarter ended September 30, 2024, up from Rs. 1.60 per share (16%) during the same period last year (2023).…

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Electricity prices further jacked up by Rs3.76 per unit

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electricity price increased

KARACHI: The National Electric Power Regulatory Authority (Nepra) on Tuesday hiked the per unit price of electricity by Rs3.76 per unit on account of quarterly fuel adjustment. According to a notification issued by the power regulator, the increase will be applicable for three months this year — June, July and August. As a result of the latest hike in electricity prices, consumers will face higher electricity bills, with additional rates of Rs 1.90 per unit in June, Rs 0.93 per unit in July and August. Furthermore, this tariff hike will…

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No more need to Imports HSD OGRA

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OGRA

Oct 24, Oil and Gas Regulatory Authority rebuts the news, that the country is carrying healthy stocks of HSD, suggesting no more need to import HSD in view of the ample supplies available with the refineries. It is clarified that HSD sales in the current month of October 2024 are up by 21% against the projected sales due to anti smuggling drive initiated by the Federal Government and the start of the agri season. The high sales have depleted the stocks that were reported as high earlier by refineries and…

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