Day: December 5, 2024

Pakistan defers LNG contract with Qatar for a year, petroleum minister says

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pakistan petroleum qatar

ISLAMABAD: Pakistan has deferred its liquefied natural gas (LNG) contract with Qatar for a year, Petroleum Minister Musadik Malik said on Wednesday, adding that the country will now get LNG cargoes from Qatar in 2026 instead of 2025. Annual power use in Pakistan, which gets over a third of its electricity from natural gas, has declined 8-10% year-on-year over the past three quarters, the country’s power minister told Reuters in November, primarily due to higher tariffs curbing household consumption. Qatar LNG contract: Strategy being mapped out to seek review The South Asian nation…

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Pakistan plans to bring Elon Musk’s satellite company Starlink to Pakistan

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elon musl

Minister of State for Information Technology Shaza Fatima has said that the government is trying to bring the world’s billionaire Elon Musk’s satellite company Starlink to Pakistan. The minister stated this during a meeting of the Senate Standing Committee on IT and Telecom chaired by Palwasha Khan. Chairman Palwasha Khan said that whatever initiative the Ministry of IT takes, it puts the responsibility on the Ministry of Interior. I don’t understand why we have the Ministry of IT, she added while lashing out at the ministry. The IT officials said…

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Sindh government & UN hosted dialogue on development

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sindh goverment

KARACHI (Dec 5): Sindh Chief Minister Murad Ali Shah emphasized the critical need for collaboration between local and international stakeholders to tackle the province’s multifaceted challenges and pave the way for sustainable and inclusive development. The Sindh government and UN hosted and event to Strengthen Collaboration with International Development Partners at local hotel. Minister P&D Syed Nasir hosted the event. Sindh Chief Minister Syed Murad Ali Shah presiding over a high-level strategic dialogue meeting at a local hotel , attended by representatives from the United Nations, international development partners, ambassadors,…

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PM likely to inaugurate two KE projects

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K-Electric

ISLAMABAD: Prime Minister Shehbaz Sharif is likely to inaugurate two key projects by K-Electric: the Kanupp-KE Interconnection (KKI) and the Dhabeji Grid Station. These projects are designed to improve electricity supply for consumers served by the power utility company. In a letter to the Prime Minister, K-Electric’s Chief Executive Officer (CEO), Syed Moonis Abdullah Alvi, highlighted that these landmark energy projects—the 500/220 kV Kanupp K-Electric Interconnection Grid Station and the 220 kV Dhabeji Grid Station—will enhance the reliability and affordability of the power supply to Karachi, the country’s economic hub. According…

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Pakistan’s Petroleum Sales Reach 25-Month High Amid Price Cuts and Stabilization

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Petrol-Diesel

November 2024 petroleum sales surge 15% YoY to 1.58 million tons, the highest in over two years. Macroeconomic stabilization, reduced smuggling, and lower prices drive demand.High-Speed Diesel (HSD) sales reach a 30-month high, fueled by seasonal agricultural demand. KARACHI: Pakistan’s petroleum product sales hit a 25-month peak in November 2024, with a 15% year-on-year (YoY) increase to 1.58 million tons, driven by lower prices, economic recovery, and stricter measures against smuggling. Cumulative sales for the first five months of FY25 stood at 6.8 million tons, reflecting a 5% YoY growth.…

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