Year: 2024

“Power Sector Reforms Yield Significant Results: Minister”

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Power Division

Islamabad: The Power Division has announced significant achievements in the power sector, citing a decrease in electricity prices, elimination of cross-subsidies, and substantial national savings. According to a press release, the average electricity price has decreased to PKR 44.04 per unit from PKR 48.70 per unit in June 2024, marking a reduction of PKR 4.66. Industrial electricity prices have also seen a significant drop to PKR 47.17 per unit, down from PKR 58.50 per unit in June 2024, reflecting a reduction of PKR 11.33. The government has also eliminated PKR…

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Government of Pakistan Power Division Press Release

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Power Division

<><><><> Electricity prices witnessed RS 11.33 per unit for industrial and Rs.4.66 per unit domestic decrease since June 2024 Rs. 150 Billion eliminated in cross-subsidies for industrial sector Rs 55 billion earmarked for 27000 tubewells Agreemnets with IPPs results in Rs.411 billion national saving Bijli Sahulat Package with special tariff of Rs.26.07 per unit introduced Minister for Power, Sardar Awais Ahmed Khan Leghari, Highlights Key Achievements in the Power Sector in the Last 9 Months Islamabad, Dec 28th, 2024 – The Minister for Power, Sardar Awais Ahmed Khan Leghari, presented…

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MD PPL discusses key development and Community Uplift Initiatives with CM Balochistan

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New-PPL

Mr. Imran Abbasy, Managing Director and CEO of Pakistan Petroleum Limited (PPL) met Chief Minister (CM) Balochistan Mir Sarfraz Bugti at the CM House in Quetta on October 18 to discuss crucial matters related to resource exploration and community development in the province. During the meeting, Mr. Abbasy outlined PPL’s strategic plans for hydrocarbon exploration and mining in Balochistan, including updates on social development projects in the region. The conversation also touched upon the status of Sui Gas Field’s Development and Mining Lease. In relation to mining, Mr. Abbasy highlighted…

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PSO Approves gas Agreement with Azerbaijan’s SOCAR

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SOCAR-PSO

KARACHI: The Management Board of Pakistan State Oil Company Limited (PSO), a leading state-owned oil marketing company, has approved the execution of a Sale and Purchase Agreement (SPA) with the State Oil Company of the Republic of Azerbaijan (SOCAR). As per a notice issued to the Pakistan Stock Exchange (PSX), PSO received the signed agreement from SOCAR on December 24. The execution of the SPA will proceed shortly. Earlier, on November 8, PSO had assured stakeholders of providing updates once the agreement was finalized. This development follows a series of…

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PTT Oil and Retail Business Charts Path to Global Leadership with Sustainability at the Core

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PTT-Oil

PTT Oil and Retail Business Charts Path to Global Leadership with Sustainability at the Core December 27, 2024 BANGKOK, THAILAND – Media OutReach Newswire – 27 December 2024 – PTT Oil and Retail Business Public Company Limited (OR) is driving international growth and sustainable innovation, leveraging its diverse portfolio to navigate volatile global markets. Amid geopolitical uncertainties and fluctuating oil prices, OR has posted robust financial results and unveiled a strategic roadmap aimed at transforming its business for a sustainable and inclusive future. For the first nine months of 2024,…

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