Day: January 16, 2025

Internet Slowdown Still Persists After Installation of World’s Largest Undersea Cable in Pakistan

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Undersea Cable in Pakistan

Internet users across various cities in Pakistan continue to face slow connectivity, particularly during peak hours since two weeks after a fault was detected in the submarine cable AAA-1 near Qatar. Social media apps and web browsing remain sluggish for some users, prompting concerns over service reliability. A spokesperson for Pakistan Telecommunication Company Limited (PTCL) said internet traffic has been diverted to an alternative route to mitigate disruptions. The spokesperson said extra bandwidth has been arranged to maintain normal internet operations. The spokesperson assured that internet services are functioning normally…

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Govt promises cheapest electricity in the region

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cheapest electricity

• Slashes EV charging tariffs by over Rs30 per unit to promote clean energy• Expects electric vehicles to help cut oil bill by $6bn• Leghari seeks financing for rickshaw, small car owners ISLAMABAD: Promising the region’s lowest electricity tariff in a few months, the government on Wednesday decided to reduce power supply rates to electric vehicle charging stations (EVCS) by almost 44 per cent to an all-inclusive Rs39.70 per unit from Rs71.10 at present. This measure aims to promote clean energy and reduce the $6 billion annual fuel import bill for small…

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Qatar hikes March al-Shaheen oil term price to over 2-year high

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oil term price

SINGAPORE: QatarEnergy has raised the term price for al-Shaheen crude oil loading in March, trade sources said on Thursday, setting it at a premium that has been the highest in more than two years. The term price has risen by $2.76 to $3.81 per barrel, from the premium of $1.05 per barrel set for February-loading cargoes, the sources said. The premium is at its highest level since prices were set in October 2022 for cargoes loading in December that year. Saipem wins $4bn contract from Qatar Energy The hike comes…

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Race to renewables: Attock Cement commissions 4.8MW windmill project

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windmill project

As Pakistan’s corporate sector increasingly turns to renewable energy to meet its power needs, Attock Cement became the latest entrant to join this trend, announcing the successful commissioning of a 4.8MW windmill project. The listed company shared the development in a notice to the Pakistan Stock Exchange (PSX) on Thursday. “We would like to convey the information that our windmill of 4.8MW capacity has been successfully commissioned and is now fully operational with effect from January 15, 2025. Following the announcement, the company’s share price surged to Rs228, an increase…

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OGDCL Begins Oil and Gas Production from Kharo-1 Well in Sindh

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KARACHI: Oil & Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production (E&P) firm, has officially started oil and gas production from its Kharo-1 well in Khairpur, Sindh. The company made this announcement in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. The Kharo-1 well is currently producing 20 barrels of oil per day (bpd) and five million standard cubic feet per day (mmscfd) of gas. The production has been connected to the OGDC Sinjhoro Processing Plant via a 6-inch, 12.5 km flow line, with the gas…

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