Month: January 2025

Government Deploys Intelligence Officers to Curb Power Theft in Sindh

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Power-sector

ISLAMABAD: In a decisive move to combat power theft and inefficiencies in Sindh’s power sector, the federal government has inducted officers from intelligence, investigation, and law enforcement agencies into the Sukkur Electric Power Company (Sepco). This initiative marks the first deployment of a Disco Support Unit (DSU) in Sindh, following prolonged political and bureaucratic resistance. A notification from the power division over the weekend outlined the structure of the DSU, which will operate for two years. The Sepco CEO and the Sector Commander of civil armed forces will serve as…

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Ahmed Hayat Lak Reappointed as MD & CEO of OGDCL for 3 Term

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Ahmed-Hayat

The Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) firm, has reappointed Ahmed Hayat Lak as Managing Director and Chief Executive Officer (MD & CEO) for a three-year term. The announcement was shared via a notice to the Pakistan Stock Exchange (PSX) on Thursday. “This is to inform that the Board of Directors of the company has appointed Ahmed Hayat Lak as the Managing Director/CEO of the company for a term of three years, effective from January 9, 2025,” the notice stated. Previously, in February…

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Study Links Rising Lightning Strikes in Thar to Coal Mining Operations

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thar-parkar

KARACHI: Experts have raised alarms over the environmental impact of coal mining in Tharparkar, Sindh, highlighting its role in increasing lightning strikes in the region. Greenhouse gas (GHG) emissions from coal mining and power plants are driving localized warming and atmospheric humidity, contributing to severe weather anomalies, according to a study launched on Friday by the Policy Research Institute for Equitable Development (PRIED). The study, titled “Exploring the Link Between Lightning Strikes and Coal: A Case Study of Tharparkar,” reveals a sharp rise in thunderstorms and lightning strikes, particularly in…

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Pakistani Minister Engages Korean Investors Amid Project Challenges

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Pak-Koria

ISLAMABAD: Korean investors have raised concerns with Pakistani Commerce Minister Jam Kamal Khan regarding delays and issues affecting development projects in Pakistan during his visit to South Korea. Executive Director UM Sung-Yong of the EDC Operation Group at Korea Eximbank outlined the status of ongoing projects, detailing processes of approval, scrutiny, and execution. He acknowledged the efficient handling of projects by Pakistani departments but emphasized the need for expedited approvals to enhance progress. Korea Eximbank has allocated $1.1 billion under the Economic Development Cooperation Fund (EDCF) for Pakistan for 2022–2026.…

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