Month: March 2025

Jaffar Express attack: 21 passengers, 4 FC personnel lost lives as security forces kill ‘all terrorists’: DG ISPR

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dg ispr

Terrorists that attacked on Jaffar Express train in Balochistan killed 21 passengers and 4 Frontier Corps (FC), Lieutenant General Ahmed Sharif Chaudhry, Director General of Inter-Services Public Relations (DG ISPR) said on Wednesday while talking to a local TV channel. The DG ISPR said security forces killed 33 terrorists during the clearance operation. He mentioned that the terrorists had killed 21 passengers before the forces could reach them, and no civilian was harmed during the operations. Four FC personnel also lost their lives fighting against train attackers, he added. Terrorists blew up…

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WAPDA Awards Consultancy Contract for Hydraulic Research and Training Institute

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WAPDA-Project

Lahore – WAPDA has awarded a consultancy services contract worth Rs. 116.908 million to Associated Consulting Engineers Limited (ACE) for the procurement of unified master planning, engineering design, construction supervision, and contract administration for the Hydraulic Model Research and Training Institute at Chichoki Malian, Sheikhupura. The project is set to be completed in two and a half years. The contract signing ceremony took place at WAPDA House, where General Manager (Hydro Planning) WAPDA, Dr. Khawar Munir, and Regional Head North-ACE, Ghulam Arif Khan, signed the agreement on behalf of their…

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OGDCL Restores Oil Production at Rajian-11, Boosting Output to 1,000 BPD

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ISLAMABAD: Oil & Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production (E&P) firm, has successfully revived hydrocarbon production at Rajian-11, a heavy oil well located in the Chakwal district of Punjab. In a notice to the Pakistan Stock Exchange (PSX) on Wednesday, OGDCL announced that the well, which had been suspended since 2020 due to formation challenges, is now back in production after the installation of an Electrical Submersible Pump (ESP). “This initiative aligns with OGDCL’s broader strategy to enhance production using advanced artificial lift techniques,” the company…

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Govt Raises Gas Tariffs for Captive Power Plants Under IMF Pressure

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Gas-IMF

Key Points: ‘Grid levy’ on industrial captive power plants (CPPs) to increase incrementally until August 2026. IMF dissatisfied with power sector reforms and privatisation timeline; agricultural tax under review. ISLAMABAD: In a major policy shift, the government has notified a 23% increase in gas rates for industrial captive power plants (CPPs) and postponed a significant reduction in electricity tariffs to continue negotiations with the visiting International Monetary Fund (IMF) staff mission. The move comes as Pakistan seeks the disbursement of approximately $1.1 billion in the coming weeks. A senior official…

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Unlocking Pakistan’s Mineral Wealth: A Pathway to Economic Growth

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New-Project50

Pakistan is endowed with vast mineral resources that hold immense potential for economic growth and industrial development. With abundant reserves of coal, copper, gold, iron ore, chromite, and precious stones, the country’s mining sector has the capacity to become a significant contributor to national progress. However, despite its rich mineral landscape, the sector currently contributes only 3.2% to Pakistan’s GDP, with mineral exports accounting for a mere 0.1% of the global total. With increased exploration, foreign investment, and infrastructure development, Pakistan’s mining industry is poised for substantial growth. Spanning approximately…

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