Day: April 30, 2025

OGRA Member Finance Gets One-Month Extension Amid Ongoing Appointment Delays

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ISLAMABAD – The Cabinet Division has granted a one-month extension to the contract of the Member Finance of the Oil and Gas Regulatory Authority (OGRA), as the appointment of a regular member remains pending. According to an official notification issued on Tuesday, the federal government has once again opted for a short-term extension to ensure that the four-member OGRA commission remains functional. While this temporary arrangement keeps the authority operational, the key position of Member Gas continues to remain vacant for the past two years, raising concerns over regulatory efficiency…

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Chinese Business Delegation Explores Investment Opportunities Across Pakistan

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ISLAMABAD – A high-level delegation comprising top leadership from over a dozen leading Chinese companies has arrived in Islamabad to explore diverse investment opportunities in Pakistan. The visit is part of a broader initiative to strengthen bilateral economic ties and expand cooperation in key sectors. The delegation includes representatives from industries such as high-tech manufacturing, renewable energy, electronics, aviation, satellite communications, smart technologies, and mining. These companies will hold strategic meetings with senior Pakistani officials to identify avenues for collaboration and business development. Key organizations in the delegation include the…

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Huawei FusionSolar Installer Training Seminar Successfully Held in Lahore

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Diwan-Project

LAHORE: Diwan International (Pvt) Ltd, in collaboration with Huawei FusionSolar, successfully organized the Huawei Installer Training Seminar on *April 28, 2025, at **The Nishat Hotel, Gulberg, Lahore. The event brought together a vibrant gathering of *leading solar installers, EPC companies, and industry professionals from across the region. The seminar focused on empowering participants through advanced training on Huawei’s smart PV solutions and deepened engagement with the Huawei Installer Community Program. The interactive sessions covered technical insights, product demonstrations, and practical knowledge sharing—aimed at elevating installation standards and promoting solar innovation…

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Petroleum Dealers Decry Delay in Margin Hike, Seek Urgent Relief

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ISLAMABAD: Petroleum dealers have raised serious concerns over the government’s failure to implement a long-promised increase in their sale margins, pending since July 2023. They demanded immediate action on a commitment to raise their margins by Rs1.40 to Rs2.20 per litre on petrol and diesel. The issue was discussed at a meeting of the National Assembly’s Standing Committee on Petroleum, chaired by Syed Mustafa Shah. The committee directed the Petroleum Division, Oil and Gas Regulatory Authority (Ogra), and the Pakistan Petroleum Dealers Association (PPDA) to submit comprehensive reports to formulate…

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Oil Prices Slide 3% on Demand Concerns, Trade War Fears

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NEW YORK: Oil prices tumbled nearly 3% on Tuesday, reaching a two-week low, as concerns over weakening global demand and potential OPEC+ supply increases unsettled investors. Brent crude futures dropped by $1.70, or 2.6%, to $64.16 per barrel, while US West Texas Intermediate (WTI) crude slipped $1.55, or 2.5%, to $60.50. Both benchmarks were set for their lowest closing levels since April 10. Market sentiment was rattled by escalating US-China trade tensions, with analysts fearing that President Donald Trump’s aggressive tariff policies could trigger a global recession. A Reuters poll…

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