Day: May 21, 2025

Govt, Deloitte Discuss Strategic Collaboration to Boost Energy Sector

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New-Project24

ISLAMABAD: A high-level delegation from Deloitte Advisory US, led by Richard Longstaff, held a meeting with Federal Minister for Petroleum Ali Pervaiz Malik on Tuesday to explore strategic cooperation for strengthening Pakistan’s energy sector. The discussion focused on leveraging Deloitte’s global expertise in risk advisory, digital transformation, and governance to address challenges and unlock opportunities in Pakistan’s oil, gas, minerals, and gemstone industries. Key themes included improving operational efficiency, mitigating risks, and promoting sustainable growth. Minister Malik emphasized the government’s commitment to modernizing the energy sector and acknowledged the potential…

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Govt to Launch Online Portal for Simplified Net-Metering Applications

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Net-Metering

ISLAMABAD: In a move to streamline the application process for net-metering connections, the government is set to introduce a digital portal aimed at enhancing transparency, efficiency, and user accessibility. The development was revealed during a meeting chaired by Federal Energy Minister Sardar Awais Ahmad Khan Leghari, where he emphasized the urgent need for “immediate and effective solutions” to challenges faced by applicants seeking net-metering connections. According to an official statement issued on Tuesday, the minister directed that the application process be made “simple, transparent, and user-friendly.” He also instructed electricity…

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Balochistan’s Loralai Olives Wins Silver at Global Olive Oil Competition

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Loralai-Olives

ISLAMABAD: Pakistan’s premium olive oil brand, Loralai Olives, has secured a Silver Award at the 2025 New York International Olive Oil Competition, marking a significant global recognition for the country’s emerging olive industry. Federal Minister for National Food Security and Research, Rana Tanveer Hussain, hailed the achievement as a milestone aligned with Pakistan’s drive for agricultural self-sufficiency. Chosen from over 1,200 global entries, Loralai Olives stood out for its quality, sustainable practices, and premium packaging. “This is a proud moment for every Pakistani and affirms our efforts to promote a…

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Refineries Greenlight \$6bn Upgrade After Govt Clears Rs34bn Dues

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Refineries-Face

ISLAMABAD: Pakistan’s five oil refineries have agreed to proceed with long-awaited upgrade projects worth \$6 billion, following the government’s resolution of their key financial concern—clearance of Rs34 billion in stuck-up funds through adjustments in petroleum pricing. The breakthrough came after a meeting on Tuesday between refinery CEOs and Petroleum Minister Ali Pervaiz Malik, who was praised for his role in resolving the issue that had stalled refinery expansion plans for nearly a year. The CEOs assured the government they would move forward with their investments once the resolution is formalized…

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Ogra Approves 6.6pc Hike in Gas Prices Amid Revenue Gap

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Tuesday approved an average 6.6 per cent increase in prescribed natural gas prices to meet the Rs890 billion revenue requirement of Sui Northern Gas Pipelines Ltd (SNGPL) and Sui Southern Gas Company Ltd (SSGCL) for the fiscal year 2025-26. In its late-night determination sent to the federal government, Ogra set SNGPL’s prescribed price at Rs1,895 per million British thermal unit (mmBtu), marking a Rs117 per unit increase from the current Rs1,778, to cover a projected Rs43 billion revenue shortfall. In contrast,…

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