Day: July 15, 2025

Mohammad Aamir Khan Appointed Acting MD of ISGS as Bajwa’s Term Ends

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Oil-and-Gas

ISLAMABAD, July 2025 — Following the expiration of Nadeem Bajwa’s contract as Managing Director of Inter-State Gas Systems (ISGS) on June 30, the company’s Board of Directors has appointed Mohammad Aamir Khan, currently serving as Chief Financial Officer (CFO), as the Acting Managing Director under an interim arrangement. “Yes, I have received charge from Nadeem Bajwa as Acting Managing Director, as the process for appointing a regular MD is in its final stages,” Aamir confirmed to The News. Established in 1996, ISGS is a wholly owned subsidiary of Government Holdings…

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Reko Diq Project to Deliver Multi-Generational Impact for Balochistan, Says Barrick CEO

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Reko-Diq

QUETTA, July 2025 — The Reko Diq copper-gold project is more than a major mining initiative — it represents a multi-generational opportunity for sustainable economic and social uplift in Balochistan, said Mark Bristow, CEO of Barrick Gold Corporation, during his visit to Humai village, the closest community to the project site in District Chagai. Speaking with local residents, Bristow reaffirmed the Reko Diq Mining Company’s (RDMC) commitment to empowering the people of Balochistan through long-term investments in employment, education, and healthcare. “We’re not only creating direct jobs at RDMC, but…

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Addicts Turn to Power Line Theft in Peshawar, Sparking Blackouts and Fatal Accidents

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New-Project8

PESHAWAR, July 2025 — A disturbing trend has emerged in Peshawar, where drug addicts are now targeting high-voltage electricity cables for theft, posing grave risks to public safety and severely disrupting power supply across the city. According to the Peshawar Electric Supply Company (PESCO), millions of rupees worth of copper wires have been stolen in recent weeks. Thieves, often addicts armed with axes, operate under the cover of darkness in areas such as Chamkani, Doranpur, Northern Bypass, Motorway Toll Plaza, Budhni, Ring Road, Tehkal, Hazarkhwani, and GT Road. Unlike previous…

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Fast Cables Becomes First Pakistani Cable Manufacturer Approved by UAE’s TAQA

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Fast-Cables

KARACHI, July 2025 — In a major breakthrough for Pakistan’s industrial sector, Fast Cables Limited has become the first cable manufacturer in the country to be certified as an approved vendor by the Abu Dhabi National Energy Company (TAQA)—a global energy and utilities powerhouse based in the UAE. The milestone was disclosed by the company in a notice to the Pakistan Stock Exchange (PSX) on Tuesday, marking a significant achievement in Fast Cables’ international growth strategy. TAQA, a leading player in the global energy landscape, operates across the entire energy…

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Fuel Prices Expected to Rise Again from July 16 Amid Global Oil Trends

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Fuel-Price

ISLAMABAD, July 15, 2025 — Petrol and diesel prices in Pakistan are set for another hike in the upcoming fortnight due to rising global oil prices and higher import premiums, industry sources revealed. Petrol prices are expected to increase by Rs5.25 per litre, taking the ex-depot rate to around Rs272.04, while high-speed diesel (HSD) may go up by Rs6.50, reaching Rs279.48 per litre. The final rates will be officially announced following government approval. Currently, petrol is sold at Rs266.79, after an Rs8.36 hike on June 30. Diesel, which fuels transport…

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