Year: 2025

Ogra to Review 10-Year RLNG Pricing After Court Orders, Rs150bn Dispute at Stake

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has been compelled to hold a public hearing on November 6 to revise the past 10 years of Regasified Liquefied Natural Gas (RLNG) prices following legal challenges and protests from industrial and CNG consumers. The review, mandated by the Lahore High Court’s Multan Bench, carries an estimated financial impact of around Rs150 billion. The court ruled in September that it was “against principles of fairness” to impose retrospective gas charges without first hearing the affected consumers. As a result, Ogra has invited…

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Karachi International Conference Calls for Tackling Water, Flood Crisis in Pakistan

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Flood Crisis in Pakistan

MOU signed between Panjwani Hisaar Water Institute and University of Southern Punjab Karachi, October 29, 2025 – The 7th Karachi International Water Conference concluded featuring various sessions where distinguished speakers delved into critical subjects related to water crisis, and floods. Throughout the day, these experts dwelled on water-related challenges in the country and potential solutions to bring about a positive change. Day two started with a panel discussion on ‘Urban Drainage and Floods’ under the stream of Water for People. Chaired by Dr Sarosh Lodhi, it was moderated by Dr Noman…

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Sindh CM meets Meta delegation to discuss AI collaboration under Llama initiative

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New-Project87

KARACHI (Oct 30): Sindh Chief Minister Syed Murad Ali Shah met with a delegation from Meta, led by its Director of Public Policy, South Asia, Sarim Aziz, to discuss the Sindh government’s collaboration with Meta on the Llama Large Language Model (LLM) initiative aimed at strengthening national artificial intelligence (AI) capabilities and promoting local innovation. Senior Minister Sharjeel Memon, Minister of Education Syed sardar Shah, Special Assistant to CM on IT Ali Rashid, PSCM Agha Wasif and Secretary IT Noor Samo also attended the meeting. The Meta delegation includes Ms…

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Wafi Energy Reports Rs3.03bn Profit, Expands Retail Network Across Pakistan

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Wafi Energy

KARACHI: Wafi Energy Pakistan Limited (WEPL) has announced a strong financial performance for the nine months ended September 30, 2025, posting a profit after tax of Rs3.03 billion — more than four times higher than the Rs724 million recorded in the same period last year. The growth reflects the company’s accelerated retail expansion, strategic investments, and strong demand across its fuel and lubricants businesses. According to the company, WEPL commissioned 28 new Shell-branded retail sites, upgraded seven existing locations, and added 12 Shell Select convenience stores nationwide. The company also…

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FFC Advances Shariah Compliance, Eyes Energy Diversification Through Coal Gasification

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New-FFC

Karachi, October 30, 2025 – Fauji Fertilizer Company Limited (FFC) shared key updates on its operational and financial performance during a corporate briefing on Tuesday, highlighting major progress toward full Shariah compliance, plans for energy diversification, and fertilizer demand projections through 2026. Company officials confirmed that FFC’s transition to a fully Shariah-compliant corporate structure is in advanced stages, with the process expected to be reflected in its upcoming quarterly statement. “The transition is progressing smoothly and is only a matter of time before completion,” the management stated. In a significant…

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