Day: November 11, 2026

ISLAMABAD: The federal government has approved changes to the boards of three state-owned entities, including the reconstitution of the boards of Hyderabad Electric Supply Company (HESCO) and Sukkur Electric Power Company (SEPCO), along with the appointment of a chairman/independent director at National Engineering Services Pakistan (NESPAK). The decisions were taken during a meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs), held on Tuesday under the chairmanship of Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, according to a statement issued by the Finance Division. The committee considered two…

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KARACHI: Oil and Gas Development Company Limited (OGDCL) has announced a gas and condensate discovery at its Bitrisim Northwest-1 exploratory well in District Khairpur, Sindh, marking another addition to Pakistan’s indigenous hydrocarbon resources. In a notice submitted to the Pakistan Stock Exchange (PSX) on Wednesday, the company reported that the well produced 12.8 million standard cubic feet per day (MMSCFD) of gas and 175 barrels of condensate per day during testing. The production test was conducted through a 32/64-inch choke at a wellhead flowing pressure of 3,020 pounds per square…

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KARACHI: Amid Pakistan’s persistent energy challenges, rising fuel prices and increasing industrial production costs, a group of young engineers in Karachi has developed a locally manufactured hydrogen generator that could offer an alternative source of heat for industrial, commercial and domestic applications. The startup, PakHydro, has developed an electrolysis-based system that uses water to produce hydrogen gas, which can subsequently be used as fuel for generating flames and heat. The technology aims to reduce dependence on conventional fuels, including natural gas and liquefied petroleum gas (LPG). The prototype uses electrolysis…

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ISLAMABAD: Pakistan’s two highest project-approval forums have directed a high-level inquiry into alleged procedural lapses by the Water and Power Development Authority (Wapda) in the selection of consultants, project delays and weaknesses in the design of the Rs316.4 billion Tarbela 5th Extension Hydropower Project. Official documents reveal that the Central Development Working Party (CDWP) and the Executive Committee of the National Economic Council (ECNEC) directed the formation of a committee under the federal minister for water resources to examine the issues and ensure transparency in the project’s execution. The CDWP…

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KARACHI: Cnergyico Pk Limited held its 32nd Annual General Meeting (AGM) on October 28, 2026, in Karachi, reviewing the company’s performance for FY2026 and outlining its strategic priorities for the coming year. The meeting was chaired by Vice Chairman Usama Qureshi and attended by members of the Board of Directors and senior management. A key highlight was the Upgradation Agreement signed with the Government of Pakistan in September 2026 under the Pakistan Oil Refining Policy. The agreement marks an important step towards modernising Cnergyico’s refinery operations, improving efficiency and strengthening…

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