Author: Admin

FPCCI Conducted Roundtable Session with High-Profile Stakeholders on Adopting Cashless Economy

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Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has expressed his satisfaction on FPCCI hosting a very-well-attended and interactive roundtable session today with high-profile stakeholders from key federal and provincial government institutions, and multi-sectoral private-sector representatives. Mr. Atif Ikram Sheikh apprised that the roundtable focused on the transition to a cashless economy. The session, held at the FPCCI Head Office, Federation House Karachi, convened key stakeholders from the business community, the State Bank of Pakistan (SBP), the Federal Board of Revenue…

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Petroleum Division Kicks Off Strategic Reserves Study as Wood Mackenzie Wins Competitive Tender

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New-Project66

ISLAMABAD, August 25, 2026: Federal Minister for Petroleum Ali Pervaiz Malik today chaired the kick-off meeting for the feasibility study on establishing Strategic Petroleum Reserves (SPR) in Pakistan, with international energy consultancy M/s Wood Mackenzie selected to undertake the study following a competitive tender process in which four bids were received. The Minister was briefed on the scope and objectives of the study, following which the meeting discussed and agreed on the timelines and overall architecture for the assignment. The Minister highlighted that the Government is pursuing reforms and initiatives…

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OGDCL Senior Management Salaries and Perks Presented in Senate

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New-Project65

ISLAMABAD: Details of salaries, positions and benefits of senior management of Oil & Gas Development Company Limited (OGDCL) were presented in the Senate, revealing that the company’s top executives receive monthly basic salaries running into millions of rupees. According to the details presented before the Senate, OGDCL Managing Director Ahmed Hayat Lak receives a basic monthly salary of Rs5.564 million (Rs5.564 million), while Chief Financial Officer Muhammad Anis Farooq draws Rs2.837 million per month. Executive Director Amir Saleem receives a monthly salary of Rs2.2 million, while Executive Director HR Shehzad…

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Power Division Identifies upto PKR 380 Million Annual Saving in Coal Procurement, Issues Policy Guidelines to NEPRA

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New-Project63

ISLAMABAD: August 25, 2026 In a major step to reduce the cost of electricity for consumers, the Power Division has identified significant inefficiencies in the procurement of imported coal by power plants and has issued policy guidelines for corrective action that could save the national exchequer up to PKR 380 Million annually. The revelation came across during a series of high-level meetings chaired by Federal Minister for Power Sardar Awais Ahmed Khan Leghari, where officials reviewed actual data, contractual arrangements and market practices rather than relying on reports or external…

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Thar Coal By-Products Used to Build Pakistan’s First Model Road

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New-Project64

THARPARKAR: Pakistan has taken a significant step towards sustainable infrastructure with the inauguration of the country’s first model road constructed using pavers incorporating Thar Coal Combustion Products (CCPs) at the Thar Institute of Engineering, Sciences & Technology (TIEST), Tharparkar. The model road, inaugurated on August 18, 2026, is the result of a collaborative initiative between TIEST Tharparkar, a constituent college of NED University of Engineering & Technology (NEDUET), and Engro Powergen Thar Limited (EPTL). Covering approximately 13,200 square feet, the project demonstrates the potential of using coal combustion by-products as…

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