Author: Admin

Shell Pakistan Reveals PAT Rs 5.8 billion, Eyes Growth Amidst Strategic Changes

Admin
shell

Pakistan Limited (SPL) revealed its financial results for the fiscal year ending December 31st, 2023, showcasing a remarkable turnaround with a profit after tax of Rs 5.8 billion. This marks a notable shift from the previous year’s loss of Rs 72 million. The positive financial trajectory comes amidst strategic changes, including the pending sale of Shell Petroleum Company Limited’s majority interest in SPL to Wafi Energy LLC. The completion of this transaction awaits regulatory approvals and other formalities. SPL expressed appreciation for the government’s recent initiatives to bolster industry margins…

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Murad, World Bank forge partnership for water management reforms

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murad-ali

Sindh Chief Minister Syed Murad Ali Shah convened with a high-powered delegation from the World Bank to deliberate on crucial reforms aimed at bolstering the Karachi Water Board and enhancing the province’s irrigation system. Led by Water Global Director Saroj Kumar Jha and World Bank Country Director Najy Binhassine, the discussion underscored the pressing need for sustainable water management in the face of severe scarcity, particularly in Sindh. The meeting, held at the CM House and attended by key officials including Chief Secretary Dr Fakhre Alam and Mayor Karachi Murtaza…

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Economy on a knife-edge after election

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economy

With ballot-box rigging, arbitrary arrests, politicization of the judiciary, media censorship, and endless internet blackouts, democracy has become a distant memory in Pakistan. The elections held on February 8, after two extremely turbulent political years, were a sad illustration of this. A lacklustre campaign didn’t discourage people from showing up at the ballot box in greater numbers than predicted. This was testimony to their stake in the democratic process, indicating they felt their vote mattered. The turnout defied the narrative that the election outcome was a forgone conclusion. When the…

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Hopewind showcased All-scenario PV inverters at Solar Pakistan

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hopewind

From February 27th to 29th, 2024, the bustling city of Lahore has become the epicenter of what was heralded as a landmark event in the renewable energy sector, the 14th International Renewable Energy Exhibition & Conference-Solar Pakistan. Hopewind brought its all-scenario PV inverters dedicated to different PV applications at this exhibition.   As a country boasting abundant sunlight resources, the average daily sunshine in Pakistan is nine and a half hours, making it a perfect place to develop solar power plants. Statistic from the International Renewable Energy Agency (IRENA) showed that…

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16th Annual CSR Summit & Awards-2024

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shahid-khaqan-abbasi

Former PM Shahid Khaqan Abbasi strongly urges new federal govt to roll out privatisation agenda in energy sector to save national economy Islamabad Former prime minister, Shahid Khaqan Abbasi, has strongly urged the Shehbaz Sharif-led new federal government to urgently implement the agenda of privatisation, particularly in the energy sector as the greater involvement of the private sector is key to overcoming serious national economic woes.The former PM was addressed as the chief guest at the inaugural session of the 16th CSR Summit and Awards-2024 organised by the National Forum…

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