Author: Admin

Private Sector Demands Allocation of Indigenous Gas Amid LNG Glut

Admin
LNG

ISLAMABAD: The private sector has urged the government to allocate surplus indigenous gas to private shippers, arguing that continued curtailment in favour of imported LNG is damaging both producers and consumers. Industry players note that reluctance to lift LNG cargoes has created a market glut, forcing several cargo diversions. Meanwhile, local gas supplies have been curtailed by 300–400 mmcfd, causing losses estimated at Rs12 billion for exploration companies. Although the government earlier raised third-party allocation from 10% to 35%, the policy has yet to be implemented, frustrating private shippers. Exploration…

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Cabinet Lifts Ban on New Gas Connections; Declares Climate and Agriculture Emergencies

Admin
Gas-OGDCL

ISLAMABAD: The federal cabinet has approved the resumption of new domestic gas connections across Pakistan, ending a ban imposed in 2021. The decision was announced by Petroleum Minister Ali Pervaiz Malik on Wednesday, alongside Federal Minister for Parliamentary Affairs Tariq Fazal Chaudhry. Malik said the move responds to strong public demand, particularly from residents of new housing schemes who had been forced to rely on expensive LPG. He assured that both Sui companies were ready to begin processing pending applications immediately, with applicants also given the option to convert to…

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Shanghai Electric Terminates \$1.77bn Deal to Acquire Stake in K-Electric

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K-Electric

KARACHI: Shanghai Electric Power Company has officially terminated its long-pending plan to acquire a controlling 66.4 per cent stake in K-Electric Ltd, citing unfavorable changes in Pakistan’s business environment and unmet contractual conditions. K-Electric, the sole power generator, transmitter, and distributor for Karachi and adjoining areas, was privatised in 2005. Shanghai Electric first agreed in 2016 to purchase the stake from Abraaj Group for \$1.77 billion. However, the deal remained stalled for years due to regulatory hurdles, liquidity issues tied to Pakistan’s circular debt crisis, and Abraaj’s collapse in 2019.…

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EDWARDS VACUUM presents innovative vacuum solutions for the plastics industry

Admin

the plastics industry BURGESS HILL WEST SUSSEX, UK. (August, 2025) Vacuum technology is a key element for quality and efficiency in plastics processing – for example in thermoforming and recycling, the extrusion of films and the degassing and coating of plastics. Edwards Vacuum is a renowned, leading international specialist for these vacuum applications. From October 8 to 15, 2025, the company will therefore be presenting its vacuum solutions at the K trade fair in Düsseldorf and will be happy to answer trade visitors’ questions on these topics at its stand…

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Pakistan, US Sign Landmark MoUs on Critical Minerals and Logistics Investment

Admin
New-Project18

ISLAMABAD: Pakistan and the United States on Monday inked two landmark Memoranda of Understanding (MoUs) to boost cooperation in the development and processing of critical minerals, including rare earth elements (REEs), and in logistics services. The agreements were signed at the Prime Minister’s House during the visit of a high-level US delegation representing United States Strategic Metals (USSM) and Mota-Engil Group. The ceremony was attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, Chief of Army Staff Field Marshal Asim Munir, federal ministers, and senior officials. Under the first…

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