Author: Admin

OGRA Dismisses Media Speculation on Petroleum Price Working

Admin
New-OGRA1

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has taken notice of speculative reports circulating in certain sections of the media regarding alleged initial working on petroleum prices. In a press statement issued on Friday, OGRA clarified that such reports are purely speculative and do not reflect the Authority’s position or any formal process. The regulator emphasized that petroleum price computations are carried out strictly in accordance with instructions issued by the Federal Government and within the prescribed timeframe. OGRA further stated that any price-related computation would be submitted to…

Read More

Ten Years On: The Paris Agreement and the Urgent Road Ahead

Admin
New-Project85

Bonn, 13 December 2025 (WWEA) – A decade ago, at the UN Climate Change Conference in Paris, governments from around the world made a historic commitment to confront climate change. The outcome was the Paris Agreement, a landmark accord that set the global course toward effective climate action. In the years since, many countries have strengthened their ambitions and policies to address the climate crisis. Renewable energy was already expanding before Paris, but the Agreement provided critical momentum. Today, the majority of global energy-related investment is flowing into renewable technologies.…

Read More

PSX Announces Top 25 Companies Awards for 2024

Admin
New-Project84

KARACHI: The Pakistan Stock Exchange (PSX) has unveiled its prestigious Top 25 Companies Awards for 2024, celebrating corporate leaders that demonstrated exceptional financial performance, governance standards, sustainability practices and investor protection during a tough economic year. PSX Managing Director and CEO Farrukh H. Sabzwari commended the award-winning companies for showcasing resilience, strategic vision and strong investor confidence despite economic headwinds. Established in 1978, the awards continue to serve as a benchmark for corporate excellence in Pakistan. The 2024 honours list spans major sectors including industry, banking, insurance, technology and consumer…

Read More

Refineries Warn of Looming Fuel Supply Disruptions as OMCs Slash Diesel Offtake

Admin
Refineries-Face

KARACHI/ISLAMABAD: Pakistan’s leading oil refineries have issued a stark warning of potential fuel supply disruptions after oil marketing companies (OMCs) sharply cut their upliftment of high-speed diesel (HSD), creating what refineries describe as a serious threat to the stability of the national oil supply chain. In a joint letter sent on December 10, 2025, to Oil and Gas Regulatory Authority (Ogra) Chairperson Masroor Khan, Attock Refinery Limited (ARL), Pak-Arab Refinery Limited (PARCO), Cnergyico PK Limited (CPL), National Refinery Limited (NRL) and Pakistan Refinery Limited (PRL) said OMCs were failing to…

Read More

Reko Diq’s $7bn Financing Marks Major Boost in Pakistan–US Economic Cooperation

Admin
Reko-Diq

KARACHI: Finance Minister Muhammad Aurangzeb has said the United States is firmly re-establishing itself as a key economic partner for Pakistan, underscored by the $7 billion financial close of the Reko Diq copper and gold project—backed by the International Finance Corporation and the US EXIM Bank. Speaking at a panel discussion in Riyadh during the Global Development Finance Conference – Momentum 2025, Aurangzeb said economic engagement with Washington is expanding across minerals, mining, and next-generation technologies including AI, blockchain, and digital infrastructure. The session, “Climate Adaptation and Resilience: How do…

Read More