Author: Admin

PPL Injects Rs14 Billion More into Reko Diq, Total Equity Reaches Rs68.1 Billion

Admin
PPL-Rikodig

Pakistan Petroleum Limited (PPL) has injected an additional Rs14 billion (approximately $50.2 million) into the Reko Diq copper-gold project, raising its total equity contribution to Rs68.1 billion ($243.6 million). The fresh investment underscores Pakistan’s continued financial commitment to one of the country’s largest mining ventures despite prevailing security concerns in Balochistan. The project is operated by Canada-based Barrick Mining Corporation, which holds a 50 percent stake in Reko Diq. The remaining shares are split between Pakistani stakeholders, with PPL and other state-owned enterprises collectively owning 25 percent, while the Government…

Read More

Income-Based Energy Tariffs on the Horizon as Government Plans Major Reform

Admin
Power-sector

The federal government is preparing a significant restructuring of electricity and gas pricing by shifting from the existing consumption-based slab system to an income-based tariff model. The move is part of broader energy sector reforms linked to Pakistan’s commitments under the IMF’s Extended Fund Facility (EFF). Under the proposed framework, subsidies will be allocated according to household income rather than the number of units consumed. This marks a structural transformation in the country’s pricing mechanism, aimed at improving transparency, efficiency, and targeted relief. Officials said the reform is being finalized…

Read More

Pakistan and China Pledge to Deepen Strategic Friendship at Chinese New Year Event

Admin
Chinese New Year Event

Islamabad: Press Release On the occasion of the Chinese Spring Festival (Year of the Horse), the Embassy of the People’s Republic of China in Pakistan hosted a special event themed “Chinese New Year, China–Pakistan Go Together,” celebrating the new year alongside Pakistani brothers and sisters and reaffirming the enduring friendship between the two nations. Federal Minister for Petroleum Ali Pervaiz Malik graced the occasion as Chief Guest, sharing in the festivities and highlighting the deep-rooted bond between Pakistan and China. Extending heartfelt congratulations to the Chinese leadership, government, and people,…

Read More

Government Disables Failed Social Media Firewall After Technical Issues and Economic Losses

Admin
Internet firewall

A major development has emerged regarding the firewall installed in Pakistan to control social media. According to official sources, the government has permanently shut down the firewall ahead of the 5G spectrum auction. Sources state that the firewall was installed in 2024 to monitor and regulate social media. However, due to technical issues, it failed to fully integrate with the telecom infrastructure. As a result, the project was declared unsuccessful after it did not achieve the desired outcomes. Officials said the failure of the project caused losses worth billions of…

Read More

CM Murad Ali Shah unveils roadmap for Thar Coal-to-Fertiliser flagship project

Admin
New-Project68

• C2U reduce reliance on imported fertiliser, creates jobs, generate exportsKARACHI (Feb 20): Sindh Chief Minister Syed Murad Ali Shah, while reviewing the progress and finalising the strategic roadmap for Pakistan’s flagship Coal-to-Fertiliser (C2F) initiative – the Thar coal-based urea project being executed by Fauji Fertiliser Company (FFC) – said it will reduce reliance on imported fertiliser, create jobs, generate exports, and add value to the country’s indigenous coal resources.The delegation, led by FFC Chief Executive Officer Jahangir Piracha, briefed the chief minister on the technical, financial and environmental aspects…

Read More