Author: Admin

Trump Says U.S. Oil Firms Pledge $100 Billion to Venezuela’s Oil Sector

Admin
refined-oil

WASHINGTON: U.S. President Donald Trump on Friday said the world’s largest oil companies have pledged to invest USD 100 billion to revive Venezuela’s struggling oil industry as he prepared to host senior energy executives at the White House. Trump wrote on his social media platform that “at least 100 Billion Dollars will be invested by BIG OIL,” ahead of a meeting aimed at securing support for his Venezuela plans. Trump’s remarks come in the wake of a U.S. military operation on January 3 that resulted in the capture of Venezuelan…

Read More

Govt to Convert High-Loss Power Feeders to Solar Energy

Admin
New-Solar1

The federal government has decided to shift electricity feeders suffering from heavy financial losses to solar power, as part of broader efforts to reform the power sector, reduce losses, and ensure reliable electricity supply in underserved areas. The decision was taken during a high-level meeting chaired by Prime Minister Shehbaz Sharif, which reviewed ongoing power sector reforms and strategies to improve electricity availability, particularly in remote and high-loss regions. The prime minister directed that loss-making feeders be converted to solar energy in coordination with provincial governments and local communities, noting…

Read More

21% Profit Surge at Gas Utilities Sparks Debate Over Efficiency and Pricing Formula

Admin
Gas-OGDCL

ISLAMABAD: Pakistan’s gas utilities came under sharp criticism on Friday as industry stakeholders argued that a guaranteed rate of return on assets has undermined operational efficiency, allowing state-owned companies to earn profits of up to 21 per cent despite persistent energy shortages. The concerns were raised during a public hearing held by the Oil and Gas Regulatory Authority (Ogra) to review the existing gas pricing framework for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), which currently ensures a fixed return on their regulated asset base.…

Read More

Climate Change Minister Defends Islamabad Tree Felling Amid Public Backlash

Admin
musadiq

ISLAMABAD: Amid mounting public criticism over the large-scale cutting of trees in the federal capital, Minister for Climate Change and Environmental Coordination Dr Musadiq Malik on Friday defended the Capital Development Authority’s (CDA) actions, stating that around 29,000 paper mulberry trees had been removed in compliance with Supreme Court orders issued in 2023 and reiterated in 2025. Speaking on a television talk show after chairing a meeting on the issue, the minister said paper mulberry is a non-indigenous and highly allergenic species, responsible for severe respiratory problems and deaths among…

Read More

Petroleum Secretary Removed Amid Differences with Minister

Admin
New-Project6

ISLAMABAD: The federal government on Friday removed Petroleum Secretary Momin Agha from his post and directed him to report to the Establishment Division without assigning any further posting. Following his removal, Mirza Nasir-ud-Din Ahmad, Additional Secretary Petroleum, has been given the additional charge of petroleum secretary on a look-after basis until a regular appointment is made. According to informed sources, differences had emerged over the past couple of months between Mr Agha and Federal Minister for Petroleum Ali Pervez Malik on several key policy and administrative matters. These reportedly included…

Read More