Author: Admin

Indus Waters Treaty Remains Effective, Says Pakistan, Backed by Hague Court

Admin
Super-Dam

ISLAMABAD: Pakistan has reiterated that the Indus Waters Treaty (IWT) with India remains fully operational, a stance endorsed by the Hague-based Court of Arbitration (CoA). This comes after India claimed the treaty was put in abeyance. Secretary Ministry of Water Resources Syed Ali Murtaza stated that Pakistan’s position has been supported by the CoA, which affirms the treaty’s effectiveness and India’s obligations. The treaty covers hydropower matters, with the Indus Water Commission currently operating under an additional charge due to a vacant commissioner post. The Senate Standing Committee on Water…

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OGDCL Discovers Gas and Condensate in Sindh, Boosting Pakistan’s Energy Supply

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ogdc-new

Islamabad: The state-owned Oil and Gas Development Company Ltd (OGDCL) has announced a significant gas and condensate discovery at its Dars West-3 well in Tando Allah Yar, Sindh. The well is producing 9.70 million standard cubic feet per day of gas and 580 barrels per day of condensate, with pipeline laying underway to connect it to the KPD-TAY processing plant. This discovery confirms the hydrocarbon potential of the Lower Goru Formation in the Dars West area, strengthening OGDCL’s resource base and supporting Pakistan’s energy security. The produced gas will be…

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Incremental consumption package: Industry, PD lock horns over financial impact

Admin
power-transmission

ISLAMABAD: The country’s industry and the Power Division have locked horns over the financial impact of the incremental consumption package on the overall electricity tariff, with both sides presenting conflicting claims about whether the relief measure led to new demand or merely shifted industrial load from captive generation to the national grid. The debate emerged during a public hearing held on Tuesday regarding quarterly adjustments on account of variation in Power Purchase Price (PPP) for the second quarter (October –December) of FY 2025-26. The proposed adjustment carries an impact of…

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Mangla refurbishment project on track

Admin
Mangla-Dam

LAHORE: Water and Power Development Authority (Wapda) Chairman Lt Gen (Retd) Muhammad Saeed, during his visit to Mangla Hydel Power Station, was briefed that the refurbishment project was progressing ahead at a steady pace. Four power generating units have already been refurbished and are in operation with their enhanced generation capacity; another two will also come online by the end of this year, while overall completion of the project is scheduled for 2030. The chairman visited the control room, the generating units being refurbished in the turbine hall, and the…

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Gold, silver prices surge again, local rates hit new highs

Admin
gold price

Gold and silver prices continued their upward trend on Thursday, widening the gap between precious metals and consumer affordability. The international bullion market saw gold rise by $79 per ounce to $5,012, prompting a surge in local rates. In Pakistan, the price of one tola of gold increased by Rs7,900 to Rs523,962, while 10 grams rose by Rs6,773 to Rs449,212. Silver prices also climbed, with one tola reaching Rs8,404, up Rs358, and 10 grams hitting Rs7,205, a gain of Rs205. Spot gold rose 0.7% to $5,012.83 per ounce by 0634…

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