220kV SEZ Grid Station Energised at Quaid-i-Azam Business Park, Sheikhupura

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LAHORE: The National Grid Company of Pakistan (NGC), formerly the National Transmission and Despatch Company (NTDC), on Tuesday energised the 220kV Quaid-i-Azam Business Park Grid Station in Sheikhupura, marking a significant milestone in strengthening the country’s power transmission infrastructure. The strategically located grid station has been developed to meet the growing electricity needs of large-scale industrial consumers operating within the Sheikhupura Special Economic Zone (SEZ). Completed at a cost of over Rs4 billion, the project was financed by the federal government under the Cash Deposit Loan (CDL) Facility and is…

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Trump Says Venezuela to Hand Over Up to 50 Million Barrels of Oil to US

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US President Donald Trump said on Tuesday that Venezuela’s interim government will deliver between 30 million and 50 million barrels of oil to the United States, with the proceeds to be managed under his authority as president. In a social media post, Trump said the oil—described as “sanctioned oil”—would be sold at market prices and that the revenue would be controlled by him to ensure it is used “to benefit the people of Venezuela and the United States.” He added that US Energy Secretary Chris Wright would oversee the execution…

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Shahzad Iqbal Appointed Member (Gas), OGRA

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Islamabad — The Federal Government has appointed Shahzad Iqbal as Member (Gas) of the Oil and Gas Regulatory Authority (OGRA). Iqbal brings 35 years of extensive regulatory and sectoral experience to the Authority, with a distinguished career in Pakistan’s oil and gas sector. Prior to this appointment, he served in senior leadership roles within OGRA’s where he handled complex regulatory matters relating to gas transmission and distribution, tariff determinations, Unaccounted-for-Gas (UFG), consumer protection, and coordination with gas utilities and other stakeholders. His appointment is expected to further strengthen OGRA’s regulatory…

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DPM assures govt’s support to Chinese firm for mining investment

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Islamabad: Deputy Prime Minister and Foreign Minister Senator Ishaq Dar on Monday met a delegation from China Minmetals Corporation (MCC) led by its Vice President, Xu Jiqing. During the meeting, both sides held productive discussions on MCC’s ongoing and upcoming projects in Pakistan, with a focus on strengthening cooperation in the mining and minerals sector. Senator Ishaq Dar reaffirmed the Government of Pakistan’s strong commitment to supporting MCC in advancing mining investment and promoting value-added industrial development. He highlighted Pakistan’s vast mineral potential and emphasized the importance of foreign investment,…

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Chinese Firm Enters Pakistan with Advanced Solar Energy Storage Solutions

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KARACHI: Renowned Chinese micro-inverter manufacturer Hoymiles has entered the Pakistani market to offer high-tech and long-duration energy storage solutions for residential, commercial, and industrial solar power systems. To explore Pakistan’s rapidly expanding solar market, Hoymiles has formed strategic partnerships with Superstar, a well-known player in Pakistan’s automotive industry, and Harisun Energy, a new entrant in the energy solutions sector. The collaboration aims to address one of the most pressing challenges facing the country’s solar sector—reliable and long-hour energy storage. In recent years, a growing number of industrial, commercial, and residential…

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