Author: Admin

Government Approves Sale of 35% Gas Output to Private Parties

Admin
Gas-OGDCL

Islamabad – The government has issued a statutory order (SRO) permitting exploration and production (E&P) companies to sell up to 35% of newly discovered gas reserves to private entities. This marks a significant increase from the previous cap of 10%, with an annual ceiling of 100 mmcfd. The decision, facilitated by the Special Investment Facilitation Council (SIFC) and a committee led by Deputy Prime Minister Ishaq Dar, resolves a prolonged standoff with state-owned gas companies. E&P firms had expressed concerns over cash flow challenges caused by non-payments from government-run gas…

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Power Companies Seek Rs1.04 per Unit Negative FCA for December, Refund of Rs3.9 Billion Proposed

Admin
K-Electric1

Islamabad – Public sector power companies have proposed a Rs1.04 per unit negative fuel cost adjustment (FCA) for electricity consumed in December 2024, potentially refunding Rs3.9 billion to consumers in February if approved by the National Electric Power Regulatory Authority (Nepra). The Central Power Purchasing Agency (CPPA) filed the petition, highlighting a 1.3% year-on-year increase in power demand and a 13% reduction in fuel costs compared to December 2023. The petition attributes this reduction to a higher base tariff implemented in July 2024 and increased reliance on domestic fuel sources,…

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ECC Approves Winter-Based Power Tariff Re-Basing Amid Regulatory Concerns

Admin
Power-sector

Islamabad – The Economic Coordination Committee (ECC) of the cabinet has endorsed a proposal to shift the annual electricity tariff re-basing timeline from July 1 to January 1, aiming to alleviate consumer burden during high-consumption summer months. The power division’s proposal seeks to stagger the cumulative impact of quarterly tariff adjustments (QTAs), fuel cost adjustments (FCAs), and annual tariff revisions into low-consumption winter months. However, National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar cautioned that implementing the proposal by January 2025 would be impractical due to legal and regulatory…

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Cristiano Ronaldo Set to Earn 160 million PKR Daily in New Al-Nassr Contract

Admin
Cristiano-Ronaldo

Riyadh, January 18, 2025 – Football superstar Cristiano Ronaldo is poised to become the highest-paid footballer in the world as he signs a new contract with Saudi Arabian club Al-Nassr. The official announcement is expected today, confirming a deal that will earn the 39-year-old icon a staggering 550,000 euros per day—equivalent to approximately 160 million Pakistani rupees. Reports indicate that Ronaldo’s annual salary under the new agreement will amount to 183 million euros, surpassing 52 billion PKR, solidifying his position as one of the most financially successful athletes in history.…

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Pakistan Shines as a Global Mining Powerhouse at FMF 2025

Admin
New-Projec

Riyadh – Pakistan made a resounding impact at the Future Minerals Forum (FMF) 2025, highlighting its vast, untapped mineral wealth and positioning itself as a premier destination for global mining investments. The delegation’s session commenced with the screening of Beneath the Surface: Pakistan’s Mining Renaissance, a compelling documentary that showcased the country’s rich reserves of gemstones, non-metallic minerals, industrial minerals, metals, and rare-earth elements. A high-profile panel discussion titled Pakistan: The Mineral Marvel – Unlocking the Future of Mining followed, moderated by Mr. Imran Abbasy, Managing Director of Pakistan Petroleum…

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