Author: Admin

Wafi Energy Pakistan Appoints Zubair Shaikh as Interim CEO Following Leadership Transition

Admin
Wafi-Energy

The Board of Directors of Wafi Energy Pakistan Limited, formerly Shell Pakistan Limited, has appointed Zubair Shaikh as interim Chief Executive Officer (CEO), effective February 1, 2025. The announcement follows Waqar I. Siddiqui’s decision to step down as CEO on January 31, 2025. The development was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Wednesday, with the company expressing confidence in Shaikh’s leadership during this transitional phase. This leadership change coincides with the company’s official rebranding to Wafi Energy Pakistan Limited. The transformation follows Wafi Energy Holding…

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Masdar Sets Sights on 100 GW Clean Energy Target by 2030

Admin
Solar-Panels

Masdar, a global leader in renewable energy, has reaffirmed its ambitious goal of achieving 100 gigawatts (GW) of clean energy capacity worldwide by 2030. “This target highlights Masdar’s dedication to accelerating the global clean energy transition and contributing to climate neutrality,” said Fatima Al Suwaidi, Head of Development & Investment (APAC) at Masdar, during Abu Dhabi Sustainability Week 2025. Masdar’s efforts align with the UAE’s clean energy ambitions and its pledge to achieve climate neutrality. The company has been pivotal in advancing renewable energy projects, with a portfolio exceeding 31…

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Govt Raises Petrol Price by Rs3.47, Diesel by Rs2.61 Amid Global Market Fluctuations

Admin
Petrol-Diesel

ISLAMABAD: The federal government on Wednesday announced an increase in the price of petrol by Rs3.47 per litre, bringing it to Rs256.13 per litre, and high-speed diesel (HSD) by Rs2.61 per litre, now priced at Rs260.95 per litre, for the upcoming fortnight. A press release from the Finance Division attributed the hike to fluctuations in the international oil market, though it did not address changes in kerosene and light diesel oil prices. Insiders had earlier anticipated a Rs5-6 per litre hike in petrol and marginal increases for other fuels due…

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Nepra Questions K-Electric’s Future Amid Heavy Reliance on National Grid

Admin
New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) approved a Rs4.98 per unit refund for K-Electric (KE) consumers under November’s fuel cost adjustment (FCA), applicable in February bills. However, the regulator raised serious concerns over KE’s sustainability due to its dependence on the national grid for over 67% of its power supply. During a public hearing, Nepra member Maqsood Anwar questioned the relevance of KE’s generation licence if the utility continues to source the majority of its power from the National Transmission and Dispatch Company (NTDC). He suggested revoking the…

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Paid in Blood: Gaza Ceasefire Announced After 15-Month Conflict

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Paid-Blood

DOHA: Palestinians celebrated on Wednesday as a ceasefire agreement between Israel and Hamas was announced, set to take effect on Sunday. Brokered by the United States and Qatar, the deal also includes a phased hostage and prisoner exchange after 15 months of conflict. Qatar’s Prime Minister, Sheikh Mohammed bin Abdulrahman Al-Thani, confirmed the agreement, expressing hope for a permanent peace. “The two parties have reached a deal on a prisoner swap, and mediators announce a ceasefire framework,” he said. At the White House, President Joe Biden described the negotiations as…

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