Author: Admin

PSO Collaborates with Dun & Bradstreet Pakistan to Boost Supplier Risk Management

Admin
PSO-Head

KARACHI: Pakistan State Oil Company Limited (PSO) has partnered with Dun & Bradstreet Pakistan (D&B) to enhance its supplier risk management through advanced data-driven insights. This collaboration leverages D&B’s expertise to empower PSO with robust risk analytics and supplier network visibility. The partnership enables PSO to perform real-time risk assessments, conduct thorough due diligence, and monitor key business indicators. By implementing D&B’s Risk Analytics, PSO aims to proactively identify and mitigate potential risks in its supply chain, ensuring operational resilience and integrity. “Our comprehensive Risk & Data Analytics services are…

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NPGCL Board Reinstates CEO Sabeeh Uz Zaman Faruqui

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New-NPGCL

ISLAMABAD: In a move contrary to Prime Minister Shehbaz Sharif’s directives, the Northern Power Generation Company Limited (NPGCL) Board has reinstated Sabeeh Uz Zaman Faruqui as CEO to leverage his expertise amid operational challenges. On December 20, 2024, the Prime Minister had suspended the CEOs of three Generation Companies (GENCOs), including Faruqui (GENCO-III), for hindering the disposal of dead assets and delaying human resource restructuring. Despite this, the NPGCL Board, following a formal inquiry, exonerated and reinstated Faruqui on January 3, 2025. Chairman of the NPGCL Board, Tabrez Aslam Shami,…

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Russia Warns New US Energy Sanctions Will Destabilize Global Markets

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New-Russia

MOSCOW: The Kremlin has criticized the latest US sanctions targeting the Russian energy sector, warning of potential destabilization of global oil markets. Moscow vowed to take measures to mitigate the impact of the sanctions, which were announced on Friday. “These actions by the United States are an attempt to undermine our companies through non-competitive means, but we are confident in our ability to counteract them,” Kremlin spokesman Dmitry Peskov stated. Peskov cautioned that such sanctions would inevitably disrupt international energy and oil markets. “We will closely monitor the repercussions and…

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Petrol, Diesel Prices Set to Rise by Rs6 per Litre

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Petrol-oil

ISLAMABAD: The prices of petroleum products, including high-speed diesel (HSD), petrol, and kerosene, are expected to increase by up to Rs6 per litre starting Wednesday, owing to a surge in international oil prices. Sources indicate that petrol prices may rise by Rs5-6 per litre, while kerosene and diesel prices are likely to increase by Rs3 and Rs2 per litre, respectively. The exact adjustment will be finalized by January 15. The upward trend follows a rebound in global oil markets, fueled by geopolitical tensions after US President-elect Donald Trump’s threats of…

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Pakistan to finalise Champions Trophy squad ‘after Saim Ayub’s recovery’

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Champions Trophy squad

LAHORE: Following the recovery of left-handed batsman Saim Ayub, who is dealing with a serious injury, Pakistan will finalise their Champions Trophy 2025 squad, Geo News reported citing sources, however an initial draft of the national team members will be forwarded to the International Cricket Council (ICC) today (Sunday). According to the protocol for ICC events, which requires participating nations to submit names one month in advance, today is the deadline for submitting the initial squad for the tournament. However, changes can be made to the draft and sent to the ICC…

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