Author: Admin

PPL records significant boost in hydrocarbon production

Admin
hydrocarbon

Pakistan Petroleum Limited (PPL) has registered a notable increase in hydrocarbon production from its wells located across the country. The exploration and production (E&P) company on Wednesday shared the details of its production enhancement registered during the period between April 2024 and November 2024 via notice to the Pakistan Stock Exchange (PSX). “The company is pleased to announce its contribution towards Pakistan’s energy outlook and reaffirms its unwavering commitment to the country’s energy security by prioritizing the maximization of domestic hydrocarbon production,” read the statement. PPL shared that with many…

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Oil slips after surprise build in U.S. gasoline stocks

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oil price

Oil prices edged lower on Wednesday as a large, surprise build in U.S. gasoline stocks outweighed easing supply concerns from a ceasefire deal between Israel and Hezbollah. Brent crude futures fell 12 cents, or 0.2%, to $723.69 a barrel by 10:40 a.m. ET (1540 GMT) and U.S. West Texas Intermediate crude eased 15 cents, or 0.2%, to $68.64. U.S. gasoline stocks rose by 3.3 million barrels in the week to 212.2 million barrels, the Energy Information Administration said, compared with analysts’ expectations in a Reuters poll for a 46,000-barrel draw.?…

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Eid Al Etihad 53: Dubai Unveils Unforgettable Experiences for the Long Weekend

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Eid Al Etihad

Eid Al Etihad 53: Dubai Unveils Unforgettable Experiences for the Long Weekend November 27, 2024 Dubai, UAE – Dubai is gearing up to celebrate Eid Al Etihad 53 with a spectacular array of experiences that promise to make the long weekend unforgettable. From 28 November to 3 December, Dubai will come alive with dazzling fireworks, cultural celebrations, thrilling live entertainment, exclusive offers at leading hotels and attractions, and a feast of local cuisine. Top Experiences to Enjoy in Dubai this Eid Al Etihad For more information, visit the Eid Al…

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October FCA: CPPA-G Proposes Rs2.6 Billion Refund for Power Consumers

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Power-sector

ISLAMABAD – The Central Power Purchasing Agency-Guaranteed (CPPA-G) has proposed refunding Rs 2.6 billion to power Distribution Companies (Discos) consumers for October 2024 under the monthly Fuel Charges Adjustment (FCA) mechanism. During a public hearing chaired by NEPRA Chairman Waseem Mukhtar, CPPA-G representative Naveed Qaisar revealed that the FCA variation for October was recorded at Rs 9.2583 per unit, compared to the reference rate of Rs 10.2752 per unit. This indicates a reduction of Rs 1.0159 per unit, resulting in a financial impact of Rs 10.14 billion. Qaisar explained that…

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2,300 Chinese Companies Driving Investment in Pakistan: PCJCCI Vice President

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New-PCJCCI

LAHORE – Zafar Iqbal, Vice President of the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), revealed during a meeting with the executive body that approximately 2,300 Chinese companies are actively operating in Pakistan. These companies, ranging from small to large-scale enterprises, are investing across diverse sectors, including the China-Pakistan Economic Corridor (CPEC). Expanding Investment HorizonsIqbal highlighted Chinese interest in key sectors such as electronics, automotive, education exchange programs, insurance, agriculture, textiles, chemicals, real estate, and battery recycling. He emphasized that these collaborations could boost Pakistan’s industrial capabilities and…

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