Author: Admin

OGDCL Discovers Gas and Condensate in Sindh, Boosting Pakistan’s Energy Supply

Admin
ogdc-new

Islamabad: The state-owned Oil and Gas Development Company Ltd (OGDCL) has announced a significant gas and condensate discovery at its Dars West-3 well in Tando Allah Yar, Sindh. The well is producing 9.70 million standard cubic feet per day of gas and 580 barrels per day of condensate, with pipeline laying underway to connect it to the KPD-TAY processing plant. This discovery confirms the hydrocarbon potential of the Lower Goru Formation in the Dars West area, strengthening OGDCL’s resource base and supporting Pakistan’s energy security. The produced gas will be…

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Incremental consumption package: Industry, PD lock horns over financial impact

Admin
power-transmission

ISLAMABAD: The country’s industry and the Power Division have locked horns over the financial impact of the incremental consumption package on the overall electricity tariff, with both sides presenting conflicting claims about whether the relief measure led to new demand or merely shifted industrial load from captive generation to the national grid. The debate emerged during a public hearing held on Tuesday regarding quarterly adjustments on account of variation in Power Purchase Price (PPP) for the second quarter (October –December) of FY 2025-26. The proposed adjustment carries an impact of…

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Mangla refurbishment project on track

Admin
Mangla-Dam

LAHORE: Water and Power Development Authority (Wapda) Chairman Lt Gen (Retd) Muhammad Saeed, during his visit to Mangla Hydel Power Station, was briefed that the refurbishment project was progressing ahead at a steady pace. Four power generating units have already been refurbished and are in operation with their enhanced generation capacity; another two will also come online by the end of this year, while overall completion of the project is scheduled for 2030. The chairman visited the control room, the generating units being refurbished in the turbine hall, and the…

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Gold, silver prices surge again, local rates hit new highs

Admin
gold price

Gold and silver prices continued their upward trend on Thursday, widening the gap between precious metals and consumer affordability. The international bullion market saw gold rise by $79 per ounce to $5,012, prompting a surge in local rates. In Pakistan, the price of one tola of gold increased by Rs7,900 to Rs523,962, while 10 grams rose by Rs6,773 to Rs449,212. Silver prices also climbed, with one tola reaching Rs8,404, up Rs358, and 10 grams hitting Rs7,205, a gain of Rs205. Spot gold rose 0.7% to $5,012.83 per ounce by 0634…

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UK blocks US from using RAF bases for potential Iran strikes

Admin
Iran strikes

RAF F-35 aircraft performs a demonstration flight during the fifth day of Farnborough International Airshow at Farnborough International Exhibition & Conference Centre in Farnborough, United Kingdom (File photo).    BIRMINGHAM, England The United Kingdom has refused to grant US forces permission to use British military bases for potential strikes against Iran, The Times reported on Thursday. The decision has heightened tensions with Washington and prompted criticism from President Donald Trump. Under longstanding agreements, American aircraft could operate from RAF Fairford in Gloucestershire, home to US heavy bombers, and the joint US–UK…

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