Author: Admin

Oil Prices Slide Nearly 4% Amid Hopes of Middle East Ceasefire

Admin
New-Oil1

Global oil prices dropped sharply on Wednesday, falling around 4% as optimism grew over a potential ceasefire in the Middle East that could ease ongoing supply disruptions. Brent crude declined by $4.89, or 4.7%, to $99.60 per barrel, after touching an intraday low of $97.57. Meanwhile, US West Texas Intermediate (WTI) crude fell $3.54, or 3.8%, to $88.81 per barrel, having earlier dipped to $86.72. The decline follows a nearly 5% surge in both benchmarks a day earlier, highlighting continued market volatility. Market sentiment shifted after reports that the United…

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OGDC Commences Oil Production from Pasakhi-13, Pakistan’s First Horizontal Well in Clastic Reservoir

Admin
New-OGDC1

The well is producing 460 barrels of oil per day, showcasing advanced horizontal drilling and boosting domestic energy outputISLAMABAD, 24 March 2026: Oil and Gas Development Company Limited (OGDC) on Tuesday announced the successful commencement of oil production from its development well Pasakhi-13, marking a historic milestone as Pakistan’s first successful horizontal oil well in a clastic reservoir (Lower Goru – A Sand).Located in the Hyderabad district of Sindh province, Pasakhi-13 is currently producing 460 barrels of oil per day (BPD). The well was drilled to a measured depth of…

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OGRA Trains Oil Industry on Digital Track & Trace System to Strengthen Transparency

Admin
OGRA

Islamabad, March 24, 2026 The Oil and Gas Regulatory Authority (OGRA), in collaboration with the Punjab Information Technology Board (PITB), has conducted a comprehensive industry-wide training session on its Digital Platform, marking a significant step towards the implementation of a track and trace system for petroleum products across Pakistan. Held at OGRA’s Head Office in Islamabad, the session drew participation from over 200 industry representatives, with a large number joining virtually. Senior officials from OGRA and PITB were also present. The training focused on equipping stakeholders with practical understanding of…

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E-Bike Sales Surge in Pakistan as Rising Fuel Prices Drive Shift to Electric Mobility

Admin
E-Bikes

RAWALPINDI: The rising cost of petroleum is accelerating the adoption of electric motorcycles and battery-powered scooters across Pakistan, with sales and demand seeing a significant uptick in the open market. Government employees, ride-hailing riders, delivery workers, and students are increasingly turning to electric bikes as a cost-effective and eco-friendly alternative. Female students, working women, and delivery riders are now a common sight on the city’s streets riding e-bikes, highlighting the growing acceptance of electric mobility. Motorcycle dealers report that electric bikes are available on both cash and instalment plans, with…

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K-P Launches ‘Ehsaas Shajar’ Drive, Aims to Plant One Million Trees in a Day

Admin
New-Project110

PESHAWAR: Khyber-Pakhtunkhwa Chief Minister Muhammad Sohail Afridi inaugurated the ‘Ehsaas Shajar’ tree plantation campaign on Monday by planting a sapling at the Khyber-Pakhtunkhwa House in Islamabad, in line with **Imran Khan’s Clean and Green Pakistan initiative. Launched on the third day of Eid and coinciding with Pakistan Day (March 23), the drive sets an ambitious goal of planting one million saplings across the province in a single day—a record for official plantation efforts in K-P. Citizens are encouraged to join at the grassroots level to enhance community participation. Speaking at…

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