Author: Admin

KCCI CALLS EMERGENT MEETING ON SUNDAY KCCI Constitutes Gul Plaza Fire Incident Committee; Appeals for Immediate Relief and Compensation

Admin
Gul-Plaza

KARACHI: In the wake of the tragic fire that engulfed Gul Plaza on M.A. Jinnah Road, resulting in the irreparable loss of precious human lives and the destruction of one of Karachi’s busiest commercial centers, an emergent meeting was held at the Karachi Chamber of Commerce and Industry (KCCI) on Sunday wherein formation of Gul Plaza Fire Incident Committee was announced to coordinate relief activities, assess damages, and formally appeal to the government for compensation and rehabilitation of affected traders.The Committee has been formed by Chairman Businessmen Group (BMG) Zubair…

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Ali Pervaiz Malik Highlights Pakistan’s Mineral Potential at Future Minerals Forum, Riyadh

Admin

Federal Minister for Petroleum, Ali Pervaiz Malik, represented Pakistan at the Future Minerals Forum (FMF) in Riyadh where he participated in high-level discussions showcasing Pakistan’s immense mineral potential to the world. On the sidelines of FMF, the Federal Minister held a series of high-level bilateral meetings. These included a meeting with HRH Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, during which both sides discussed ways to strengthen bilateral cooperation across the energy sector, including petroleum supply, renewable energy, energy efficiency, investment opportunities. Ali Pervaiz Malik also…

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Cherat Cement to Invest Rs1.85bn in Battery Storage and Solar Expansion

Admin
soalr energy

Islamabad: Cherat Cement Company Limited (CHCC) has approved an investment of Rs1.85 billion to install a 25 megawatt (MW) Battery Energy Storage System (BESS) along with an additional 5.4MW solar power plant at its manufacturing facility in Nowshera, Khyber Pakhtunkhwa, as part of efforts to reduce rising electricity costs and expand renewable energy usage. The decision was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Friday. According to the company, the project was approved by its Board of Directors through a circular resolution and is expected to…

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Mari Energies-Backed Sky47 Launches Cloud, AI Infrastructure Platform Near Islamabad

Admin
New-Mari1

Islamabad: Sky47 Limited, a majority-owned subsidiary of Mari Energies Limited, has formally entered Pakistan’s high-tech sector with the launch of its first cloud and artificial intelligence (AI) infrastructure platform near Islamabad. The development was disclosed by Mari Energies Limited (MARI) in a notice to the Pakistan Stock Exchange (PSX) on Friday. According to the notice, Sky47, through its wholly owned subsidiary Mari Technologies Limited, has established the facility at the Silicon Valley of Capital Smart City, marking a significant milestone in the group’s diversification into digital and advanced technologies. The…

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DISCO Inefficiencies Drain Rs397bn in FY25, NEPRA Flags Deep Governance Gaps

Admin
power-transmission

Islamabad: Pakistan’s public-sector power distribution companies (DISCOs) continued to fall short of key performance benchmarks in FY2024–25, with excessive transmission and distribution (T&D) losses and weak recoveries imposing a combined financial burden of nearly Rs397 billion, according to the State of Industry Report 2025 issued by the National Electric Power Regulatory Authority (NEPRA). NEPRA data showed that average T&D losses stood at 17.55 per cent, significantly above the allowed benchmark of 11.43pc, resulting in unrecovered losses estimated at Rs265bn. Despite repeated regulatory targets, most DISCOs failed to curb losses due…

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