Author: Admin

Consumers Likely to Receive Extended Installment Options for Electricity Bills

Admin
New-NEPRA

Islamabad: Efforts are underway to ease the financial burden on electricity consumers across the country. The National Electric Power Regulatory Authority (NEPRA) has proposed allowing consumers to pay their electricity bills in multiple installments within a single fiscal year. This initiative aims to address consumer difficulties while balancing the revenue requirements of distribution companies (DISCOs). NEPRA has also recommended amendments to the Consumer Service Manual (CSM) and invited feedback from stakeholders within seven days regarding the proposed changes. According to the documents, consumers will not incur markup charges if the…

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Indian Foreign Minister: No Talks on Trade with Pakistan in the Past Year

Admin
New-Project24

Washington: Indian Foreign Minister S. Jaishankar stated during a press conference at the Indian Embassy in Washington on Wednesday that there have been no discussions on trade with Pakistan over the past year. He clarified that it was Pakistan, not India, that decided to halt trade back in 2019. Jaishankar added that India had granted Pakistan “Most Favored Nation” (MFN) status, but Pakistan never reciprocated by granting the same status to India. On the issue of drug trafficking, Jaishankar accused Pakistan of being a source of significant quantities of narcotics…

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Solar Power Surpasses Coal in EU Electricity Mix for the First Time

Admin
Solar-Panels

Jan 23 (Reuters): Solar energy has overtaken coal in the European Union’s electricity mix for the first time, according to data released by energy think tank Ember on Thursday. Solar power accounted for 11% of the EU’s electricity generation in 2024, up from 9.3% in 2023, while coal’s share fell below 10%—a historic low since Ember began tracking these figures in 2011. The shift reflects the EU’s push to expand renewable energy to meet climate targets, reduce emissions, and cut dependence on fossil fuel imports to enhance energy security. Gas-fired…

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Pakistan’s Oil and Gas Production Declines Amid Weak Demand

Admin
oil and gas

Karachi: Pakistan’s oil and gas production recorded a significant decline during the first half of the current financial year, with oil output dropping by 10% and gas production falling by 7%, according to data released on Wednesday. The decline was largely attributed to forced curtailments at major fields like Nashpa and the TAL block, driven by reduced gas demand. Key oil fields, including Nashpa, Makori East, Pasakhi, Maramzai, Mardenkhel, Rajian, and Dhok Sultan, saw lower production during the July-December period. However, some fields, such as Mamikhel South, Sono, and Bettani,…

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OGDCL Enhances Oil Production at Kunnar Oil Field, Sindh

Admin
New-OGDCL-2

Hyderabad, Sindh: The Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production (E&P) company, has significantly boosted oil production at its Kunnar Oil Field in the Hyderabad district of Sindh. In a notice to the Pakistan Stock Exchange (PSX), OGDCL announced that the production at Kunnar-12 well has increased from 1,060 barrels per day (bpd) to 1,820 bpd, marking an impressive 760 bpd increment. This enhancement was achieved through production optimization efforts, including replacing the conventional Jet Pump with an advanced Electrical Submersible Pump (ESP). Additionally, the…

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