Author: Admin

Sindh Chief Minister Syed Murad Ali Shah Visits Indus Motor Manufacturing Hub, Reaffirms Support for Local Auto Industry

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murad-ali-shah

KARACHI (August 12) – Sindh Chief Minister Syed Murad Ali Shah visited Indus Motor Company’s (IMC) manufacturing facility at Port Qasim Authority, emphasizing his government’s commitment to fostering the large-scale production of hybrid electric vehicles (HEVs) in Pakistan. During his visit, Chief Minister Shah toured IMC’s state-of-the-art facility and received a comprehensive briefing on the latest production processes, including the globally renowned Toyota Production System. IMC, a key player in Pakistan’s automotive industry, has been a driving force behind the “Make in Pakistan” initiative, promoting localization and introducing fuel-efficient, environmentally…

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OGDCL Announces Commencement of Production from Pakistan’s First-Ever Tight Gas Project

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ogdcl

ISLAMABAD, August 12, 2024: Oil and Gas Development Company Limited (OGDCL) on Monday announced the successful commencement of early commercial production of Tight Gas from Pakistan’s first-ever Tight Gas project, Nur West Well-1 at the Nur Development & Production Lease (D&PL), located in the Sujawal district of Sindh.The Nur West Well-1 is currently producing 1.5 Million Standard Cubic Feet per Day (MMSCFD) of gas with a wellhead flowing pressure of 1050 PSI. The gas is sourced from the Lower Guru formation (‘A’ Sand) and has been seamlessly integrated into the…

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Petrol, diesel prices likely to decrease from 15th Aug

Admin
Petroleum-prices

Pakistan may see a significant reduction in fuel prices in the coming days, with cuts of up to Rs12 per litre expected across various petroleum products, according to industry sources Preliminary calculations suggest that the price of petrol could decrease by over Rs9 per litre, while high-speed diesel (HSD) may see a reduction of up to Rs8.50 per litre. Kerosene oil is also likely to become cheaper, with a potential price cut exceeding Rs12 per litre. The Oil and Gas Regulatory Authority (OGRA) is set to finalise the pricing adjustments…

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Solar Panel Prices in Pakistan Hit Record Low Due to Excess Supply

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Solar-Panel

Solar panel prices in Pakistan have dropped to a historic low, with the per-watt cost now ranging between Rs. 30 and Rs. 32. This significant decrease in prices is largely attributed to the oversupply in the local market and a decline in international rates. Earlier this year in April, the per-watt price was around Rs. 39 to Rs. 40. By May, prices had slightly decreased, and solar panels that were being sold at Rs. 80 per watt two years ago are now available for just Rs. 37 per watt. The…

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Government to Extend Financial Close Date for Kohala Hydropower Project by Three Years

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Karot-Hydropower

ISLAMABAD: The government has decided to extend the Financial Close (FC) date for the 1124-MW Kohala Hydropower Project, a key initiative under the China-Pakistan Economic Corridor (CPEC), by three years, starting from October 1, 2024. This extension, granted under the Letter of Support (LoS), will also include a waiver of the extension fee, subject to certain conditions. The decision was made during a meeting of the PPIB’s Projects Committee, chaired by the Additional Secretary of Planning. The project, developed by China Three Gorges Corporation’s subsidiary, faced delays due to land…

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