Author: Admin

Electricity prices further jacked up by Rs3.76 per unit

Admin
electricity price increased

KARACHI: The National Electric Power Regulatory Authority (Nepra) on Tuesday hiked the per unit price of electricity by Rs3.76 per unit on account of quarterly fuel adjustment. According to a notification issued by the power regulator, the increase will be applicable for three months this year — June, July and August. As a result of the latest hike in electricity prices, consumers will face higher electricity bills, with additional rates of Rs 1.90 per unit in June, Rs 0.93 per unit in July and August. Furthermore, this tariff hike will…

Read More

No more need to Imports HSD OGRA

Admin
OGRA

Oct 24, Oil and Gas Regulatory Authority rebuts the news, that the country is carrying healthy stocks of HSD, suggesting no more need to import HSD in view of the ample supplies available with the refineries. It is clarified that HSD sales in the current month of October 2024 are up by 21% against the projected sales due to anti smuggling drive initiated by the Federal Government and the start of the agri season. The high sales have depleted the stocks that were reported as high earlier by refineries and…

Read More

PPL’S 73rd Annual General Meeting approves 25% Cash Dividend

Admin
PPL-Project

Karachi, October 25, 2024: Pakistan Petroleum Limited (PPL) held its 73rd Annual General Meeting (AGM) at a local hotel in Karachi, where shareholders approved the financial statements for the fiscal year ending June 30, 2024, along with the auditor’s report. A final cash dividend of 25% on ordinary shares was also ratified, bringing the total dividend for the year to 60%. The meeting was chaired by Mr. Shahab Rizvi, Chairman of the PPL Board of Directors, who expressed his gratitude to the shareholders for their continued trust and support. He…

Read More

Experts Warn of Biased Decision-Making in Pakistan’s Oil Industry

Admin
oil and gas

Pakistan’s oil industry is raising red flags over potential conflicts of interest and biased decision-making. The Ministry of Energy’s Petroleum Division is attempting to deploy officials from state-owned enterprises (SOEs) in key government departments, despite a 2020 directive calling for their repatriation due to risks of undermining impartiality ¹. Concerns Over SOE Dominance Experts warn that this move could cripple the already struggling energy sector. Officials from SOEs like Oil and Gas Development Company Limited (OGDCL) and Inter State Gas Systems (ISGS) are being placed in technical wings of the…

Read More

Federal, Sindh govts agree to construct M6 highway from Karachi to Sukkur instead of from Hyderabad to Sukkur.

Admin
Murad-Ali

KARACHI (Oct 24): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister of Communication Aleem Khan, during their meeting at CM House, agreed to build a M6 Motorway not from Hyderabad to Sukkur but from Karachi to Sukkur via Hyderabad. They agreed to explore the possibility of constructing the motorway through a Public-Private Partnership (PPP) or a consortium to be formed by the provincial and federal governments. The CM said that his team would study the options and ways to make this happen. This emerged in a meeting held…

Read More