Author: Admin

Bike, Loader Prices Surge Amid Rising Fuel and Freight Costs

Admin
New-Project124

KARACHI: Escalating freight charges, war risk premiums, and rising diesel prices linked to the ongoing Middle East conflict have compelled local motorcycle and three-wheeler loader assemblers to increase prices by Rs1,500 to Rs10,000, effective April 1. While car manufacturers have yet to announce similar hikes, industry insiders anticipate they may soon follow suit. Pak Star Automobile Ltd has raised prices of its 100cc to 200cc loaders by Rs10,000, citing higher costs of Chinese-origin parts, along with increased freight and transportation expenses. Meanwhile, N.J. Auto Industries has increased prices of all…

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Pakistan begins oil production from first horizontal oil well

Admin
oil price

ISLAMABAD: In a crucial global scenario of energy crisis, Pakistan has marked a significant milestone in its energy sector with the activation of its first horizontal oil well. The Oil and Gas Development Company Limited (OGDCL) of Pakistan has made operational Pakistan’s first ‘Horizontal oil Well’. The well, named ‘PASAKHI 13’, is located in Hyderabad district in Sindh province and has begun producing approximately 460 barrels of oil per day, according to OGDCL. OGDCL said the well was drilled to a total depth of 2,966 metres, including a 546-metre horizontal…

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Pakistan, Oman Reaffirm Commitment to Expand Energy Partnership amid Evolving Regional Situation

Admin
New-Project123

Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with H.E. Fahad Bin Sulaiman Bin Khalaf Alkharusi, Ambassador of the Sultanate of Oman to Pakistan, to discuss the evolving energy situation in the region and avenues for strengthening bilateral cooperation in the energy sector. The Federal Minister highlighted that Pakistan and Oman enjoy long-standing, cordial and brotherly relations, rooted in shared history, mutual respect and strong people-to-people ties. He reaffirmed Pakistan’s commitment to further expand the bilateral energy partnership and explore new areas of collaboration. During the meeting, the…

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Solcraft, ORKO Partner to Install 500 EV Chargers Across Pakistan

Admin
New-Project122

KARACHI: Renewable energy firm Solcraft and AI-powered mobility platform ORKO have announced a strategic partnership to deploy 500 electric vehicle (EV) charging stations across Pakistan within the next two years. According to a joint statement, the collaboration will deliver a fully integrated solution combining physical charging infrastructure with advanced digital intelligence, marking a first-of-its-kind initiative in the country’s EV ecosystem. The partnership aims to serve a broad range of stakeholders, including charging network operators, fuel retailers, logistics companies, automotive manufacturers, and public-sector institutions. The move aligns with Pakistan’s National Electric…

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Pakistan Awards Rs12.67bn Local Grid Contracts, Cuts Costs by 40%

Admin
Power-Sector

ISLAMABAD: Pakistan has awarded Rs12.67 billion ($45 million) in contracts to domestic manufacturers for power transmission equipment, achieving cost savings of around 40 percent compared to imports, in a major boost to industrial self-reliance. Federal Minister for Power Sardar Awais Ahmed Khan Leghari termed the initiative a “transformative success,” highlighting its role in reducing dependence on foreign suppliers and conserving valuable foreign exchange. The contracts, issued by the National Grid Company (NGC), represent one of the largest locally sourced procurements in the transmission sector. They were awarded through competitive bidding…

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