The Competition Commission of Pakistan (CCP) has given the green light for Aramco, a global energy and chemicals leader, to acquire a 40% equity stake in Gas & Oil Pakistan Ltd (GO). This move marks Aramco’s inaugural entry into Pakistan’s fuels retail sector, showcasing its confidence in the nation’s economic prospects and its dedication to fostering growth. Aramco Asia Singapore…
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In Washington, the International Monetary Fund’s Executive Board has given the green light for the immediate release of around $1.1 billion to Pakistan. This decision marks the completion of the second review under the Stand-By Arrangement (SBA), bringing the total disbursements under this program to approximately $3 billion. The board’s unanimous approval, except for India’s abstention, signals confidence in Pakistan’s…
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Islamabad, April 29, 2024: The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on April 29, 2024, at OGDCL Head Office, Islamabad announced the financial results for the period ended on March 31, 2024, of the fiscal year 2023-24. Net sales revenue clocked at Rs. 348.164 billion translating to Profit after tax of Rs. 171.104 billion and earnings per share of Rs. 39.78.
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On Friday, a fire broke out at one of JinkoSolar’s silicon wafer slicing and solar cell manufacturing workshops, located in China’s Shanxi province. The incident is expected to have repercussions on the company’s operations and financial results throughout 2024.
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Karachi: K-Electric, has requested a substantial increase of Rs. 18.86 per unit in their monthly adjustment for 7 months.
According to a report by ‘Dawn News,’ KE has submitted a request to the National Electric Power Regulatory Authority (NEPRA) for the monthly adjustment from July 2023 to March 2024.
Additionally, the company has also requested a reduction of 29 paisas per unit for 2 months, which would result in an overall increase of Rs. 18.57 per unit.
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ADNEC, Abu Dhabi – April 16, 2024 – Solis, At the World Future Energy Summit, had unveiled highly anticipated Commercial Energy Storage Inverter, the S6-EH3P(30-50)K-H. This innovative product promises to revolutionize the solar energy landscape with its cutting-edge features and performance capabilities. Boasting a remarkable maximum charge/discharge current of up to 70A+70A/140A, the S6-EH3P(30-50)K-H is set to redefine industry standards…
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Oil prices declined in early Asian trading on Monday, reversing gains from Friday. This drop came as Israel-Hamas peace talks in Cairo alleviated concerns about a broader conflict in the Middle East, and U.S. inflation data dampened expectations of imminent interest rate cuts. Brent crude futures fell by as much as $1, or 1.1%, to $88.50 a barrel before recovering…
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The President of Sarhad Chamber of Commerce and Industry, Fuad Ishaq, has called upon the government to provide soft loans to support the growth of the solar and green energy sector. Highlighting the sector’s potential to meet the country’s increasing energy demands while promoting environmental sustainability and job creation, Ishaq emphasized the need for proactive measures from federal and provincial…
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Karachi:– The National Forum for Environment and Health, in collaboration with the CSR Club of Pakistan, is hosting a the “Seminar on Effective Steps for Enrolling Out of School Children in Schools” alongside the “16th Annual Corporate Social Responsibility Summit-2024 (Karachi Chapter).” on April 30th in Karachi. The seminar, dedicated to addressing the critical issue of children out of the…
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Turkmenistan’s commitment to finalizing the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project alongside regional partners remains unwavering, according to TAPI Pipeline Company Limited CEO Muhammetmyrat Amanov. Amanov emphasized that Turkmenistan has advanced the energy initiative with steadfast dedication and adherence to international legal frameworks. The completed section of Turkmenistan’s segment and ongoing discussions align closely with global standards, ensuring environmental sustainability by…
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