Author: Admin

KARACHI: Karachi experienced intense heat conditions on Wednesday, with the “feels-like” temperature soaring to 54°C, despite the maximum recorded air temperature reaching 37.4°C, according to Pakistan Meteorological Department data. The heat index rose sharply during the day, climbing from 49°C around 1pm to 54°C by 3pm, driven by high humidity levels. Relative humidity was recorded at 79% in the morning and 65% in the evening, while the minimum temperature stood at 30°C. Other parts of Sindh also faced severe weather conditions, with Jacobabad recording 49.5°C, followed by Dadu at 49°C,…

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ISLAMABAD: Finance Minister Muhammad Aurangzeb will present Pakistan’s Federal Budget for fiscal year 2026-27 in the National Assembly on June 12, according to Adviser to the Finance Minister Khurram Schehzad. Sharing the revised schedule on social media platform X, Schehzad also announced that the Pakistan Economic Survey 2025-26 will be released by the finance minister at 2:20 pm on Thursday, providing a comprehensive review of the country’s economic performance during the outgoing fiscal year. The budget sessions of both the National Assembly and Senate have already been summoned by President…

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ISLAMABAD: A controversy has emerged over the proposed sale of 35 percent of gas from the Spinwam Gas Field by Mari Energies, after a formal complaint was submitted to Prime Minister Shehbaz Sharif and other relevant authorities alleging violations of regulatory requirements. The complaint, filed by the Organisation for Advancement & Safeguard of Industrial Sector (OASIS), contends that the bidding process is inconsistent with a decision of the Council of Common Interests (CCI), which permits exploration and production (E&P) companies to sell up to 35 percent of their gas share…

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In a landmark move toward modernization and digital transformation of Pakistan’s power sector, the Ministry of Energy (Power Division) has established the country’s first-ever Data Governance Council in the public sector under the leadership of the Federal Minister for Energy. The newly formed council includes representation from all major power sector entities and has been developed in consultation with the Pakistan Digital Authority. The initiative aims to integrate data from generation companies (GENCOs), distribution companies (DISCOs), transmission organizations, and regulatory institutions into a unified and coordinated system. With the establishment…

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KARACHI: Pakistan Petroleum Limited (PPL) has signed a memorandum of understanding (MoU) with Folio3, a US-based artificial intelligence technology company with a global delivery network, to explore the use of AI in enhancing efficiency across upstream oil and gas operations. According to a statement issued on Tuesday, the MoU was signed by PPL Managing Director and Chief Executive Officer Pakistan Petroleum Limited Mohammad Khalid Rehman and Folio3 Chief Executive Officer Adnan Lawai at PPL’s head office on June 9. Senior officials including Brigadier (retd) Ajaz Ahmad Khan were also present…

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