Author: Admin

QUETTA: Reko Diq Mining Corporation (RDMC) has contributed over \$28 million to the Balochistan government in the form of taxes, royalties, and community development initiatives, company officials revealed during a media briefing on the project’s progress. According to RDMC Communications Manager Samia Ali Shah, the payments—tallied up to June 2025—include \$17.5 million in royalties, approximately \$3.8 million in taxes collected on behalf of employees and third parties, and \$7.2 million in community investment. Ms. Shah noted that the Balochistan government holds a 25% stake in the project without any financial…

Read More

ISLAMABAD: The Power Division has urged the federal government to delink Net Hydel Profit (NHP) payments from electricity tariffs, warning that passing on Rs170 billion in arrears to consumers would jeopardize power sector reforms and investor confidence. In a report submitted to the Council of Common Interests (CCI), the division proposed that NHP dues owed to Khyber Pakhtunkhwa and Punjab be settled through the federal budget or from WAPDA’s hydropower earnings, rather than being included in electricity bills. It noted that the existing tariff-based NHP model is outdated, fiscally unsustainable,…

Read More

KARACHI: Sui Southern Gas Company Limited (SSGC) has approved a key agreement with Jamshoro Joint Venture Limited (JJVL) to restart the extraction of liquefied petroleum gas (LPG) and natural gas liquids (NGL), the company announced in a filing to the Pakistan Stock Exchange (PSX) on Friday. The decision was taken at an SSGC Board of Directors meeting held on July 17, 2025, at the company’s head office. The agreement—initialled by both parties—has also been endorsed by the Special Investment Facilitation Council (SIFC), a federal body focused on boosting strategic investments.…

Read More