Author: Admin

ISLAMABAD: Details of salaries, positions and benefits of senior management of Oil & Gas Development Company Limited (OGDCL) were presented in the Senate, revealing that the company’s top executives receive monthly basic salaries running into millions of rupees. According to the details presented before the Senate, OGDCL Managing Director Ahmed Hayat Lak receives a basic monthly salary of Rs5.564 million (Rs5.564 million), while Chief Financial Officer Muhammad Anis Farooq draws Rs2.837 million per month. Executive Director Amir Saleem receives a monthly salary of Rs2.2 million, while Executive Director HR Shehzad…

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ISLAMABAD: August 25, 2026 In a major step to reduce the cost of electricity for consumers, the Power Division has identified significant inefficiencies in the procurement of imported coal by power plants and has issued policy guidelines for corrective action that could save the national exchequer up to PKR 380 Million annually. The revelation came across during a series of high-level meetings chaired by Federal Minister for Power Sardar Awais Ahmed Khan Leghari, where officials reviewed actual data, contractual arrangements and market practices rather than relying on reports or external…

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THARPARKAR: Pakistan has taken a significant step towards sustainable infrastructure with the inauguration of the country’s first model road constructed using pavers incorporating Thar Coal Combustion Products (CCPs) at the Thar Institute of Engineering, Sciences & Technology (TIEST), Tharparkar. The model road, inaugurated on August 18, 2026, is the result of a collaborative initiative between TIEST Tharparkar, a constituent college of NED University of Engineering & Technology (NEDUET), and Engro Powergen Thar Limited (EPTL). Covering approximately 13,200 square feet, the project demonstrates the potential of using coal combustion by-products as…

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ISLAMABAD: A total of 45 projects under the China-Pakistan Economic Corridor (CPEC) have been completed at a combined cost of $25.61 billion, according to government documents. The completed projects comprise 17 energy projects, 15 infrastructure projects and 13 economic and social development initiatives, reflecting progress across several key sectors of the CPEC programme. Major completed projects include the Sahiwal and Port Qasim power plants, Suki Kinari Hydropower Project, Multan-Sukkur Motorway (M-5) and the Lahore Orange Line Metro. The energy projects have contributed significantly to Pakistan’s power generation capacity, while major…

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ISLAMABAD: Pakistan State Oil (PSO) and Kuwait Petroleum Corporation (KPC) are exploring a major expansion of their longstanding partnership as Pakistan seeks to strengthen fuel security amid growing regional tensions and risks to energy supplies. The proposed expansion could broaden cooperation between the two companies beyond fuel supply to include refining, oil storage, terminals, shipping and logistics, potentially strengthening Pakistan’s overall petroleum supply chain. The two sides have reportedly been exploring opportunities that could enable Pakistan to increase domestic fuel storage capacity, improve refining capabilities and reduce exposure to disruptions…

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