Author: Admin

EIB Commits €160 Million to Rebuild Sindh, Improve Karachi Water Supply

Admin

ISLAMABAD: The European Investment Bank through its development arm EIB Global has pledged €160 million to support post-flood reconstruction in Sindh and enhance water infrastructure in Karachi, marking its return to Pakistan after a decade. The announcement was made at the EU-Pakistan Business Forum, where two major financing agreements were signed with the Government of Pakistan. Out of the total commitment, €100 million will fund Sindh’s housing reconstruction programme—currently the world’s largest post-disaster rebuilding initiative—aimed at restoring around 2.1 million homes damaged during the 2022 floods. The nearly $2 billion…

Read More

Global Nuclear Power Landscape 2026: USA, China, and France Lead; Pakistan Expands Capacity

Admin

As of 2026, more than 30 countries across the world are generating electricity through nuclear power, highlighting its growing importance as a reliable and low-carbon energy source. According to the World Nuclear Association, the United States, China, and France remain the top nuclear power producers globally. The United States leads with around 94 operational reactors, making it the largest producer of nuclear electricity. China ranks second, rapidly expanding its nuclear fleet with over 60 reactors as part of its clean energy transition strategy. France continues to rely heavily on nuclear…

Read More

OGDCL Announces Financial Results for the Nine Months Ended March 31, 2026; Declares Highest Third Quarterly Dividend of Rs 3.25 per Share, Taking Nine-Month Payout to Record Rs 11.00 per Share ISLAMABAD, April 29, 2026:

Admin

OGDCL Announces Financial Results for the Nine Months Ended March 31, 2026; Declares Highest Third Quarterly Dividend of Rs 3.25 per Share, Taking Nine-Month Payout to Record Rs 11.00 per ShareISLAMABAD, April 29, 2026: The Board of Directors of Oil & Gas Development Company Limited (OGDCL), in its meeting held on Wednesday, April 29, 2026, announced the financial results for the nine months ended March 31, 2026, and declared a third interim cash dividend of Rs 3.25 per share (32.50%) — the highest third quarterly dividend in the Company’s history.…

Read More

Sindh Govt, K-Electric move to design targeted electricity subsidy for low-income consumers

Admin
New-Project42

KARACHI (April 29): Sindh Chief Minister Syed Murad Ali Shah has directed the Energy Department and K-Electric to jointly develop a targeted subsidy mechanism aimed at reducing electricity costs for vulnerable consumers in Karachi, while improving supply reliability in low-income areas ahead of the summer season. The directive came during a meeting held at the Chief Minister House with K-Electric leadership, including Chairman Shahryar Chishti and CEO Syed Taha, and senior provincial officials such as PSCM Agha Wasif and Energy Secretary Shuhab Ansari. Expressing concern over prolonged and increasing load-shedding…

Read More

Cnergyico Posts Rs17.1bn Profit in 9MFY26, Marking Strong Financial Turnaround

Admin
New-Cnergyico

KARACHI: Cnergyico PK Limited has reported a remarkable financial recovery for the nine months ended March 31, 2026, posting a consolidated profit after tax of Rs17.10 billion compared to a loss of Rs1.76 billion in the same period last year, according to its filing at the Pakistan Stock Exchange. Earnings per share (EPS) improved significantly to Rs3.11 from a loss of Rs0.32, reflecting enhanced shareholder value. Net revenue rose 20.08% year-on-year to Rs261.86 billion, driven by improved refinery throughput, better product pricing, and stable domestic demand. Cost of sales increased…

Read More