Author: Admin

Petroleum Prices Set to Rise by Up to Rs5.90 Per Litre from November 16

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petrol-price

ISLAMABAD — The federal government is expected to increase petroleum product prices by up to Rs5.90 per litre for the upcoming fortnight, effective November 16. Sources indicate that the ex-depot price of petrol may rise by Rs2.58 per litre, from Rs248.38 to Rs250.96. High-speed diesel (HSD) could see a more substantial increase of Rs5.91 per litre, moving from Rs255.14 to Rs261.05. Kerosene oil is projected to increase by Rs5.54 per litre to Rs167.08, while light diesel oil (LDO) may go up by Rs5.90 to Rs153.41 per litre. These adjustments are…

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Major Development Banks Pledge $120 Billion for Climate Finance by 2030 at COP29

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BAKU — The COP29 summit received a promising early boost as major development banks, including the World Bank, pledged to increase climate finance to $120 billion by 2030. This commitment represents a 60% rise from 2023 funding levels, aimed at supporting developing and middle-income countries grappling with the impacts of global warming. “This is a positive step,” noted Irish Climate Minister Eamon Ryan, who emphasized that further contributions from governments and corporations are essential. China has also mobilized $24.5 billion to assist developing nations, Vice Premier Ding Xuexiang reported, reflecting…

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13th November, 2024

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Karachi: Qurrat Ul Ain, Acting President, FPCCI, has demanded that – while the apex body appreciates the announcement of winter package – the relief in the electricity tariff announced under it should be made available to small & medium enterprises (SMEs) as well through withdrawing the condition of 100,000 units consumption in the corresponding period of last year; and, resultantly, only applying the Rs. 26 / kWh tariff to the incremental units consumed after that threshold. Qurrat Ul Ain, Acting President, FPCCI, explained that SMEs and new industries in particular…

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CM Sindh & , fed maritime minister vows to address , tackling sea pollution, revive Keti Bandar port project

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CM-Sindh

KARACHI (Nov 13): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Maritime Qaiser Shaikh, during their meeting, discussed addressing fishermen’s issues, tackling sea pollution and plans to develop Keti Bandar as a new port. The meeting was held at CM House and was attended by Secretary to CM Raheem Shaikh and Chairman Port Qasim Rear Admiral Nasir Shah. At the outset, the discussion between the two began with the issue of fishing trawlers, which are depleting fish resources by destroying fish seedlings. The Chief Minister noted that…

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OGDCL Commences Gas Production from Uch-35 Well in Balochistan

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ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company, has launched natural gas production from the Uch-35 development well in Dera Bugti, Balochistan. The announcement, made to the Pakistan Stock Exchange (PSX) on Wednesday, marks a key step in the company’s strategic growth. OGDCL reported that the Uch-35 well was drilled to a depth of 1,345 meters, tapping the hydrocarbon-rich Sui Main Limestone formation. Currently, the well produces 5 million standard cubic feet per day (MMSCFD) of natural gas. Following the installation of a…

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