ISLAMABAD: The Ministry of Energy has directed the Oil and Gas Regulatory Authority (Ogra) to finalize the framework for transferring the responsibility of setting petroleum prices to the oil industry. In a letter issued on Wednesday, the ministry instructed Ogra Chairman to convene a meeting today (Thursday) to discuss the analysis, implications, and strategies for deregulating petroleum products. This move…
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Federal Minister for Petroleum Dr Musadik Malik held a meeting with the Deputy Chairman of the Cabinet of Ministers and Minister of Foreign Affairs of Turkmenistan Mr. Rashid Meredov who is on a two day visit to Pakistan accompanied by Turkmen delegation including Mr.Ata Haljanov, head of International economic cooperation division, Ministry of Foreign Affairs of Turkmenistan.
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The Muttahida Quami Movement Pakistan has submitted a resolution to the Sindh Assembly calling upon the federal government to review its agreements with independent power producers (IPPs).
The resolution in question was submitted to the secretariat of the Sindh Assembly by the Leader of Opposition in the Sindh Assembly, Ali Khursheedi and MPA of MQM Pakistan, Najam Mirza on Wednesday.
ISLAMABAD: Prime Minister Shehbaz Sharif has instructed the Ministry of Power to develop a comprehensive plan to reduce electricity costs for industries, aiming to boost the country’s exports. During a meeting of the National Export Development Board (NEDB) on Tuesday, the Prime Minister noted that domestic exports exceeded USD 30 billion last fiscal year, with IT exports surpassing USD 3.2…
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ISLAMABAD: Over the past two years, Pakistan has experienced an unprecedented rise in basic electricity tariffs, amounting to Rs25.76 per unit, as per official sources. This increase includes a fixed surcharge of Rs3.23 per unit, significantly raising costs for all consumer categories. From July to October 2022, the basic tariff rose by Rs7.91 per unit, followed by an additional Rs7.50…
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Mari Petroleum Company Limited (MPCL) announces the successful completion of the appraisal program for Ghazij gas discovery, a significant stride towards addressing Pakistan’s energy needs and enhancing food security.Discovered in January 2023 within the Mari Development and Production Lease area, the Ghazij gas field has unlocked new hydrocarbon opportunities in the mature basins. MPCL’s fast track appraisal campaign, which included…
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Faisalabad, Pakistan – July 22, 2024 – Solis is proud to announce the successful completion of the first two training sessions of the Solis Certified Installer Program Training in Pakistan. Held on July 19th Gujranwala, July 20th Lahore and July 22nd Faisalabad these initial sessions marked the beginning of a comprehensive series of training events aimed at empowering solar professionals…
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The power sector’s transition from vertically integrated utilities (VIUs) to a competitive market structure has been a global trend since the 1980s, aimed at enhancing competition, efficiency, liquidity, reducing costs, and improving service quality. In the context of the Government of Pakistan (GoP), several challenges have hindered this transition since three decades.
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Islamabad: The Oil and Gas Regulatory Authority (OGRA) has taken serious note of the issue of mixing carbon dioxide (CO2) with liquefied petroleum gas (LPG) by illegal decanters. In response, OGRA conducted a high-profile meeting chaired by Mr. Masroor Khan, Chairman OGRA, along with authority members, enforcement, legal, and LPG teams. The meeting addressed the potential life risks associated with…
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ISLAMABAD: Finance Minister Muhammad Aurangzeb expressed optimism on Thursday about finalizing a $6 billion Extended Fund Facility (EFF) deal with the International Monetary Fund (IMF) within this month, having completed almost all prior actions ahead of time. Additionally, he mentioned reaching an agreement in principle with all provinces over the agricultural income tax. The government plans to request the IMF…
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