Category: Highlights

Shehbaz Govt May Follow Imran Khan’s Lead on IPPs, but With Strategic Tweaks

Admin
imran-shahbaz

ISLAMABAD: The Shehbaz Sharif-led government appears poised to adopt a similar approach to the Imran Khan administration in its dealings with Independent Power Producers (IPPs). This strategy includes reducing the Rate on Equity for public sector power plants, shutting down five Gencos to achieve a cost relief of up to Rs 4 per unit, and renegotiating existing contracts from a “take or pay” to a “take and pay” mechanism, according to well-placed sources. However, unlike previous efforts, this time the focus on addressing undue gains or profits by the IPPs…

Read More

Call for CPEC to Become a Model Green Belt Initiative

Admin
CPEC-new

LAHORE: The President of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI), Moazzam Ghurki, has called for transforming the China-Pakistan Economic Corridor (CPEC) into a model green Belt and Road Initiative (BRI) to safeguard the natural environment in the region. Speaking at a think tank session held at the PCJCCI on Thursday, Ghurki highlighted that such a transformation would not only protect the environment but also boost the adoption of green technologies and the production of renewable energy within ongoing CPEC projects across the country. He emphasized that efforts…

Read More

KCCI worried over delays in restoration of internet speed, social media apps

Admin
social-media

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while expressing deep concerns over slow internet connectivity and the subsequent faults as well as limited access to social media applications, stated that although it was assured that the internet connectivity would normalize upon installation of safety firewall but the issue persists which has resulted in terribly affecting all types of business activities.In a statement issued, President KCCI said that the Karachi Chamber has been receiving a large number of complaints from its member-firms who were finding it…

Read More

OGRA Launches “Plant for Pakistan” Initiative

Admin
OGRA

Islamabad, August 13, 2024: In commemoration of Pakistan’s 77th Independence Day, the Oil and Gas Regulatory Authority (OGRA) has launched the “Plant for Pakistan” initiative, reflecting the nation’s commitment to combating the adverse impacts of climate change. The eco-friendly drive was inaugurated by OGRA Chairman, Masroor Khan, who planted a tree alongside Members of the Authority and OGRA employees. The initial phase saw the planting of over 200 trees on the green belt in front of the OGRA Headquarters in Islamabad, in collaboration with the Capital Development Authority (CDA). Chairman…

Read More

OGDCL Announces Major Gas Discovery at Mari East Block in Rahim Yar Khan, Punjab

Admin
gas

ISLAMABAD, August 13, 2024: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest petroleum exploration and production company, on Tuesday announced a major gas discovery from its exploratory well Chak 202—1 in the Mari East Block, located in Rahim Yar Khan district of Punjab.The exploratory well Chak 202—1 was spudded on June 29, 2024, utilizing OGDCL’s in-house expertise and cutting-edge technology. The well was drilled to a depth of 1956.50 meters. Results from wireline logs interpretation and Drill Stem Test-1 (Barefoot) in the Sui Main Limestone (SML) have confirmed a…

Read More