Category: Highlights

Consultative workshop on Sindh’s solar-wind hybrid project

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New-Project

SEPRA likely becoming functional by August end to remarkably reduce electricity tariff for Sindh’s domestic, industrial consumers: Nasir Hussain Shah Karachi: Sindh Energy Minister, Syed Nasir Hussain Shah, has said the electricity prices for domestic and industrial consumers in the province will significantly be reduced with Sindh Electric Power Regulatory Authority (SEPRA) likely becoming functional by end of next month to take over tariff determination affairs in Sindh.The Energy Minister stated this on Monday while speaking as the chief guest at a consultative workshop on “Solar Wind Hybrid Project B2B…

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Macroeconomic stability must before taking growth-oriented steps: Aurangzeb

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macroeconomic

KARACHI: Federal Minister for Finance & Revenue Muhammad Aurangzeb has said that efforts were being made to attain macroeconomic stability for sustainable growth because if the government, without attaining macroeconomic stability, takes growth-oriented steps which was done in the past, it would face balance of payment issue so there was no choice but to take difficult decisions for macroeconomic stability which, when achieved, would reduce the burden on business community as well as salaried class.Speaking at a meeting during his visit to the Karachi Chamber of Commerce & Industry (KCCI)…

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Special Economic zone will establish on remaining steel mills land , Steel Mill to be revitalized: CM

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steel-mill

KARACHI (July 30): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Industries & Production Rana Tanveer, in their meeting at CM House, discussed the revival of the Pakistan Steel Mill plan and the establishment of a Special Economic Zone on the remaining land. The meeting was attended by Provincial Minister Industries Jam Ikarm Dharejo, Chief Secretary Asif Hyder Shah, PSCM Agha Wasif, Secretary Industries Yasin Shar, and the Federal Minister was assisted by Federal Secretary for Industries Saif Anjum and his team. The chief minister said that…

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Miftah Ismail to File Petition Against K-Electric Over Rate Hikes

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K-electric

KARACHI: Awaam Pakistan Party leader Miftah Ismail has announced his plan to file a petition against K-Electric, citing a 350% increase in electricity rates since 2015. Speaking at a protest outside K-Electric’s head office, Ismail criticized the government’s management of electricity tariffs, arguing that it places undue burden on ordinary citizens. He highlighted the Pakistan People’s Party’s unfulfilled promise of providing 300 free units of electricity, questioning the rationale behind such steep rate hikes. Ismail asserted that no one should receive free electricity if ordinary citizens do not, and expressed…

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POL Discovers Oil and Gas Reserves in Kohat District

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oil price

ISLAMABAD: Pakistan Oilfields Limited (POL) has announced the discovery of significant hydrocarbon reserves at its Razgir-1 exploratory well in Kohat district, Khyber Pakhtunkhwa. POL, a subsidiary of Attock Oil Company Limited, shared the news with the Pakistan Stock Exchange (PSX) on Monday. The Razgir-1 well, part of the TAL block operated by MOL Group, was spudded on January 9, 2024, and drilled to a depth of 3,950 meters. The Drill Stem Test (DST) of the Lumshiwal formation revealed the well’s potential, producing 20 MMscf of gas per day and 250…

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