Category: Highlights

OGDCL Announces Major Gas and Condensate Discovery at Kharo Well-1 in Khairpur, Sindh

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ogdcl

ISLAMABAD, February 19, 2024: The Oil and Gas Development Company Limited (OGDCL) has announced a significant breakthrough in its exploration efforts with the discovery of gas and condensate at the Kharo-1, a well drilled in the Khewari exploration license area, located in Khairpur district of Sindh province.Following rigorous drilling and testing operations conducted with OGDCL’s proprietary expertise, the Kharo-1 well reached an impressive depth of 3,762 meters. Subsequent testing procedures registered promising results, showcasing a flow rate of 14.3 million standard cubic feet per day (MMSCFD) of gas, complemented by…

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Caretaker Energy Minister Advocates for Reduced Government Involvement in Businesses at Karachi Literature Festival

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Mohammed-Ali

Caretaker Energy Minister Mohammed Ali advocated for a reduction of government involvement in businesses during his address at the Karachi Literature Festival (KLF) 2024. He emphasized that Pakistan stands out as a multi-party democracy where the government holds significant control over various industries, a situation he deemed incompatible with achieving self-reliance. Speaking on the panel titled ‘The Big Picture: Future of Pakistan,’ Ali highlighted the need for alignment between the political and economic systems, stressing the importance of reducing the government’s footprint in businesses as a starting point for progress.…

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Gas at 2,750 per MMBtu Price Hike Will Make Industries Shut Down

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fpcci

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has strongly demanded that the government reevaluate its policy of continuously increasing energy prices on an immediate basis. Particularly, the decision to increase captive gas price to Rs. 2,750/MMBtu — an increase of 223% since January 2023 — threatens the very survival of Pakistan’s industrial sectors and a complete collapse is imminent. Mr. Atif Ikram Sheikh explained that the direct consequence of spiraling energy costs is an increase in production costs across all industrial sectors, forcing businesses to pass these costs onto consumers.…

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5th ENGINEERING CAPSTONE EXPO’2024 (PUNJAB REGION)

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PEC

Pakistan Engineering Council (PEC) is dedicated to promote growth of Engineering Education for whichPEC Pakistan Development Committee convenor Engr Mir Masood Rashid inviting at the 5th EngineeringCAPSTONE EXPO Punjab (FYDP- Final Year Design Projects exhibition), ENGR Muhammad Najeeb HaroonChairman PEC (Ex MNA) will be the chief guest. CAPSTONE will be held on Monday 19th FEB’2024 from10am to 4pm, at “PEC – REGIONAL OFFICE”, LAHORE. In this Expo 29 Universities are participating with170 shortlisted projects for showcasing.In this CAPSTONE Engineering Universities will showcase their Engineering students’ projects that pertainsto market/industry, where…

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Caretaker PM Prioritizes Resolution of Karachi Electric Issues

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Lahore-Electric

In a recent meeting chaired by Caretaker Prime Minister Anwaar ul Haq Kakar, emphasis was placed on resolving the remaining issues of Karachi Electric (KE) on an urgent basis. The meeting acknowledged the resolution of major challenges facing the company but underscored the importance of addressing any outstanding concerns. During the session, suggestions for resolving KE’s problems were deliberated upon, with the caretaker premier directing the National Electric Power Regulatory Authority (Nepra) and Karachi Electric to collaborate closely in finding prompt solutions. He requested a swift report on the matter.…

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