Category: Highlights

Industrialists reject gas tariff hike, warn closure of industries SITE President demands to withdraw Gas tariff hike

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Gas-Project

KARACHI: The President, SITE Association of Industry Muhammad Kamran Arbi, has condemned the recent increase in gas tariff as approved by the Economic Coordination Committee and the caretaker govt. He has demanded the caretaker Prime Minister Anwarul Haq Kakar, Federal Minister for Commerce, Industries & Production Dr. Gohar Ejaz and Minister for Energy Muhammad Ali to take back the decision of hike in gas tariff in the larger interest of national economy and to save the industries from collapse. He warned that in case, the decision is not withdrawn, the…

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MARI PETROLEUM COMPANY ANNOUNCES GAS DISCOVERY AT ITS MAINWAND X-1 ST-1 WELL LOCATED IN BLOCK – 28, BALOCHISTAN PROVINCE

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mari-petrolium

By the grace of Almighty Allah, Mari Petroleum Company Limited (MPCL) is pleased to announce a gas discovery resulting from its exploratory efforts at Maiwand X-1 St-1 exploration well, drilled in Block 28, in Kohlu District, Balochistan Province. MPCL is the Operator of Block 28 having 95% working interest along with OGDCL as joint venture partner with 5% carried working interest. The said well was spudded on June 12, 2023 and successfully drilled down to 2,516 meters (Measured Depth) on November 12, 2023. Multiple promising zones were tested during Drill…

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Aramco Refinery Likely to Join CPEC Framework

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CPEC-IPPs

According to well-informed sources within the Petroleum Division, the government is considering the inclusion of the $10 billion Saudi Aramco refinery project within the framework of the China Pakistan Economic Corridor (CPEC). A meeting held on December 22, 2023, between Pakistan’s Deputy Ambassador in Beijing and key officials from Sinopec Engineering Group (SEG) discussed Aramco’s proposal to involve Sinopec as a technical and equity partner in the Greenfield refinery and petrochemicals project. The SEG expressed willingness to move forward after being briefed on the Greenfield Refinery policy incentives approved by…

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Foreign Office Rejects International Criticism of Election Process

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Foreign-Office

In response to international criticism of Pakistan’s 2024 general elections, the Foreign Office reiterated its stance, dismissing external scrutiny and labeling the polls as an internal matter. Foreign Office spokesperson Mumtaz Zahra Baloch, addressing concerns raised by countries such as the US, UK, and EU regarding the fairness and transparency of the election process, asserted that such criticism lacked constructive objectivity. Baloch reaffirmed Pakistan’s sovereignty over its electoral affairs, emphasizing that the election process is solely the concern of the Pakistani government. Despite calls for investigating alleged irregularities and concerns…

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Nawaz Names Shehbaz Sharif as PM Candidate, Maryam Nawaz for Punjab CM

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Mariyam-Nawaz

The Pakistan Muslim League-Nawaz (PML-N) has decided to nominate Shehbaz Sharif as its candidate for the position of Prime Minister. Additionally, sources revealed that PML-N Chief Organizer Maryam Nawaz will be put forward as the candidate for the Punjab Chief Minister’s position. The final announcement regarding the prime ministerial candidate will be made in conjunction with allied parties. It’s noteworthy that Nawaz Sharif has given his approval for both Shehbaz Sharif and Maryam Nawaz to assume these roles. PML-N President Shehbaz Sharif expressed thanks to former President Asif Ali Zardari…

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