Category: Highlights

Ministry seeks ECC nod for new OMCs, dealers’ digitisation

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PETROLEUM

KARACHI: The Petroleum ministry is set to send a summary to the Economic Coordination Committee (ECC), in near future, for imposition of additional fees for oil marketing companies (OMCs) and dealers to digitize supply chain and petrol pumps in a bid to curb fuel smuggling. While talking to the media during his visit to the Sui Southern Gas Company Limited (SSGC) on Friday, Federal Minister for Petroleum Ali Pervaiz Malik said that the additional fee will be added to the price of petroleum products. However, he claimed that the imposition…

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LONGi President Li Zhenguo: BC Cell Market Share to Exceed 30% by 2028

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In a recent interview with Mark, Executive Editor of Caijing Magazine, Li Zhenguo, founder and president of LONGi addressed market concerns regarding the company’s market structure, technological roadmap selection, and the competitive landscape of the photovoltaic (PV) industry. Below are key excerpts:  1. Market Structure Q: Industry fundamentals remain unchanged: Why is LONGi confident about growth? Li Zhenguo: In 2024, LONGi implemented three major adjustments. First, we achieved breakthroughs in second-generation BC (Back Contact) cell technology. By the second half of 2025, we’ll achieve 50GW proprietary BC cell capacity plus…

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Privatization and Finance Ministers Engage Global Investors at High-Profile Roundtable in London

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New-Project13

London, May 7, 2025 — In a strong show of investor confidence in Pakistan’s economic trajectory, the Federal Minister for Privatization and the Federal Minister for Finance participated in an exclusive Investor Roundtable hosted by KTrade Securities at Carlos Place, London. The high-impact event brought together a select group of global private equity investors and strategic partners interested in unlocking Pakistan’s investment potential. Prominent international investors in attendance included NIU Invest (Germany), with a focus on mining and real estate; Hamid Nasir of General Atomics; Dr. Yanwen Chan from Phinx…

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Federal Minister for Petroleum Ali Pervaiz Malik Meets Canadian High Commission’s Counselor Daniel Arsenault to Discuss Energy Cooperation

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Petroleum

Islamabad, May 07,2025 Federal Minister for Petroleum Ali Pervaiz Malik was called on by H.E Daniel Arsenault, Political and Trade Counsellor at the Canadian High Commission, today in Islamabad. The discussions centered on opportunities for enhanced bilateral cooperation in clean energy, minerals and geological survey. Federal Minister Ali Pervaiz Malik congratulated Canadian Prime Minister Mark Carney on assuming office. Expressing concern over recent escalations between India and Pakistan, Mr. Arsenault emphasized the need for restraint to prevent further instability in the region. He underscored Canada’s apprehension regarding attacks in densely…

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Senate Committee Slams OGDCL, Gas Firms Over Inquiry Evasion and Worsening Crisis

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OGDCL-Project

ISLAMABAD – May 7, 2025:The Senate Standing Committee on Petroleum voiced sharp criticism on Tuesday against the Oil and Gas Development Company Limited (OGDCL) and other stakeholders for ignoring parliamentary queries amid Pakistan’s deepening gas crisis and rising operational costs. Chaired by *Senator Umar Farooq, the meeting saw lawmakers expressing alarm over **continued evasion by key public and private sector energy companies, especially OGDCL — the country’s largest upstream oil and gas firm — for *repeatedly failing to respond to the committee’s questions. Senator Rana Mahmoodul Hassan highlighted that crucial…

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