Category: Highlights

Gwadar Coal Power Project Faces Financial, Regulatory Hurdles: Chinese Firm Raises Alarm

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cpec

ISLAMABAD: The planned 300 MW coal-fired power plant in Gwadar, a key component of the China-Pakistan Economic Corridor (CPEC), is facing serious financial and regulatory challenges, according to a detailed letter from M/s CIHC Pak Power Company Limited (CPPCL) to the Private Power and Infrastructure Board (PPIB). CPPCL Chairman Zhao Bo raised concerns over delayed approvals, foreign exchange losses, and restrictions on currency conversion, which have rendered the project commercially unviable in its current form. In his letter to Shah Jahan Mirza, Managing Director of PPIB, Zhao confirmed that CPPCL…

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Shell Q1 profit drops 28%, but beats expectations

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shell

LONDON: Shell on Friday reported a 28% drop in first-quarter net profit to $5.58 billion, beating analyst expectations, and kept the pace of its share buyback programme steady amid falling oil prices and lower refining margins than last year. It said it would buy back $3.5 billion worth of shares for the next three months, the fourteenth consecutive quarter of a buyback programme of at least $3 billion. That contrasts with rival BP, which has sharply cut its buybacks this year to shore up its balance sheet. Shell’s gearing, a…

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Canada’s Imperial Oil posts rise in quarterly profit on stronger refining margins

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Oil falls

Canadian oil producer Imperial Oil posted a rise in first-quarter profit on Friday, driven primarily by stronger margins in its refining and fuel sales business, sending its U.S.-listed shares up nearly 6% before the bell. Canadian producers have benefited from the completion of the Trans Mountain pipeline expansion project, which raised its capacity to 890,000 barrels per day. The pipeline offers producers the only export route to international markets bypassing the United States. “The upstream business continued to benefit from improved egress and narrower heavy oil differentials, while our downstream…

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PPDA meeting with Standing Committee on Energy at Parliament House

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New-Project8

The 8th meeting of the Standing Committee on Energy (Petroleum Division) of the Parliament House held at recently at Parliament House Islamabad to discuss problems of petroleum dealers Association and sharing suggestions to improve petroleum industry. Malik Khuda Baksh presented a bouquet on behalf of Abdul Sami Khan, Chairman Pakistan Petroleum Dealers Association (PPDA), to Syed Mustafa Mehmood, Chairman of the Standing Committee, as a gesture of goodwill and representation from PPDA. He was accompanied by Raja Waseem (Vice Chairman-PPDA), Ch. Zafar Elahi (Member-PPDA), and Faisal Arif (Member-PPDA) of the…

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Huawei FusionSolar Installer Training Seminar Successfully Held in Lahore

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Diwan-Project

LAHORE: Diwan International (Pvt) Ltd, in collaboration with Huawei FusionSolar, successfully organized the Huawei Installer Training Seminar on *April 28, 2025, at **The Nishat Hotel, Gulberg, Lahore. The event brought together a vibrant gathering of *leading solar installers, EPC companies, and industry professionals from across the region. The seminar focused on empowering participants through advanced training on Huawei’s smart PV solutions and deepened engagement with the Huawei Installer Community Program. The interactive sessions covered technical insights, product demonstrations, and practical knowledge sharing—aimed at elevating installation standards and promoting solar innovation…

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