Category: Latest News

ISLAMABAD, August 25, 2026: Federal Minister for Petroleum Ali Pervaiz Malik today chaired the kick-off meeting for the feasibility study on establishing Strategic Petroleum Reserves (SPR) in Pakistan, with international energy consultancy M/s Wood Mackenzie selected to undertake the study following a competitive tender process in which four bids were received. The Minister was briefed on the scope and objectives of the study, following which the meeting discussed and agreed on the timelines and overall architecture for the assignment. The Minister highlighted that the Government is pursuing reforms and initiatives…

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ISLAMABAD: Details of salaries, positions and benefits of senior management of Oil & Gas Development Company Limited (OGDCL) were presented in the Senate, revealing that the company’s top executives receive monthly basic salaries running into millions of rupees. According to the details presented before the Senate, OGDCL Managing Director Ahmed Hayat Lak receives a basic monthly salary of Rs5.564 million (Rs5.564 million), while Chief Financial Officer Muhammad Anis Farooq draws Rs2.837 million per month. Executive Director Amir Saleem receives a monthly salary of Rs2.2 million, while Executive Director HR Shehzad…

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ISLAMABAD: August 25, 2026 In a major step to reduce the cost of electricity for consumers, the Power Division has identified significant inefficiencies in the procurement of imported coal by power plants and has issued policy guidelines for corrective action that could save the national exchequer up to PKR 380 Million annually. The revelation came across during a series of high-level meetings chaired by Federal Minister for Power Sardar Awais Ahmed Khan Leghari, where officials reviewed actual data, contractual arrangements and market practices rather than relying on reports or external…

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THARPARKAR: Pakistan has taken a significant step towards sustainable infrastructure with the inauguration of the country’s first model road constructed using pavers incorporating Thar Coal Combustion Products (CCPs) at the Thar Institute of Engineering, Sciences & Technology (TIEST), Tharparkar. The model road, inaugurated on August 18, 2026, is the result of a collaborative initiative between TIEST Tharparkar, a constituent college of NED University of Engineering & Technology (NEDUET), and Engro Powergen Thar Limited (EPTL). Covering approximately 13,200 square feet, the project demonstrates the potential of using coal combustion by-products as…

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ISLAMABAD: A total of 45 projects under the China-Pakistan Economic Corridor (CPEC) have been completed at a combined cost of $25.61 billion, according to government documents. The completed projects comprise 17 energy projects, 15 infrastructure projects and 13 economic and social development initiatives, reflecting progress across several key sectors of the CPEC programme. Major completed projects include the Sahiwal and Port Qasim power plants, Suki Kinari Hydropower Project, Multan-Sukkur Motorway (M-5) and the Lahore Orange Line Metro. The energy projects have contributed significantly to Pakistan’s power generation capacity, while major…

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