Category: Latest News

KATHMANDU: Nepal has temporarily suspended search and rescue operations due to heavy rain and poor visibility following a devastating flood in the Himalayan region bordering Tibet that has killed hundreds of people and left thousands missing. The disaster, triggered by a glacier collapse on Wednesday, sent a massive torrent of water, rocks, ice, mud and debris through mountain river systems, destroying buildings, bridges, roads and power infrastructure. At least 626 people have been killed in Nepal, while seven deaths have been reported in China’s Tibet region. Nearly 3,000 people remain…

Read More

DUBAI: Iran has condemned a fresh round of US economic sanctions as “state terrorism,” as Washington intensifies financial pressure on Tehran amid a prolonged conflict and a continuing standoff over the Strait of Hormuz. Iran’s Foreign Ministry said on Friday that countries were legally obligated to refrain from implementing US sanctions against Tehran, arguing that participation in the measures amounted to complicity in imposing what it described as an unlawful will on independent states. The ministry called the latest sanctions a “crime against humanity,” warning that the measures could put…

Read More

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a high-powered committee to investigate the causes of unusually high Unaccounted-for-Gas (UFG) losses being incurred by Sui Southern Gas Company Limited (SSGCL) in Balochistan and recommend short- and long-term measures to ensure the company’s financial and operational sustainability in the province. The committee, headed by Deputy Prime Minister and Foreign Minister Ishaq Dar, will examine the factors behind SSGCL’s persistent UFG losses and recommend corrective measures to bring them within the benchmark prescribed by the Oil and Gas Regulatory Authority (OGRA). The committee…

Read More

ISLAMABAD: Pakistan’s five major oil refineries have reaffirmed their commitment to signing agreements under the Brownfield Refinery Upgradation Policy early next month, a development expected to unlock around $6 billion in investment in the country’s refining sector. Federal Minister for Petroleum Ali Pervaiz Malik held separate meetings with the managements of Pak-Arab Refinery Company Limited (PARCO), Pakistan Refinery Limited (PRL), National Refinery Limited (NRL), Cnergyico and Attock Refinery Limited (ARL) to review progress on the policy, refinery performance and measures to strengthen Pakistan’s energy security. The managements of all five…

Read More

KARACHI: Cnergyico CEO Amir Abbassciy and Vice Chairman Usama Qureshi met with Federal Minister for Petroleum Ali Pervaiz Malik, Secretary Petroleum Hamed Yaqoob Sheikh and Additional Secretary Zafar Abbas to discuss the refinery upgradation policy and key challenges confronting Pakistan’s refining sector. During the meeting, Cnergyico’s leadership highlighted issues affecting southern refineries and the broader refining industry, stressing the need for supportive policies and timely resolution of operational and regulatory challenges. The company’s representatives appreciated the Petroleum Ministry’s efforts and commitment to facilitating solutions to the issues faced by the…

Read More