Category: Latest News

Govt Orders Probe into Petroleum Officials over Misstatement on Cnergyico Dues

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Pakistan Petroleum Ltd makes third discovery in Sujawal

ISLAMABAD: The government has launched an inquiry against Petroleum Division officials over contradictory statements made to the Prime Minister’s Office (PMO) and the division itself regarding outstanding dues owed by Cnergyico PK Limited (CPL), which led to serious embarrassment at the highest level. According to official sources, Secretary Petroleum Momin Agha has constituted a two-member inquiry committee comprising Joint Secretary Khalil Ahmed and Director Policy Wing Syed Ahsen to investigate the matter. The inquiry will determine responsibility for the inaccurate information provided by officials of the Directorate General of Oil…

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Murad Shah approves model aquaculture park, Thar water supply project

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New-Project66

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, presiding over the 48th PPP Policy Board meeting, approved the development of a Model Aquaculture Park along the coastal belt, as well as the Nabisar-Vajihar Water Supply Project.The meeting held at CM House was attended by Provincial Home Minister Zia Lanjar, Special Assistant to CM Syed Qasim Naveed, MPA Qasim Soomro, Chief Secretary Asif Hyder Shah, Chairman P&D Najam Shah, Commissioner Karachi Hassan Naqvi, SMBR Khalid Hyder Shah, Secretary Finance Fayaz Jatoi, Chairman SRB Dr Wasif Memon, Secretary Transport/DG PPP Unit Asad…

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Petroleum Division Forms Committee to Appoint Executive Director-General

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petroleum-group

KARACHI: The Petroleum Division has established a high-level committee to appoint an Executive Director-General (EDG) in a bid to enhance governance and efficiency within Pakistan’s oil and gas sector. The committee, chaired by Minister for Petroleum Division Ali Pervaiz Malik, has already initiated the interview process to fill the long-vacant EDG position, which has remained unoccupied despite its crucial role in the ministry’s operational structure. Currently, five Director-Generals (DGs) oversee key domains — including petroleum concessions, oil, and gas — focusing on exploration, refining, marketing, and policy implementation. According to…

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Petrol Prices Set to Drop by Rs6.10 per Litre from October 16

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Petroleum-prices

ISLAMABAD: In a welcome development for inflation-hit consumers, petrol prices in Pakistan are expected to fall by up to Rs6.10 per litre starting October 16, according to petroleum sector sources. As per industry estimates shared with the Oil and Gas Regulatory Authority (OGRA), the price of high-speed diesel (HSD) is likely to see a modest reduction of 97 paisa per litre, while kerosene could become cheaper by Rs2.75 per litre. Meanwhile, light diesel oil (LDO) is expected to drop by Rs1.64 per litre. Officials confirmed that OGRA has finalized its…

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Nepra Registers CPPA-G as Agent for Discos, KE Amid Serious Concerns from Member (Law)

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New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has officially registered the Central Power Purchasing Agency–Guaranteed (CPPA-G) as the authorized agent for distribution companies (Discos) and K-Electric, a move that has drawn an alarming note from Member (Law) Amina Ahmed. According to Nepra’s notification, the registration was granted under Section 25A of the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997, empowering CPPA-G (Corporate Universal Identification No. 0068608) to manage and settle legacy power contracts on behalf of Discos and KE, in line with specific terms and…

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