Category: Latest News

ISLAMABAD: Pakistan’s oil industry has opposed reports of another intervention in the petroleum pricing formula, warning that further reductions in allowable margins could disrupt fuel supplies, reduce refinery throughput and push oil marketing companies (OMCs) and refineries into an increasingly unsustainable operating environment. Industry sources said reports of fresh changes to the pricing mechanism were circulating, but neither refineries nor OMCs had been formally consulted by the government. If implemented, the proposed changes would represent what industry officials described as the ninth intervention in the petroleum pricing formula since the…

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KARACHI: Lundali-1, an exploratory natural gas well in Sindh’s Sukhpur-II Block, has commenced commercial production, with the newly produced gas being supplied to Sui Southern Gas Company Limited (SSGC). The development was announced separately by Oil and Gas Development Company Limited (OGDCL) and Mari Energies Limited (MARI) in their filings with the Pakistan Stock Exchange on Wednesday. OGDCL, which holds a 30% working interest in the Sukhpur-II Block, said Lundali-1 was successfully commissioned and achieved first gas on September 6, 2026. The well is currently producing 10 million standard cubic…

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ISLAMABAD: An inter-ministerial committee led by Minister for Power Sardar Awais Ahmad Khan Leghari has proposed a major restructuring of Pakistan’s automobile industry, with the new framework focusing on exports, greater localisation, new energy vehicles (NEVs), lower tariffs, increased competition and integration of local auto parts into global value chains. The committee, constituted to review and propose amendments to the draft Automotive and Auto Parts Manufacturing Policy 2026–31, has agreed on seven broad principles aimed at transforming the sector over the next five years. The proposed policy seeks to gradually…

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ADELAIDE, AUSTRALIA: Trinasolar has supplied 200 Vertex S+ 500W (NEG18R.28) solar modules for a new 100 kW rooftop solar system at the National Wine Centre of Australia, one of South Australia’s most recognised tourism and hospitality landmarks. Located next to the Adelaide Botanic Garden, the National Wine Centre presented a complex installation challenge, with the solar system spanning two buildings featuring unique, multi-angled roof structures. The installation also had to be completed without disrupting the venue’s ongoing operations. Delivered by Venergy Solar, the project was carefully designed around the existing…

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