Category: Latest News

Pakistan Faces 60MAF Water Shortfall by 2050, Senate Committee Warns

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New-Project42

ISLAMABAD: Pakistan will require an additional 60 million acre feet (MAF) of irrigation water by 2050 to meet the food, energy, and developmental needs of a rapidly growing population projected to reach 315 million, up from the current estimate of 251 million. Ongoing water storage projects, however, will provide only 11.13MAF of additional capacity, leaving a significant gap that demands urgent planning and investment. These insights were shared during a meeting of the Senate Standing Committee on Water Resources, chaired by Senator Shahadat Awan on Monday. Concern Over Suparco’s Non-Compliance…

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OGRA Approves Up to 7% Increase in Gas Prices to Meet Rs886bn Revenue Requirement

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has approved an increase of up to 7% (Rs118 per mmBtu) in prescribed natural gas prices for FY2025-26, aimed at enabling the two state-owned gas utilities to meet their combined Rs886 billion revenue requirement for the upcoming fiscal year. In its latest determination submitted to the federal government, OGRA set the average revenue requirement for Sui Southern Gas Company Ltd (SSGCL) at Rs370 billion, up from Rs354bn allowed in July. The revised prescribed price for SSGCL now stands at Rs1,777 per mmBtu,…

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Global Momentum for Implementation Marks COP30 as IRENA Pushes for Accelerated Energy Transition

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Cop-30

The 30th United Nations Climate Change Conference (COP30) concluded last week with a strong global push toward translating climate commitments into tangible action. The International Renewable Energy Agency (IRENA), alongside international partners and allies, played a pivotal role in showcasing practical pathways to advance just, inclusive, and accelerated energy transitions worldwide. At the heart of its COP30 engagement, IRENA hosted the Global Renewables Hub in partnership with the Global Renewables Alliance (GRA). The pavilion served as a vibrant meeting point for governments, industry leaders, civil society, and experts, enabling rich…

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Beko Reinforces Long-Term Commitment to Pakistan’s Home Appliances Industry

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New-Project41

Karachi, Pakistan – 25 November 2025: Koç Holding — Türkiye’s leading investment conglomerate — reiterated its confidence in Pakistan’s economic potential and in Dawlance’s growth strategy following a strategic visit by top leadership from Koç Holding and Beko, the Group’s flagship brand in the global consumer durables industry. The delegation featured Dr. Fatih Kemal Ebiçlioğlu, President of Consumer Durables Group at Koç Holding; Can Dinçer, Chief Commercial Officer for Türkiye and South Asia at Beko; Nihat Bayız, Chief Production & Technology Officer at Beko; and Handan Abdurrahmanoğlu, Director of Regional…

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PPL carries out Successful Workover Operations in Adam West X-1 ST, Hala Block, Sindh

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New-Project40

KARACHI, November 24, 2025: Pakistan Petroleum Limited (PPL) is pleased to announce successful workover operations of well in Adam West field located in Hala Block, District Matiari, Sindh. The Company is the operator of the Block with 65 percent working interest (WI), along with JV partner Mari Energies Limited with 35 percent WI. Discovery of hydrocarbons was made in Adam West X-1, the only well in Adam West field, in September 2014, in Lower Goru formation. In June 2015, the well started production and in 2019, the well experienced water…

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