Category: Popular News

Hascol Petroleum Appoints Javed Ahmedjee as CEO Amid Restructuring Drive

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Javed-Project

KARACHI: Hascol Petroleum Limited has appointed Javed Ahmedjee as its new Chief Executive Officer (CEO), effective May 5, 2025, the company announced in a notice to the Pakistan Stock Exchange (PSX) on Monday. A seasoned executive and entrepreneur, Ahmedjee brings over three decades of experience in steering business transformations across sectors including energy, banking, pharmaceuticals, healthcare, education, and capital markets. His leadership footprint spans Pakistan, Africa, and Europe, with roles in both Fortune 500 corporations and regional enterprises. Hascol highlighted Ahmedjee’s instrumental role in executing Pakistan’s largest pharmaceutical merger and…

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Petroleum Division Seeks Reconstitution of LNG Import Committee Amid Prolonged Stalemate

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New-RLNG

ISLAMABAD: The Petroleum Division has proposed the reconstitution of the Committee on the import of Liquefied Natural Gas (LNG) following seven years of unsuccessful efforts to build consensus among stakeholders since its inception in 2018, official sources revealed. During a recent briefing to the Council of Common Interests (CCI), the Petroleum Division acknowledged that the previously constituted Committee, despite multiple consultations with stakeholders, failed to produce a consensus or final report. With a change in government, the earlier Committee ceased to function, prompting the Petroleum Division to recommend its reconstitution…

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Nepra Seeks Public Input on Draft O\&M Agreement for SEZ Power Supply

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New-NEPRA

ISLAMABAD: In a move to strengthen industrial infrastructure and streamline electricity distribution, the National Electric Power Regulatory Authority (Nepra) has invited public feedback on a proposed Operations and Maintenance (O\&M) agreement template submitted by Ex-Wapda Distribution Companies (XW-DISCOs). The draft is intended to govern power supply services within Special Economic Zones (SEZs) and Industrial Estates (IEs). Submitted under directives from the Ministry of Energy (Power Division), the O\&M agreement aims to establish a standardized framework for electricity distribution, enhancing transparency, reliability, and operational efficiency in these industrial hubs. Nepra has…

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BYD Pakistan and HUBCO Green to Launch Nation’s Largest DC Fast-Charging Network for Electric Vehicles

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electric-vehicle

KARACHI: In a landmark move for Pakistan’s electric vehicle (EV) sector, BYD Pakistan – Mega Motor Company (BYD|MMC) has signed a strategic partnership with HUBCO Green (Private) Limited (HGL) to establish the country’s most extensive DC fast-charging network for new energy vehicles (NEVs). This initiative is set to be a game-changer in accelerating Pakistan’s transition toward sustainable mobility by directly addressing one of the key challenges in EV adoption — the lack of reliable charging infrastructure. As part of the agreement, approximately 128 DC fast chargers will be installed nationwide…

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AGL Tariff Revision Deal Under Scrutiny: DG Audit Seeks Full Record of Agreement

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New-ARL

ISLAMABAD: The Director General Audit (Power) has requested the complete documentation related to the negotiated agreement between Attock Gen Limited (AGL) and the Government of Pakistan, sources told Business Recorder. The agreement, reached after negotiations between AGL and the Central Power Purchasing Agency–Guaranteed (CPPA-G), and facilitated by the federal Task Force on Energy, was formally approved by the Federal Cabinet. However, the DG Audit has now stepped in to assess the transparency and implementation of the revised pact. In an official communication, Taimur Khan, Inspecting Officer (IP-MoE), has asked the…

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