Category: Popular News

Potato glut exposes planning gaps as NA body seeks urgent relief for farmers

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potato exports

The National Assembly Standing Committee on National Food Security and Research on Monday raised alarm over a deepening potato glut, warning that structural weaknesses in crop planning and market forecasting are pushing farmers into repeated financial distress. The committee, which met at Parliament House under the chairmanship of Syed Tariq Hussain, took up a Point of Order regarding the ongoing potato crisis and was informed that a high-level committee had been constituted by Prime Minister Shehbaz Sharif on February 18, 2026. The body, chaired by Deputy Prime Minister Ishaq Dar,…

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OGDC finds oil, gas in Tando Allah Yar

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New-OGDCL1

ISLAMABAD:Oil and Gas Development Company Limited (OGDC) on Thursday announced a gas and condensate discovery at its Dars West-3 well located in the Tando Allah Yar district of Sindh. According to a statement, the new development well was successfully tested in the C-Sands of the Lower Goru Formation. The well was drilled to a total depth of 2,100 metres and tested using the company’s in-house technical expertise. During testing, Dars West-3 flowed at a rate of 9.70 million standard cubic feet per day (mmscfd) of gas along with 580 barrels…

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OGDC Announces Oil and Gas Discovery at Baragzai X-01 (Slant) in Kohat

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oil

ISLAMABADOil and Gas Development Company Limited (OGDC), Pakistan’s leading exploration and production company, on Friday announced a significant oil and gas discovery at its exploratory well Baragzai X-01 (Slant), located in Kohat district of Khyber Pakhtunkhwa province.The discovery has been made over the Lumshiwal Formation within the Nashpa Exploration Licence. During Cased Hole Drill Stem Test (CHDST-04) conducted in the Hangu and Lumshiwal formations, the well produced 225 barrels of oil per day (BOPD) and 1.01 million standard cubic feet per day (MMSCFD) of gas through a 32/64’’ choke at…

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Mangla refurbishment project on track

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Mangla-Dam

LAHORE: Water and Power Development Authority (Wapda) Chairman Lt Gen (Retd) Muhammad Saeed, during his visit to Mangla Hydel Power Station, was briefed that the refurbishment project was progressing ahead at a steady pace. Four power generating units have already been refurbished and are in operation with their enhanced generation capacity; another two will also come online by the end of this year, while overall completion of the project is scheduled for 2030. The chairman visited the control room, the generating units being refurbished in the turbine hall, and the…

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Gold, silver prices surge again, local rates hit new highs

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gold price

Gold and silver prices continued their upward trend on Thursday, widening the gap between precious metals and consumer affordability. The international bullion market saw gold rise by $79 per ounce to $5,012, prompting a surge in local rates. In Pakistan, the price of one tola of gold increased by Rs7,900 to Rs523,962, while 10 grams rose by Rs6,773 to Rs449,212. Silver prices also climbed, with one tola reaching Rs8,404, up Rs358, and 10 grams hitting Rs7,205, a gain of Rs205. Spot gold rose 0.7% to $5,012.83 per ounce by 0634…

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