Category: Popular News

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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Pakistan reaffirms nuclear cooperation with IAEA

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IAEA

February 17, 2026 (MLN): Pakistan reaffirmed its commitment to the peaceful and responsible use of nuclear technology, emphasizing its continued focus on harnessing nuclear science for socio-economic development and public welfare. Prime Minister Shehbaz Sharif met Director General of the International Atomic Energy Agency (IAEA) , Rafael Mariano Grossi, at the Vienna International Centre. Both sides discussed cooperation in cancer diagnosis and treatment, agriculture, nuclear power generation and industrial applications, while the IAEA chief praised Pakistan’s expertise in nuclear safety and security and welcomed its expected participation in the Nuclear Energy…

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Pakistan bears heavy climate burden despite low carbon footprint: PM Shehbaz

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heavy climate burden

Prime Minister Shehbaz Sharif said on Tuesday that although Pakistan contributes less than one per cent to global carbon emissions, it is amongst the most affected by climate change in his address at a United Nations event in Vienna. Speaking on ‘Sustainable Development as a Path to Global Peace and Prosperity’, the PM emphasised that sustainable development must be inclusive and equitable, leaving no one behind. “Development cannot be called sustainable if it excludes millions from the promise of a better life,” he added. Highlighting the disproportionate burden borne by…

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