Category: Recent Post

Oil and Gas Development Company Limited (OGDCL) as operator (100 percent) of Jandran Exploration Licence has discovered gas from its exploratory well Jandran X-04, which is located in District Barkhan, Balochistan. According to material information sent to Pakistan Stock Exchange on Monday, the structure of Jandran X-04 was delineated, drilled and tested using OGDCL’s in-house expertise. The well was drilled down to the depth of 1200m into Parh Limestone. Based on Wireline logs data successfully DST was carried out in Mughal Kot Formation wherein the Well tested 7.08 million standard…

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ISLAMABAD: While de-linking the past payables and receivables worth hundreds of billions of rupees, the government and the K-Electric have agreed to sign a new power purchase agreement (PPA) for supply of a total of 2,050MW to Karachi — instead of historic 650MW — under which the government would make timely payment of tariff subsidies and the KE would clear its power bills through standby letters of credit (SBLC). In doing so, the government has made a commitment to also sign a separate agreement for payment of market-based mark-up on…

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Chinese Company RNL Technologies plans to start manufacturing electric vehicle (EV) chargers in Pakistan, said Owais Mir, CEO of Dynamic Engineering and Automation. Mir told China Economic Net that Dynamic Engineering and Automation has signed an MOU on Tuesday with one of the largest EV charger manufacturers and suppliers in China RNL Technologies and has sole representation of them in Pakistan. “RNL is willing to help DEA in every way possible to establish and grow this sector in a sustainable manner in Pakistan. DEA has already had a vast experience…

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Your assessment  ( the western media and countries …..want to see a powerful India to tackle the growing (military and economic) threat of China” )  is unambiguous and candid. Your conclusion (I must sayit  is a futile effort on the part of New Delhi. India will end up suffering (more)  in the process) also sounds realistic. These thoughts on India and China came across as a recognition of the geo-politics currently playing out in the region, particularly since US President Joe Biden’s near open declaration of contest with an “assertive China” in his April 24 speech. People also remember your interviews in which you categorically…

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Oil prices rose on Friday, reversing some of the previous day’s sharp losses as stock markets strengthened and the US dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India. Colonial Pipeline said late on Thursday it had restarted its entire pipeline system and had begun deliveries in all its markets. The line is the major conduit from Gulf refineries to the US East Coast. “Oil is rallying because supply is moving again, whether it is through the pipeline or the Mississippi river,” said Phil…

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