Category: Shortcode

KPOGCL Signs PCA with Government for Miran Petroleum Block

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New-KPOGCL

PESHAWAR: Khyber Pakhtunkhwa Oil & Gas Company Limited (KPOGCL) has signed a Petroleum Concession Agreement (PCA) with the Government of Pakistan for the Prospective Miran Petroleum Block, located in North Waziristan and Kurram Districts of Khyber Pakhtunkhwa. In a statement issued on Wednesday, KPOGCL’s Chief Executive Officer, Nasir Khan, hailed the agreement as a significant milestone in KPOGCL’s strategic expansion efforts, reaffirming the company’s commitment to enhancing Pakistan’s energy landscape. He expressed gratitude to the Federal and Provincial Governments, especially the Chief Minister of KP, Chief Secretary, Additional Chief Secretary,…

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Pakistan’s Debt Soars to Record Rs81 Trillion, Exceeds Statutory Limit by 15%

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Pakistan-Debt

ISLAMABAD: Pakistan’s total debt and liabilities have surged to nearly Rs81 trillion, marking a significant increase over the past year as the country struggles with finding new sources of financing due to poor credit ratings. According to the State Bank of Pakistan (SBP), the debt and liabilities grew by Rs8.4 trillion as of the end of March, with Rs4.4 trillion attributed to liabilities. This immense burden now represents three-fourths of the nation’s economy and surpasses the statutory limit set by the Fiscal Responsibility and Debt Limitation Act by approximately 15%…

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Government Seeks 25% Hike in Electricity Tariff

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Nepra-Price

ISLAMABAD: The government has formally proposed a significant increase of about 25% in the base national electricity tariff, to take effect from July 1, 2025. This hike aims to secure approximately Rs4 trillion in revenue for power companies in FY25. The National Electric Power Regulatory Authority (Nepra) has scheduled a public hearing for May 23 to examine a petition filed by the Central Power Purchasing Agency (CPPA) on behalf of power companies. The petition seeks an increase in the power purchase price (PPP) ranging from Rs4.40 to Rs6.51 per unit…

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UBG Leaders Address Investor Challenges and Call for Government Action on Economic Stability

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New-UBG

KARACHI (PR) – Leaders of the United Business Group (UBG), including Patron-in-Chief SM Tanveer, President Zubair Tufail, General Secretary (Sindh) Hanif Gohar, and Core Committee Member Syed Mazhar Ali Nasir, have highlighted the significant challenges faced by investors in Pakistan and called for robust government policies to ensure economic stability. In a discussion with a delegation of businessmen and industrialists, UBG leaders outlined the obstacles impeding both foreign and domestic investment. They pointed to a lack of long-term policies, economic uncertainties, and an onerous tax regime as major deterrents. High…

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GoodWe Releases 2023 CSR Report, Marking a Year of Strengthening ESG Management

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Good-we

GoodWe, a global leader in solar inverter manufacturing and renewable energy solutions, has released its 2023 Corporate Social Responsibility (CSR) report, demonstrating its commitment to supporting the United Nation’s Sustainable Development Goals (SDGs). Released on April 26, 2024, the report highlights GoodWe’s efforts in corporate governance, product responsibility, sustainable operations, industry engagement, employee development, and community contributions. “The release of the CSR report offers us an opportunity to remain transparent.” Daniel Huang, CEO of GoodWe, stated, “Integrating sustainability into our business strategy is crucial for the long-term development of the…

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