Category: Shortcode

Thar coal block electrified

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thar-coal-power

KARACHI: The Thar Foundation recently marked a significant milestone with the inauguration of the Village Electrification Project (VEP), set to illuminate households in Thar Coal Block II through the installation of solar systems. As part of the initiative, a total of 1,035 households are poised to benefit, painting a promising picture of progress and development for the region’s villages. The project was inaugurated by Sindh Engro Coal Mining Company CEO Amir Iqbal in a ceremony held at Thar Coal Block II, while Azhar Malik (Director site SECMC), Farhan Ansari (GM…

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$340b needed to fight climate change

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climate-change

Akhtar says plan prepared to tackle issues, enable PSX to raise green financing KARACHI: Pakistan faces a monumental task in its battle against climate change, requiring a massive investment of $340 billion over the next seven years to confront the escalating threats of rising temperatures and sea levels. The nation’s fate, as well as its exports to the world, hangs in the balance. As the government gears up for the forthcoming COP meeting, it is confronted with the slow fulfilment of financial commitments made by multilateral and bilateral donors, worth…

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Oil marketing companies’ sales jump 19pc in October

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Petrol-price

KARACHI: Oil marketing companies recorded volumetric sales of 1.26 million tonnes in October, up 19 per cent from a month ago but down 24pc on an annual basis. According to a note by Topline Research on the latest industry data, the monthly jump in volumetric sales is due to the low base of the preceding month. In addition, higher prices and the fact that consumers waited in anticipation of a decline in prices to fill up their fuel tanks were also contributing factors. The average petrol price in October came down to…

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OGDCL ANNOUNCED FINANCIAL RESULTS FORTHE FIRST QUARTER ENDED SEPTEMBER, 30, 2023.

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ogdcl

Islamabad: The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on Ist November, 2023 at OGDCL Head Office, Islamabad announced the financial results for the first quarter ended 30th September, 2023 of fiscal year 2023-24. Net sales revenue clocked at Rs. 120.140 billion translating to Profit after tax of Rs. 49.037 billion and earnings per share of Rs. 11.40The Board of Directors announced first interim cash dividend to its shareholders @ Rs. 1.60 per share i.e. 16 percent. The dividend will be paid…

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Chronic air pollution in Punjab

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pollution

Immediate solution is water sprinkling tried in many SE Asian countries, Delhi ISLAMABAD: As usual there is again a smog attack in Punjab, especially in and around Lahore, Faisalabad and Gujranwala regions. The problem is so intense that there is a proposal for calling every Wednesday off for the coming few months. Smog causes a variety of respiratory, eyes and skin diseases, making life miserable for the affectedand their families. Smog is caused by a combination of smoke (air pollution) and fog. Air pollution particles ride on fog water and…

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