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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has provisionally reduced the average prescribed gas prices for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) for the fiscal year 2025-26, according to decisions issued on November 24, 2025, under Section 8(2) of the OGRA Ordinance, 2002. After a detailed review of the Review of Estimated Revenue Requirement (RERR) of both gas utilities, OGRA rationalized their demand by optimizing costs and revenues. The regulator also incorporated the impact of deferred cargoes of Pakistan LNG Limited, providing…

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KARACHI: Oil & Gas Development Company Limited (OGDCL) has begun producing 1,100 barrels of oil per day from its newly developed Pasakhi-14 well, located in the Hyderabad district of Sindh. The well is part of the *Pasakhi & Pasakhi North Development & Production Lease (D&PL), where OGDCL holds a *100% working interest. Pasakhi-14 was delineated, drilled and tested using OGDCL’s in-house technical capabilities. The well reached a depth of 2,183 metres to evaluate the hydrocarbon potential of the upper sands of the Lower Goru Formation. To enhance drilling precision and…

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ISLAMABAD: International Financial Institutions (IFIs) have sounded the alarm over Pakistan’s growing climate vulnerability and environmental degradation, cautioning that unchecked population growth and dwindling natural resources could intensify the country’s economic and ecological fragility. The warning emerged during the closing plenary of the 28th Sustainable Development Conference, held on Friday, where experts — including representatives from the World Bank, International Monetary Fund (IMF), and United Nations Development Programme (UNDP) — emphasized the urgent need for policy reforms, sustainable financing, and integrated climate action. World Bank Country Director Dr. Bolormaa Amgaabazar…

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New IRENA report for G7 policymakers shows how digitalisation can cut costs, enhance reliability and strengthen power systems worldwide. Abu Dhabi, United Arab Emirates/Toronto, Canada, 30 October 2025  – Digitalisation and artificial intelligence-based applications are becoming gamechangers for the energy transition. They cut electricity costs for end-users, increase energy security, improve business performance, and help integrate low-cost renewables, according to a new report Digitalisation and AI for Power Systems Transformation: Perspectives for the G7 explores how Artificial Intelligence (AI) and enhanced applications such as forecasting or automated grid operations can create value…

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ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb met with Robert Louis Strayer II, President of the Critical Minerals Forum (USA), and Natalie Baker, Chargé d’Affaires of the United States, at the Ministry of Finance on Friday to discuss potential collaboration in Pakistan’s minerals and mining sector. Senior officials from the Ministry of Finance and related departments also participated in the meeting, which focused on strengthening supply-chain security, fostering sustainable investment, and exploring joint opportunities in Pakistan’s critical minerals domain. Welcoming the US delegation, Minister Aurangzeb highlighted Pakistan’s improving…

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