Category: Uncategorized

MAP Holds 40th Corporate Excellence Awards at Pearl Continental Hotel Karachi

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MAP

KARACHI, December 4, 2025:The Management Association of Pakistan (MAP) organized the 40th Corporate Excellence Awards (CEA) in Karachi, celebrating four decades of promoting excellence, governance, and best management practices across Pakistan’s corporate landscape. The Minister of Labor, Human Resources and Social Protection, Government of Sindh, Mr. Saeed Ghani, graced the occasion as Chief Guest and presented awards to the top-performing companies in both the Industrial and Financial sectors. He represented the Honorable Chief Minister of Sindh, who was attending the National Finance Commission meeting in Islamabad. President’s Remarks In his…

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US Poised to Expand Travel Ban to Over 30 Countries: Homeland Security Secretary

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New-Project65

The United States is preparing to widen its travel ban to include more than 30 countries, Homeland Security Secretary Kristi Noem revealed on Thursday. Speaking on Fox News’ The Ingraham Angle, Noem declined to confirm reports that the list would reach 32 nations but acknowledged the expansion is significant. “I won’t be specific on the number, but it’s over 30, and the president is continuing to evaluate countries,” she stated. President Donald Trump had previously signed a proclamation in June barring citizens from 12 nations and imposing restrictions on seven…

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OGRA Cuts Prescribed Gas Prices for SNGPL & SSGCL for FY 2025-26

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OGRA

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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OGDCL Commences Oil Production from Pasakhi-14 Well in Sindh

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Gas-OGDCL

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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Global Lenders Warn Pakistan of Mounting Climate Fragility, Urge Urgent Reforms and Sustainable Financing

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New-IMF

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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