Sui, Dera Bugti – February 14, 2025: Pakistan Petroleum Limited (PPL) and the Government of Balochistan (GoB) have reached a significant milestone by signing a Memorandum of Agreement (MoA)—a crucial step towards the execution of the Petroleum Concession Agreement (PCA) for the Sui Development and Production Lease (D&PL). The signing ceremony, held at Sui, District Dera Bugti, was graced by…
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Global LNG: Asian spot LNG gains amid colder weather, Europe stocks concerns
SINGAPORE: Asian spot liquefied natural gas (LNG) prices rose to an over-one-year high this week, amid forecasts of colder temperatures and as concerns of Europe’s storage levels persist. The average LNG price for March delivery into northeast Asia was at $16.10 per million British thermal units (mmBtu), the highest since November 2023, industry sources estimated. “The main market concern is…
Read MoreSaudi and Pakistan forge stronger tourism ties, unlocking unprecedented travel opportunities
Feb 14th, Karachi: Saudi is emerging as a top global travel destination in 2025, offering exciting new opportunities for Pakistani travelers. With over 2.7 million Pakistani travelers visiting Saudi in 2024 and an anticipated 2.87 million in 2025, the country is strengthening its accessibility and diverse experiences beyond religious tourism. Saudi is enhancing travel for various segments, including solo female…
Read More17th Annual CSR Summit-2025 to Take Place in Islamabad on February 18
Islamabad: The 17th Annual Corporate Social Responsibility (CSR) Summit and Awards-2025, themed “Sustainable Pakistan,” is set to be held on February 18 at a prestigious hotel in Islamabad. The event will be graced by the Federal Minister for Maritime Affairs, Qaiser Ahmed Sheikh, as the chief guest. Organized by the National Forum for Environment and Health (NFEH), the summit serves…
Read MoreGovt Plans to Convert 3,400 Closed CNG Stations into EV Charging Hubs
ISLAMABAD: In a bid to accelerate electric vehicle (EV) adoption, the government is considering repurposing 3,400 closed CNG stations into EV charging hubs while lowering electricity tariffs to attract investment. With only eight operational EV charging stations and 94,000 electricity units consumed for EV charging over the past year, the National Electric Power Regulatory Authority (NEPRA) reviewed a proposal on…
Read MoreNepra Warns KE of Consequences Over Delayed Data Submission
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has cautioned K-Electric (KE) of serious repercussions for failing to provide timely and complete information as directed. According to Nepra’s order, KE was instructed on May 15, 2024, to submit details on net-metering applications rejected due to overloading of the Common Distribution System and Pole Mounted Transformers (PMTs) within seven days. However,…
Read MoreIMF Open to Reviewing Pakistan’s Power Tariff Cut Plan, Says PM Shehbaz
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday assured that concerns over the International Monetary Fund (IMF) rejecting Pakistan’s proposal to lower electricity prices have been addressed. Speaking at a federal cabinet meeting, he revealed that IMF Managing Director Kristalina Georgieva expressed willingness to consider Pakistan’s power tariff reduction plan if formally presented. During his recent visit to Dubai, the prime…
Read MoreNepra Notifies Rs1.23 Per Unit Refund, Grills Discos Over Security Deposit Hike
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a Rs1.23 per unit negative fuel cost adjustment (FCA) for consumers of ex-Wapda distribution companies (Discos) and K-Electric (KE) in their current month’s electricity bills. For Discos, the negative FCA applies to electricity consumed in December, while for KE, it corresponds to consumption in November. However, Nepra’s Member Tariff Mathar…
Read MoreRussia says it fully complied with OPEC+ oil deal in January
MOSCOW: Russia was in full compliance with the OPEC+ deal to restrain oil production in January and plans to do so this month, Deputy Prime Minister Alexander Novak told reporters on Wednesday. He also said that Russia planned to keep steady or increase oil refining throughput this year. Russia processed 266.5 million metric tons (5.33 million barrels per day) of…
Read MoreTurkish President Erdogan Arrives in Pakistan for Strategic Talks
ISLAMABAD: Turkish President Recep Tayyip Erdogan is set to arrive in Islamabad today for a two-day official visit at the invitation of Prime Minister Shehbaz Sharif. He will be accompanied by a high-level delegation, including ministers, senior officials, and business leaders, according to the Foreign Office. A key highlight of the visit will be the 7th Session of the Pakistan-Turkiye…
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