OGDCL earns Rs.123.296 billion profit in first half of FY 2023-24
Oil and Gas Development Company Limited (OGDCL) announced the financial results for the first half of the current fiscal year ended on December 31, 2023 (July-December), posting a profit of Rs123.296 billion.
Mehfooz
PBF urges govt to review gas tariff hike for boosting industry
President, Pakistan Business Forum (PBF) Khawaja Mahboob ur Rehman strongly demanded of the government to reevaluate policy of continuously increasing energy prices on an immediate basis.
Gas at 2,750 Per MMBTU price hike will make industries shut down: Atif Ikram
Mr. Atif Ikram Sheikh, President FPCCI, has strongly demanded that the government reevaluate its policy of continuously increasing energy prices on an immediate basis. Particularly, the decision to increase captive gas price to Rs. 2,750/MMBtu — an increase of 223% since January 2023 — threatens the very survival of Pakistan’s industrial sectors and a complete collapse is imminent.
Adil Aziz
APTMA opposes proposed hike in gas price for export oriented units
All Pakistan Textile Mills Association (APTMA-North) Chairman Kamran Arshad has opposed the proposed increase in gas price for Export-Oriented Units (EOUs), terming it disastrous for textile industry.
Minister for Energy inaugurates Oil, Gas and Minerals Career Expo
Federal Minister for Energy, Mr. Muhammad Ali inaugurated the first-ever national level ‘Fuelling Futures Career Expo 2024’ on January 31 at Pakistan China Friendship Centre, Islamabad. The two-day Career Expo has been organised by the Ministry of Energy (Petroleum Division) in collaboration with Pakistan Petroleum Limited (PPL).
Reduced power tariff to revive economic activities: President FBATI
President Federal B Area Trade and Industries (FBATI), Syed Raza Hussain, said the decision to cut down the power tariff by 7 cents will give a little relief to industrial consumers across the country.
Roadshow in Bangkok for Pakistan’s 300-MW floating solar plants
Pakistan will hold a roadshow in Bangkok on January 29 to attract investment for the 300-megawatt floating solar plants project to be executed at the Tarbela-Barotha Complex sites.
Four Exploration Companies will be investing over USD 33.3 Million
PPL, OGDCL, POL and UEP have taken exploration licenses of eight blocks to discover hydrocarbon reserves in three years
Azerbaijan’s SOCAR delivers to be second shipments of LNG in February
The government announced securing the second LNG cargo from the State Oil Company of the Azerbaijan Republic (SOCAR) under the Government-to-Government Framework Agreement between Pakistan LNG Limited (PLL) and SOCAR.
Majid Al Futtaim Installs Solar Energy in Flagship Carrefour Store in Pakistan to Reduce Carbon Footprint
Majid Al Futtaim, which owns the exclusive rights to operate Carrefour in Pakistan, announces the integration of solar energy into its flagship Carrefour store in the country, located in the Fortress Stadium, through a signed 950KW agreement with Maspro Energy (Pvt) Ltd. This marks its first solar powered store, serving as a testament to the company’s efforts towards a more sustainable future.
Editor