E Turbo launches cheapest EV motorbikes in Pakistan
The motorcycles introduced by eTurbo Motors can easily travel up to 300 km on a single charge, which is an affordable and eco-friendly solution to the growing transportation needs in Pakistan.
Editor
PSX Holds Gong Ceremony on Listing of Burj Clean Energy Modaraba
A gong ceremony was held at the Pakistan Stock Exchange (PSX) to mark the listing of Burj Clean Energy Modaraba (“Burj Modaraba”). Burj Modaraba is the first green energy fund in accordance with Shariah principles to be listed on the Stock Exchange on the Growth Enterprise Market (GEM) Board of PSX.
Adil Aziz
Gunvor Group Chairman, Total Energies VP meet PM
Chairman Torbjorn Tornqvist expressed the Gunvor Group’s keen interest in investment in the petroleum sector of Pakistan.
Mehfooz
Aramco has not commissioned any site in Pakistan
Gas & Oil Pakistan Ltd (GO) Chief Operating Officer Zeeshan Tayyeb clarified that ‘no Aramco site has been commissioned anywhere in Pakistan so far.
Machike-Thalian-Taru Jabba white oil pipeline project
The ceremony was witnessed by Federal Minister for Petroleum Dr. Musadik Malik, DG Special Investment Facilitation Council (SIFC) Major General Asad Rehman and Chairman OGRA Masroor Khan. The heads of consortium entities i.e. MD Pakistan State Oil (PSO) Syed Muhammad Taha, DG Frontier Works Organization (FWO) Major General Abdul Sami, signed the historical Consortium Agreement. MD PSO and DG FWO signed another MOU with stakeholders i.e. CEO PAPCO Mr. Irtiza Qureshi, MD Interstate Gas Systems (ISGS) Mr. Nadeem Bajwa.
PSO reports profit of PKR 15.9 billion in FY24
PSO has showcased impressive financial performance and strategic prowess in a challenging market, reporting profit of Rs.15.9 billion in Fiscal Year 2024.
Shell Pakistan profit 1.3 billion in first half
Shell Pakistan Limited (SPL) has posted a profit after tax of Rs.1.3 billion for half year results for the company, compared to the profit after tax of Rs. 3.5 billion made in the same period last year.
Pakistani solar company, SkyElectric breaks ground in Japanese market
Pakistan’s prestigious solar technology brand, SkyElectric has achieved a momentous breakthrough in the Japanese market by completing the first phase of the Japan Electrical Safety & Environment Technology Laboratories (JET) testing program, partially greenlighting the brand’s entry into the Japanese market.
EV giant BYD plans to build Karachi plant as part of entry into Pakistan
Chinese electric carmaker BYD plans to build a factory in Karachi with a local partner to capture a share of Pakistan’s growing electric vehicle (EV) market, according to a source familiar with the matter.
ADM Group to invest $250M in Pakistan’s electric vehicle sector
ADM Group Chief Executive Officer (CEO) Yasir Bhambhani said that the ADM Group was keen to invest an amount of $250 million in Pakistan for manufacturing of electric vehicles to provide ecological-friendly automobiles to local consumers.