The Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest oil and gas exploration firm, reported a significant 16% decline in profit for the first quarter of fiscal year 2025, attributing the decrease to reduced sales volumes and fluctuating production levels. Despite ongoing efforts to streamline costs, the decline in revenue has had a noticeable […]
Read MoreThe Supreme Court of Pakistan issued a written order concerning the hearing from October 9 about the funds for the Diamer Bhasha and Mohmand dams. Chief Justice Qaze Faez Isa authored the order, which directs that the dam funds be transferred to the Public Account of the Federation. Following this transfer, the accounts under “The […]
Read MorePrime Minister Shehbaz Sharif addressed the 23rd meeting of the Council of the Heads of Government (CHG) of the Shanghai Cooperation Organization (SCO) this week, emphasizing the critical role of a robust SCO in achieving sustainable development in the region. He underscored the importance of advancing a shared vision for an economically integrated area, advocating […]
Read MorePakistan Petroleum Limited (PPL) Commences Oil and Gas Production in Punjab, Marking a Major Advancement in Domestic Energy Exploration Pakistan Petroleum Limited (PPL), one of the country’s leading state-owned energy enterprises, has achieved a significant breakthrough by initiating commercial oil and gas production from a newly discovered field in Punjab. This development signals an important […]
Read MoreResearchers have developed a model that can be used to project what a nation’s energy storage needs would be if it were to shift entirely to renewable energy sources, moving away from fossil fuels for electric power generation. The model offers policymakers critical information for use when making near-term decisions and engaging in long-term energy […]
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