Contracts for purchasing affordable gas for fertilizer plants are set to expire in June 2024, sources told ProPakistani. The Ministry… Read More
Refineries to Ramp Up Petrol, Diesel Production Under Upgrade Policy
Refineries in Pakistan are gearing up to meet Euro-V specifications and adjust their production to maximize petrol and diesel output… Read More
Pakistan Must Cancel Rs. 129 Billion Gas Subsidy to Get New And Much Bigger IMF Program
The Government of Pakistan must meet several key requirements including cancelling Rs. 129 billion in gas subsidies to qualify for… Read More
PSO’s Receiveables From PIA Near Rs. 28 Billion
The receivables of Pakistan State Oil from national flag carrier Pakistan International Airlines (PIA) have neared Rs. 28 billion. The… Read More
Shell Pakistan Posts Profit of Rs. 5.8 Billion in 2023
The Board of Directors of Shell Pakistan Limited (SPL) announced the company’s financial results for the year ended December 31st,… Read More
PSO’s Eco Street Initiative Turns Plastic Waste Into a Sustainable Street
The Mayor Karachi, Barrister Murtaza Wahab and MD & CEO, PSO, Syed Muhammad Taha inaugurated the company’s latest initiative, PSO… Read More
Pakistan’s Power Consumption to Fall Again, First Consecutive Annual Decrease in 16 Years
Hub Power Company Limited (PSX: HUBC) expects Pakistan’s power consumption to decline again this year due to increased tariffs and… Read More
Pakistan’s Gas Reserves to Decrease by 50% in Next 3 Years
Pakistan’s indigenous gas reserves are expected to halve by fiscal year 2026-27, placing significant strain on the country’s energy supply,… Read More
PSO to Write Letter to Govt for Rs. 70 Billion Bailout to Avoid Default
Pakistan State Oil (PSO) is set to ask the federal government for a Rs. 70 billion bailout so it may… Read More
Govt Again Approaches IMF For Rs. 1.25 Trillion Circular Debt Settlement Plan
The federal government has once again approached the International Monetary Fund (IMF) to consider its plan for settling Rs. 1,250… Read More
Participants Grill Organizers on Major Lapses in Renewables Energy Study on Karachi
A seminar organized by the Islamabad-based private entity, Renewables First, intended to highlight the challenges and opportunities of renewable energy… Read More
Final Nail in Public’s Coffin: Caretaker Govt to Increase Petrol Price Before Leaving
The Government of Pakistan is likely to increase the price of MS petrol by more than Rs. 3 to roughly… Read More
