Staff Report National Electric Power Regulatory Authority (Nepra) has recommended the federal government to remove Chief Executive Officer (CEO) of Islamabad Electric Supply Company (IESCO), Naeem Jan immediately over poor performance. The power regulator took serious notice of the poor performance of the Chief Executive Officer (CEO) of Islamabad Electric Supply Company (IESCO), Naeem Jan.Iesco…
Staff Report Islamabad: During the ongoing recovery campaign against electricity defaulters in all operation circles of Islamabad Electric Supply Company IESCO, Recovery Formations have recovered a total of over Rs 6358.4 million from more than 1.2 million running and dead defaulters. Chief Executive IESCO Muhammad Naeem Jan has issued instructions to all field formations to…
Staff Report A high-level delegation from FLSmidth, a global leader in sustainable technology and solutions for the mining and cement industries, called on Petroleum Minister Ali Pervaiz. The delegation is here in Pakistan to attend the Pakistan Minerals Investment Forum. Minister Ali Pervaiz appreciated FLSmidth’s commitment to sustainable development and emphasized the government’s openness to…
Staff Report In accordance with the national Gas Load Management Plan, the designated hours for natural gas supply in Quetta city during the summer season will be as follows; Gas Availability Timing: From 05:00 am in the morning till 10:00 pm in the night. Gas Suspension / Non-Availability Timing: From 10:00 pm night till 05:00 am in…
Staff Report United States (U.S) companies have expressed keen interest to invest in Pakistan mineral sector. Mr. Eric Meyer, Senior Bureau Official & Acting Assistant Secretary, Bureau of South and Central Asian Affairs, U.S. Department of State has acknowledged the potential of Pakistan’s mineral sector and conveyed the interest of U.S. companies to invest in…
Staff Report Islamabad: The electricity consumers of Karachi are set to enjoy a cut in bills up to Rs6.62 per unit in electricity bills on account of Fuel Charges Adjustment (FCA) for the month of February 2025. The KE consumers have been enjoying a relief in prices of electricity for the last few months due…
Staff Report Islamabad: National Resources Limited (NRL) has discovered significant copper-gold mineralization in Chagai, Balochistan. This was announced by Muhammad Ali Tabba, Chairman National Resources Limited and CEO Lucky Cement Limited while addressing the participants at Pakistan Minerals Investment Forum 2025. NRL, a 100% Pakistani privately owned company and a subsidiary of Fatima Fertilizer, Liberty…
Staff Report Islamabad: Azerbaijan has expressed keen interests in strategic oil pipeline projects along with other several milestones in key sectors of Pakistan’s economy. Azerbaijan has already offered Pakistan to invest $2 billion in Pakistan. In order to materialize this offer, a high-level delegation of Republic of Azerbaijan, led by Mikayil Jabbarov Minister of Economy,…
Staff Report Islamabad: In a significant development, Pakistan and Turkiye have stepped into cooperation in oil and gas exploration. On the sideslines of Pakistan Minerals Investment Forum 2025, Pakistan and Turkiye have signed a joint bidding agreement to jointly participate in offshore bid round of Pakistan. In February 2025, the Government of Pakistan announced an…
Staff Report Islamabad: Saudi Arabia has proposed Pakistan to form joint ventures in mineral sector to extract gold and copper. The Saudi delegation expressed keen interest in Pakistan’s energy and mineral sectors. Discussions also revolved around joint ventures, technology transfer, and capacity-building initiatives to maximize resource extraction and sustainable development. A high-level Saudi delegation, led…