Pakistan Oilfields Limited (POL) has announced a significant breakthrough with the discovery of substantial oil and gas reserves at the Razgir-1 exploratory well located in Kohat, Khyber Pakhtunkhwa. Drilled to a depth of 3,950 meters, the well has yielded promising results, testing at 20 million standard cubic feet per day (MMscfd) of gas and 250…
The federal government is facing significant pressure from both the public and political entities to eliminate free electricity for its officials and agencies. In response, the Ministry of Energy is contemplating an emergency measure to discontinue complimentary electricity for all government and semi-government institutions, including bureaucrats, judges, and parliamentarians. Phase two of this plan involves…
The National Disaster Management Authority (NDMA) has issued a warning for heavy rainfall expected across Pakistan from July 28 to 31. Monsoon currents originating from the Arabian Sea are set to bring substantial rain to upper Khyber Pakhtunkhwa, Galliyat, Murree, Gilgit-Baltistan, and Kashmir, which may result in flash floods and landslides in these regions. In…
Forbes Advisor has ranked Karachi, Pakistan, as the second riskiest city globally, based on an extensive evaluation of 60 cities across seven risk categories: crime, personal safety, health, infrastructure, natural disasters, and digital security. The report reveals that Karachi particularly struggles with high levels of personal security risks. This means residents and visitors are exposed…
In the fiscal year 2023-24, Pakistan’s salaried workforce faced an unprecedented tax load, contributing a record Rs368 billion in income tax. This figure represents a remarkable 232% increase compared to the total tax contributions from exporters and retailers combined. Despite this hefty contribution from salaried employees, the government, in alignment with the IMF, has decided…
In Multan, a visionary innovator is making waves by transforming plastic waste into bricks, tackling Pakistan’s significant plastic pollution challenge. Each year, Pakistan generates approximately 3.3 million tonnes of plastic waste, much of which either ends up in landfills or contaminates water bodies. This groundbreaking project aims to convert this waste into eco-friendly, cost-effective, and…
Zulfiqar Ahmed, a prominent businessman with successful interests in Paracha Textiles, Meezan Oil, and Cola Next, has been reported missing in Karachi. It is known that his business partner, Qaiser, was briefly kidnapped alongside him but was released shortly after. Ahmed’s family is encountering difficulties in filing a First Information Report (FIR) with the local…
In the dynamic landscape of global business, Ghaz’s book, Bytes Beyond Borders: The Odyssey of a Pakistani Expatpreneur, stands out as a compelling blend of personal memoir and practical business insights. This book offers a unique perspective on the life of an entrepreneur navigating multiple cultures and countries. The Essence of the Book Ghaz’s narrative…
Mari Petroleum Company has successfully integrated new gas reserves from five wells in Sindh into Pakistan’s national gas network. This development has introduced an additional 3 million metric standard cubic feet per day (MMSCFD) of gas, sourced from the Ghazij Gas Field, now being supplied to Sui Northern Gas Pipelines Limited (SNGPL). The company has…
The Pakistan Army recently demonstrated remarkable efficiency and skill with a successful helicopter rescue operation for climbers from the Netherlands, Singapore, and Ecuador who were facing severe health issues while scaling K2. Amidst harsh weather conditions, the mountaineers were deeply relieved and thankful for the army’s swift and life-saving intervention. The timely medical support they…