Author: Maheen Ali

Saif Energy Ltd., in collaboration with Oil & Gas Development Company Ltd. (OGDCL) and Mari Petroleum Company Limited (MPCL), has reported the finding of fresh hydrocarbon reserves in the Kohat Block, which is a significant development for Pakistan’s energy sector.The CEO of Saif Energy Ltd., Mr. Jehangir Saifullah Khan, praised the discovery as a huge accomplishment and underlined the need for collaboration between national and private businesses for Pakistan’s development and prosperity.The Togh-2 (Slant) exploration well was first spudded on August 28, 2023, and by November 18, 2023, it had reached its target depth of 2414 meters in the Chichali-l…

A strategic partnership between the Bank of Punjab (BOP) and Karandaaz Pakistan aims to transform Pakistan’s agriculture sector through Karandaaz’s first-ever Digital Financing for Agriculture (DFA) Challenge 2023. The historic Agreement, which was signed on April 1, 2024, marks the start of a trailblazing program designed to improve loans for digital agriculture and promote financial inclusion across the country. Mr. Waqas ul Hassan, CEO of Karandaaz Pakistan, and Mr. Zafar Masud, President & CEO of The Bank of Punjab, signed the agreement at the Marriott Hotel in Islamabad. Along with other senior executives from BOP, Karandaaz, Agri, and the Fintech…

Pakistan commemorates a great accomplishment during the holy month of Ramadan: Hafiz Muhammad Abu Bakar wins the top place in the renowned International Quran recitation competition, which was held in Iraq. This joyous occasion emphasizes Hafiz Muhammad Abu Bakar’s extraordinary talent and devotion to the Holy Quran and demonstrates Pakistan’s commitment to promoting excellence in Quranic recitation.

The highly skilled and elegant horse “AJ Sajwa,” owned by Pakistan, won the silver medal in the very competitive Dubai International Arabian Horse Championship at the Dubai International Convention and Exhibition Center. This gorgeous mare, owned by Muhammad Mujahid, wowed judges and onlookers with her outstanding performance, earning an incredible 92.75 points in the Class 5 category.Amidst a fiercely competitive field of mature mares between seven and nine years old, AJ Sajwa demonstrated unparalleled poise and poise, just narrowly missing first place. AJ Barakah finished second in the tournament with 92.67 points, while Da Little Princess placed third with 92.58…

The Neelum Jhelum Hydroelectric Project started up again earlier this month, and as of yesterday, it has reached its maximum generation capacity of 969 MW. The facility had been temporarily closed so that its tail race tunnel (TRT) could be inspected.On January 10, Neelum Jhelum Hydroelectric Project operations were suspended during low-flow season to allow for the rehabilitation of the tail race tunnel’s inspection. The project resumed generation early this month under the watchful eye of the International Panel of Experts after a satisfactory comprehensive inspection. 90% of the Neelum Jhelum project’s infrastructure is subterranean beneath towering mountains, making it…

A major milestone for the SIFC-established Green Pakistan Livestock Initiative (GPLI) has been reached as Pakistan has received its first consignment of high-breed cattle imported from Brazil under the SIFC.These cattle, which are prized for their outstanding genetic qualities, will be given to nearby farmers to help them satisfy their needs for milk and meat, so boosting Pakistan’s livestock industry.Nine breeds total, including Brazilian and indigenous Pakistani types, are part of the consignment that was shipped from Sialkot to Okara for a two-week quarantine. The Green Pakistan Initiative-founded business FONGROW was instrumental in making this arrangement possible. As Brazilian Ambassador…

After a four-month winter break, the crucial commercial route known as the Khunjerab Pass has reopened. The new trade season has begun with over a dozen trucks carrying commodities from China into Pakistan. The “Iron Brothers” reopened trade on Monday following a four-month halt brought on by the harsh winter conditions at the frontier that links China’s Xinjiang province with Gilgit Baltistan. The CEO of AJ International Cargo and local officials welcomed the trade convoys arriving from Xinjiang during a ceremony held to mark the start of the new trade season. Prominent businesspeople from Gilgit-Baltistan also took part in the…

In just eight years, Pakistani martial arts player Irfan Mehsood broke 100 Guinness World Records, making him the country’s first ever Pakistani. Irfan Mehsood finished the collection of Guinness World Records by breaking Marcello Ferri’s record from Italy. With his fingertips, Marcello, an Italian, had lifted 56 kg, setting a world record. Irfan Mehsood used his fingers to lift 63 kg, setting a global record. In the push-ups category, Irfan holds the most records with 46 at the international level. Additionally, 31 records weighing 100 pounds have been made by Irfan Mehsood, including records weighing 80, 60, and 40 pounds.…

In response to the pervasive issue of plastic pollution, Pakistan declared at a UN environment summit that it intended to create cities along the Indus River with zero plastic waste.The plan was presented to the UN by Pakistan’s ambassador, Munir Akram, who also highlighted the plan’s importance in relation to the larger ‘Living Indus Initiative.’ The goal of this project is to address the pressing environmental issue that urban plastic trash poses.In honor of the International Day of Zero Waste, the announcement was made at the UN headquarters.Key towns along the Indus Basin, such as Karachi, Lahore, Faisalabad, Rawalpindi, Hyderabad,…

Steel prices fall significantly in Pakistan, providing a glimmer of hope for the building industry. Iron ore prices have significantly decreased due to concerns about a global recession; in Pakistan, they have dropped to 22,000 rupees per ton.This fall, along with the fact that steel prices have dropped from Rs 320,000 to less than Rs 200,000, offers the nation a chance to benefit from lower steel imports from China, a significant trading partner.It is anticipated that the decline in steel prices will boost the building industry by providing cost savings and stimulating new projects. Due to the low cost of…