OMCs warn fuel supply at risk over unresolved policy

[ LAHORE: Oil Marketing Companies (OMCs) have once again raised concerns over challenges being faced by the petroleum sector, urging the government to resolve long-standing issues that directly impact supply chain sustainability and the financial health of the industry. In a letter addressed to the government and the Oil and Gas Regulatory Authority (OGRA), Oil … Read more

Green initiatives set to draw investment

[ ISLAMABAD: Pakistan is poised to become a key destination for investment in green initiatives as the government has decided to launch the Pakistan Green Taxonomy backed by the World Bank to attract capital inflows into climate resilience and sustainable growth. At present, the country is facing heavy downpours and the worst floods in different … Read more

East meets West on Gamescom

visitors are seen at the gamescom video games trade fair in cologne western germany photo afp

COLOGNE/BEIJING: A twisted futuristic “Call of Duty,” Batman in Lego form, and the return of “Resident Evil’s” ghoulish monsters had gamers salivating as the vast Gamescom trade show opens in Cologne, a spectacle shadowed by an industry still recovering from heavy job cuts and studio closures. More than 5,300 fans packed one of the giant … Read more

US ramps up attack on ICC over Israel

WASHINGTON: The United States on Wednesday defiantly expanded efforts to hobble the International Criminal Court over its prosecution of Israeli Prime Minister Benjamin Netanyahu, sanctioning a judge from ally France. Secretary of State Marco Rubio also targeted a Canadian judge in a separate case in his latest volley of sanctions against the tribunal in The … Read more

Jhal Magsi gas field to cut LNG import costs

[ ISLAMABAD: The recently revived Jhal Magsi gas field, operated by Oil and Gas Development Company Limited (OGDCL), is likely to save Pakistan about $298 million annually through the substitution of imported regasified liquefied natural gas (RLNG). The savings have been estimated based on the prevailing LNG import price of $12.72 per million British thermal … Read more

India test-fires Agni-5 missile

NEW DELHI: India said on Wednesday it had successfully test-fired an intermediate-range ballistic missile which, when operational, should be capable of carrying a nuclear warhead to any part of China. The Agni-5 missile was successfully launched in India’s eastern Odisha state, with authorities saying it “validated all operational and technical parameters.” India and China, the … Read more