The Accountability Court has honourably exonerated and acquitted our Chairman Mr. Hussain Dawood, Director Mr. Abdul Samad Dawood, and former CEO Mr. Sheikh Imran ul Haq, in the award of the LNG contract to Engro Elengy Terminal Limited, as no evidence was found to prove any illegality, irregularity, or...
The government's haste to authorize pump owners to determine petrol prices independently has sparked concerns within various sectors. This decision, made in a hurry, raises questions about its potential impact on consumers and the broader economy. The move to allow pump owners to set their own petrol prices comes at...
Engro Energy Limited, a wholly owned subsidiary of Engro Corporation Limited, has entered into a Share Purchase Agreement with Liberty Power Holding (Pvt.) Limited and consortium for the sale of its thermal energy assets portfolio. The consortium is made up of Liberty Mills Limited, Soorty Enterprises, and Procon Engineering through...
As part of AKDN’s commitment to net zero by 2030, the Aga Khan University (AKU) is installing the largest solar photovoltaic (PV) project. To commence the project, a signing ceremony was held with Exide Pakistan Limited, who will be executing the project at AKU’s Stadium Road Campus in Karachi,...
By removing discriminatory gas pricing among fertilizer manufacturers, the Government can facilitate new investments and promote efficiency to ensure sufficient urea availability for the farmers. In a media workshop, Ali Rathore – Chief Financial Officer, of Engro Fertilizers, briefed the participants about the importance of a robust indigenous fertilizer industry,...
Experts highlighted the critical importance of insurance for the sustainable development of multiple energy resources, including power, oil, and gas, aimed at promoting investment opportunities, innovations, and efficiencies within the sector in Pakistan. Speaking at the Energy Summit here in Karachi, Chairman Lockton MENA Ata Khatib said the energy sector...
Following the increase by FFBL of PKR 1350/bag, Engro Fertilizers has also adjusted urea rates by PKR 785 per bag including FED. Compared to a 175% increase in gas prices for the fertilizer sector on SNGP and SSGC networks, Engro has only increased 23% the price of its urea...
Pakistan Sustainability Week (PSW) alongside Solar Pakistan – 14th International Renewable Energy Exhibition and Electricity Pakistan – 7th International Exhibition for Energy, Storage and Power Industry organized by Fakt Exhibitions (Pvt.) Ltd. opened its doors on 27th February 2024 at Expo Centre Lahore. The exhibition was inaugurated by Chief Guest...
Leading international and local experts in the energy, power, infrastructure, risk management, and insurance sectors are set to gather for the groundbreaking Energy Summit 2024, hosted by Fidelity Insurance Brokers/Lockton in Karachi on March 5. The summit aims to promote dialogue, knowledge sharing, and networking, addressing key challenges and...
The Caretaker Cabinet has approved a significant gas pipeline project with Iran, signaling a pivotal development in bilateral cooperation. This decision, greenlit by the interim government, underscores the strategic importance of fostering energy ties between Pakistan and Iran. Key Aspects of the Gas Pipeline Project Approval: Bilateral Collaboration: The approval reflects...