ISLAMABAD: The Pakistani government has announced a two-day public holiday on July 16 and 17 on account of Ashura, the Cabinet Division announced on Monday.
Ashura, the 10th day of the Islamic month of Muharram, is the holiest event in the Shia Muslim calendar and commemorates the 7th century death of Imam Hussain and his companions.
The event sees hundreds of thousands of Shia Muslims take part in religious gatherings and processions in the South Asian country to mourn the passing of Imam Hussain.
“The Prime Minister has been pleased to declare 16th and 17th July, 2024 (Tuesday and Wednesday) as public holidays on the occasion of Ashura (9th and 10th Moharram 1446 AH),” the Cabinet Division said in a notification.
The Muharram processions and gatherings take place amid tight security as militant groups in Pakistan have often targeted them in the past and killed of hundreds of people.
Last week, Pakistan’s interior ministry said it had not made any decision on requests by provinces to suspend Internet service to ensure security in Muharram.
Pakistan’s most populous Punjab province also proposed a ban on all social media platforms for six days due to security concerns regarding thousands of religious processions.
Pakistan announces public holiday on July 16-17 on account of Ashura
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Pakistan announces public holiday on July 16-17 on account of Ashura
- Ashura, 10th day of Islamic month of Muharram, is the holiest event in the Shia Muslim calendar
- It commemorates the 7th century death of Imam Hussain and his companions in Battle of Karbala
Pakistan’s power generation dropped 15% MoM during February— report
- Pakistan’s power generation cost declined by 13% year-on-year and 30% month-on-month during February 2025, says report
- Financial analysts attribute power generation decline to a lack of industrial activity, increasing shift toward solar energy
KARACHI: Pakistan’s power generation dropped by 15% month-on-month (MoM) in February 2025, a report by a top brokerage firm said on Monday, which analysts attributed to reduced demand due to slow industrial activity and an increasing shift of customers toward solar energy.
According to a report by brokerage firm Topline Securities, total electricity generation dropped by 3% year-on-year to 81,738 GWh over the first eight months of the fiscal year 2024-25 (from July-February). This was down from 84,317 GWh in the corresponding period last year, it said.
“Pakistan’s power generation decreased by 2% YoY and 15% MoM to 6,945 GWh in Feb 2025,” Topline Securities said.
The report cited a decline of 13% in power generation cost YoY and 30% MoM in February 2025, adding that in the first eight months of the current fiscal year, power generation cost declined by 3% to Rs8.8 per unit.
Financial analysts attributed the decline in power generation due to reduced demand as a result of lack of industrial activity and an increasing number of people shifting toward solar energy.
“There is reduced demand due to industrial activity which you can also see in the large scale manufacturing (LSM) numbers,” Muhammad Waqas Ghani, head of research at JS Global Capital Ltd., told Arab News.
He said another reason for the decline in power generation was the increasing shift of residential consumers toward solar energy. He said commercial consumers had also installed their own captive plants that run on gas and coal.
“This also shows a shift toward alternative [sources of energy] which decreases the grid’s usage,” he added.
Samiullah Tariq, the head of research at Pakistan Kuwait Investment Company Ltd., agreed.
“Reasons include reduced industrial activity, people leaving the [national] grid due to higher [energy] prices and solar adoption,” Tariq said.
Pakistan has sought to ease fiscal pressure in recent months by undertaking energy reforms that reduce tariffs and slash capacity payments to independent power producers (IPPs). The federal cabinet approved a plan in January to renegotiate agreements with 14 IPPs in its bid to lower electricity costs and addressing the mounting circular debt.
Amid militancy surge, sale of toy guns, firecrackers banned in Peshawar ahead of Eid
- Peshawar district administration imposes ban for 30 days, warns violators will face legal action
- Peshawar district administration imposes ban for 30 days, warns violators will face legal action
ISLAMABAD: The administration in Pakistan’s northwestern Peshawar district recently banned the sale of toy guns and firecrackers for a period of 30 days to discourage “militant tendency” among children and foster a peaceful atmosphere ahead of Eid-Al-Fitr 2025, an official notification said.
Children playing with toy guns and firecrackers on public holidays such as Eid is a common sight in Pakistan. The district administration in Peshawar bans traders from selling toy guns every year before Eid holidays to discourage gun culture in the country.
In a notification dated Mar. 15, Peshawar’s Deputy Commissioner Sarmad Saleem Akram announced he was imposing a ban on the sale of toy guns and firecrackers effectively immediately for 30 days under section 144 of the Code of Criminal Procedure.
“I, deputy commissioner Peshawar, in exercise of powers conferred on me u/s 144 Cr.PC, do hereby order and impose ban on sale of toy guns and fire crackers etc within the limits of district Peshawar,” the notification said.
“And whereas, to discourage nurturing of militant tendency and to maintain peaceful atmosphere of the district during Eid-Al-Fitr 2025, it is imperative to curb the menace.”
The notification said authorities would take action against anyone violating the ban, including shopkeepers and customers.
The development takes place as Pakistan witnesses a surge in militant attacks in its western provinces bordering Afghanistan, especially the northwestern Khyber Pakhtunkhwa (KP) province. Islamabad accuses the government in Kabul of sheltering militants and facilitating cross-border attacks, a claim Afghanistan strongly denies.
Pakistan revives Rajian-11 heavy oil well with advanced artificial lift technology
- Rajian-11 was suspended since 2020 due to formation challenges, expected to produce 1,000 barrels of oil a day
- ESP systems are common and efficient way to lift oil and gas from wells that are too deep, have low pressure for natural flow
ISLAMABAD: Pakistan’s Oil & Gas Development Company Limited (OGDCL) has revived production at heavy oil well Rajian-11 by installing an advanced air lift system, state broadcaster Radio Pakistan said on Monday.
Extending to 3,774 meters, work at Rajian-11 had been suspended since 2020 due to formation challenges, the company’s filing on PSX said last week.
The oil field is located in District Chakwal and fully owned and operated by OGDCL under Gujar Khan E.L. It was discovered in August 1994 and has remained a key asset in the company’s portfolio.
Crude oil production in Pakistan increased to 64 BBL/D/1K (barrels of crude oil per day per 1,000) in November 2024 from 62 BBL/D/1K in October of 2024. Crude oil production in Pakistan averaged 68.67 BBL/D/1K from 1993 until 2024, reaching an all time high of 97.00 BBL/D/1K in December of 2016 and a record low of 50.00 BBL/D/1K in April of 1999, according to the US Energy Information Administration.
“OGDCL has started oil production from the Rajian-11 heavy oil well located in Chakwal district,” Radio Pakistan reported.
“Rajian-11 heavy oil well had been inactive since 2020 but it has been reactivated with the help of an advanced artificial lift system,” the broadcaster added, referring to the installation of an Electrical Submersible Pump (ESP).
The well is expected to produce one thousand barrels of oil per day.
ESP systems are a common and efficient way to lift oil and gas from wells that are too deep or have low pressure for natural flow. A submersible electric motor is placed at the bottom of the well, and it drives a multistage centrifugal pump that lifts the fluids. ESPs are suitable for wells with low bottomhole pressure, low gas/oil ratio, high water cut, and low API gravity fluids.
“This achievement underscores OGDCL’s commitment to maximizing hydrocarbon recovery and operational efficiency, reinforcing its position as a leader in Pakistan’s energy sector,” OGDCL’s PSX filing said.
“The Company successfully completed the well with an ESP in Tobra, Jutana, and Sakesar formations, restoring production to 1,000 barrels per day (BPD) of oil.”
Every attempt for peace with Pakistan met with ‘hostility, betrayal,’ says Modi
- In podcast with American computer scientist Lex Fridman, Modi hopes Pakistan chooses “path of peace“
- Indian premier praises US President Trump, says he seems “far more prepared than before” in second term
NEW DELHI: Indian Prime Minister Narendra Modi said US President Donald Trump was ‘far more prepared’ for his second term, furnished with a clear roadmap, speaking in a podcast interview weeks ahead of reciprocal tariffs planned by Washington.
India is among the trading partners set to face the tariffs from April, which threaten to cause distress to its exporters in industries from automobiles to agriculture.
After Modi and Trump met last month, the two nations agreed to resolve tariff rows and work on the first segment of a deal by the fall of 2025, aiming to reach two-way trade of $500 billion by 2030.
“This time, he seems far more prepared than before,” Modi said in a podcast with American computer scientist and podcaster Lex Fridman released on Sunday, referring to Trump’s second term, which began in January.
“He has a clear roadmap in his mind with well-defined steps, each one designed to lead him toward his goals,” he added.
During the discussion, which ran more than three hours, Modi spoke on issues from diplomacy and artificial intelligence to his early life, in a conversation Fridman called one of the most “powerful” of his life.
Modi praised Trump for his graciousness and humility, underscoring a strong bond between the leaders.
“His (Trump’s) reflection showed his ‘America First’ spirit, just as I believe in nation first. I stand for India first, and that’s why we connect so well,” Modi said.
INDIA’S NEIGHBOURS
India’s relations with neighbor China improved last year after striking a milestone pact to lower military tension on their Himalayan border following talks between Modi and Chinese President Xi Jinping in Russia.
“Slowly but surely, trust, enthusiasm, and energy will return,” Modi said during the podcast, as the two countries work to restore relations to their state before a military border skirmish in 2020.
“But of course, it will take some time, since there’s been a five-year gap,” he said, adding that the focus of the two nations was to ensure their differences “do not turn into disputes.”
On ties with archfoe Pakistan, Modi expressed hope for peaceful relations.
“Every noble attempt at fostering peace was met with hostility and betrayal,” he said, adding, “we sincerely hope that wisdom prevails upon them and they choose the path of peace.”
The foreign ministries of China and Pakistan did not respond to Reuters requests for comment.
Pakistan approves joint venture between state logistics corporation, UAE ports giant DP World
- State-owned NLC to hold 60% equity stake in venture with DP World holding remaining 40%, says state media
- Venture aims to enhance Pakistan’s road freight logistics sector by leveraging NLC’s expertise, DP World’s supply chain solutions
ISLAMABAD: The Competition Commission of Pakistan (CCP) recently approved a pre-merger application to establish a joint venture between the state-owned National Logistics Corporation (NLC) and the United Arab Emirates’ DP World to enhance and modernize the South Asian country’s logistics sector, state-run media reported.
DP World, which operates in over 75 countries and specializes in port operations, terminal management and logistics services, is involved heavily in improving Pakistan’s logistics sector. As per an agreement signed in January 2024, DP World will carry out infrastructure improvement at Qasim International Container Terminal, Pakistan’s leading trade gateway.
It is also involved in the Karachi Freight Corridor, an infrastructure project in Pakistan aimed at improving the movement of freight from the port city to various parts of the country.
“The Competition Commission of Pakistan (CCP) has approved the pre-merger application for the establishment of a joint venture between National Logistics Corporation (NLC) and DP World Logistics FZE (DWLF),” state-run Associated Press of Pakistan (APP) reported on Sunday.
It said that the investment, facilitated by Pakistan’s top investment body Special Investment Facilitation Council (SIFC), aims to enhance the country’s logistics and freight industry while ensuring fair competition in the market.
The state-run media said the transaction involves NLC acquiring a 60 percent equity stake in the joint venture and DWLF holding the remaining 40 percent.
“The venture aims to enhance Pakistan’s road freight logistics sector by leveraging NLC’s domestic expertise and DP World’s global supply chain solutions,” APP said.
The CCP determined that the transaction does not result in a “substantial lessening of competition” or the creation of a dominant market position, adding that its analysis concluded that the market remains competitive with multiple players ensuring continued competition despite the merger.
“The joint venture highlights Pakistan’s growing appeal for foreign investment in logistics,” APP said. “It is expected to improve infrastructure, lower transport costs, and boost Pakistan’s trade competitiveness in the region.”
The UAE is Pakistan’s third-largest trading partner after China and the United States, and a major source of foreign investment, valued at over $10 billion in the last 20 years, according to the UAE foreign ministry. It is also home to more than a million Pakistani expatriates.
In January last year, Pakistan and the UAE signed multiple agreements worth more than $3 billion for cooperation in railways, economic zones and infrastructure.
