The Pakistan Engineers Energy Forum (PEEF) has revealed that at least 50 per cent load shedding can be eliminated through short-term measures while no electricity outages will remain after 12 months if the plan is implemented. PEEF Chairman Mohsin Syed in a statement on Thursday said that the country is short of 10,000 mega watts (MWs) because of distribution losses at 30 per cent (4,000MWs), expensive oil-based power being produced at Rs 30 per unit and selling at Rs 15 per unit (causing circular debt of Rs 850 billion and non-investment in dams).

11th International Exhibition for the Energy Industry-POGEE 2013 is scheduled from May 30 to June 01, 2013, at Expo Centre, Lahore. The exhibition is geared up for an extensive display of technological advancement and innovative services and is attracting a good number of visitors from cities like Faisalabad, Sialkot, Gujranwala, Rawalpindi, Muzzafargarh, Shaikhupura, Multan, Lahore and Karachi.

Masood Siddiqui on Thursday assumed the charge of MD/CEO of OGDCL. The decision of his removal has been reversed in light of the Supreme Court of Pakistan''s orders to suspend all the appointments and transfers made by the caretaker government. OGDCL''s performance remained excellent during the tenure of Siddiqui as the company witnessed 19 percent growth in nine months as per results of 3rd quarter announced by the company after 31st March, 2013.