Chairman of All Pakistan CNG Association (APCNGA) Ghiyas Paracha while expressing serious concerns over the closure of CNG stations across the country has urged the government to resolve the crisis on immediate basis otherwise the association along with transporters will take to the roads and streets. He said that following the closure of CNG stations in Punjab, Sindh, Islamabad now…
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Amid reports of furnace oil crisis, local Pakistani refineries including National Refinery Limited and Attock Refinery Limited have decided to take up the matter to the Ministry of Energy. “Reference to several articles published in several newspapers on the issue of Furnace Fuel Oil (FFO) crisis being faced by local refineries, the company’s management along with other local refineries has…
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The National Electric Power Regulatory Authority (NEPRA) has dropped another inflation bomb on electricity users, as it increased on Wednesday power tariff once again. The electric power regulator NEPRA has approved a hike Rs1.56 per unit increase in electricity prices, which would add a burden of Rs14.50 billion on the pockets of consumers. As per details, NEPRA Chairman Tausif H…
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RIYADH: Saudi Arabia and Kuwait have ended a nearly five-year-long dispute over shared oil fields and have agreed to resume oil production from the divided Neutral Zone, but stressed this would not change their OPEC commitments to crude oil production cuts. The allied Gulf Arab nations signed the agreement in Kuwait City on Tuesday. Local media reported that about 300,000…
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ISLAMABAD: Provinces have turned down a proposal floated by the federal government that asks provinces to withdraw their first right of use over natural gas and give top priority to domestic consumers across the country. The proposal, taken up by the Council of Common Interests (CCI) in its recent meeting, was aimed at overcoming the emerging gas crisis in winter. Under…
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ISLAMABAD: Pakistan’s plan to raise around $1.5 billion from the privatisation of two power plants is facing delay as only one foreign investor has submitted documents amid uncertainty caused by Prime Minister Imran Khan’s decision to skip the Kuala Lumpur Summit 2019.Foreign investors of Malaysia, China, Qatar, the United Arab Emirates and Saudi Arabia had initially shown interest in taking…
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ISLAMABAD: The Centre on Monday decided to take the provinces on board on issues of royalty on gas, distribution of water and appointment of chairman and members of the Water and Power Development Authority (Wapda). The decisions were taken at a meeting of the Council of Common Interests (CCI) presided over by Prime Minister Imran Khan. It was attended by…
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LAHORE: As hydel power generation considerably squeezed to just 1,700MW on average in the last 24 hours, the gas shortfall in Punjab and Khyber Pakhtunkhwa jumped to 400MMCFD on Monday, forcing the authorities to curtail supplies to power sector. “Though the gas supply to the CNG sector and industry has already been suspended for an indefinite period to ensure provision…
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KARACHI: Pakistan Petroleum Ltd (PPL) announced two discoveries on Monday. A notice to the PSX informed of hydrocarbon discovery in exploratory well, Bitro-I, in Latif Block located in Khairpur District, Sindh, by the Joint Venture Partners of the Latif Exploration Licence. The company holds 33.30pc working interest in the block. The second notice to the exchange related to hydrocarbon discovery…
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ISLAMABAD: Energy prices are rising consistently, so is the cost of doing business, which ultimately dents competitiveness of Pakistan. At the same time, the high prices are not enough to slash the growing circular debt in the energy chain. Though the government has taken measures to tackle the circular debt by curtailing losses of energy companies and checking power theft along…
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