ISLAMABAD: Central leader of All Pakistan Compressed Natural Gas Association (APCNGA) Ghiyas Abdullah Paracha said the government had laid the foundation of the CNG industry’s complete revival by allowing private sector players to participate in the Liquefied Natural Gas (LNG) business. “The present government has taken a key step towards revival of the CNG industry that was once considered the…
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The Oil and Gas Regulatory Authority (OGRA) announced its decision to raise the average price of gas by as much as Rs13.42, to the horror of industries across the country. Given that billions have been spent in recovering losses as well as in improving supply and distribution systems, there should be no reason for such a dramatic hike. If we…
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ISLAMABAD: The National Transmission and Dispatch Company (NTDC), a subsidiary of the Ministry of Energy, has shortlisted a panel of four senior officers, including a candidate demanding extraordinary salary, for appointment as the company’s managing director. Among the four nominations, Aizaz Ahmed, a candidate working abroad, has demanded $15,000 (approximately Rs2.4 million) salary plus MP1 scale benefits. According to sources…
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QUETTA: The Taraqee Foundation, an NGO, in collaboration with United Nations Development Programme, Pakistan, Pakistan Poverty Alleviation Fund (PPAF) and Forest and Wildlife Department of Balochistan, has launched a mass trees plantation campaign titled “Chand Meri Zameen, Phool Mera Watan”. The NGO plans to plant 15,000 saplings in Quetta city, 35,000 in Maseelah, 25,000 in Band Khushdil Khan and 10,000…
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The two-year-long controversy over unaffordable and expensive electricity generation contracts has almost come to an end with the signing of revised agreements with 46 private investors and dozens of public-sector entities. The government says it has been able to achieve savings of about Rs770 billion over the average remaining 20-year contractual life of about 8,000 megawatts of independent power producers…
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ISLAMABAD: The government is likely to sublet unutilised and surplus capacity at existing Liquefied Natural Gas terminals to cut LNG tariff and restrict their further expansion to give a clear signal to private parties for investments in commercial terminals. An inter-ministerial committee, led by Planning Commission’s deputy chairman Dr Jahanzeb Khan and also comprising secretaries of finance, petroleum and maritime…
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ISLAMABAD: The circular debt is set to alarmingly increase up to Rs4,936 billion by financial year 2025 with an increase of 2.04 times from the current level of Rs2,400 billion, highlights the report on Pakistan’s Power Sector Circular Debt Causes, Consequences, and Remedies prepared by Pakistan’s leading economist Sakib Sherani of Macro Economic Insights (MEI). Sherani served as Member, Prime…
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KARACHI: Karachi’s Red Line BRT project will be using bio-methane made from cow dung to fuel more than 200 buses. The biomass fuel project is supported by the Asian Development Bank (ADB) and can be harnessed to power vehicles on the roads of Pakistan’s biggest city. The Express Tribune’s Fatima Sheikh sits down with Masood Alam Farooqui, an expert on…
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THE “landscape” of the South Caucasus has now been drastically changed with the “miraculous” victory of Azerbaijan over Armenia. The “largest” economy of the South Caucasus in terms of GDP has been further advanced in terms of “diversification” of energy resources (production, supply, route) and socio-economic development. It has successfully changed the “energy map:” of Eurasia. The Republic of Azerbaijan…
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The federal government drops electricity bombshell on the people as the power tariff goes up by Rs1.95 per unit in a bid to implement uniform tariff across the country. The announcement comes as the National Electric Power Regulatory Authority (Nepra) allowed Rs1.95 per unit increase electricity rates on Friday. In line with the uniform tariff policy, the federal government also…
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