Abdul Razak Dawood, Advisor to Prime Minister on Commerce and Investment, on Wednesday said that a strong economy will enhance country’s power and hence will strengthen national security. He was addressing the Second Session of the Islamabad Security Dialogue. He said that history has shown that economic backwardness leads to social conflicts and political turmoil and thus weakens national security. …
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KARACHI: The nation’s most progressive energy company, the Pakistan State Oil (PSO), has once again taken the lead by launching e-procurement through SAP Ariba. The new e-procurement solution will significantly enhance the company’s strategic and operational capabilities and provide a level playing field to a large pool of suppliers while also increasing efficiency and reducing turnaround time. This key milestone…
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Supplies of power plant fuel have tightened in Japan due to reports of a possible delay in restarting a nuclear generation facility. That, in turn, has created higher demand for LNG cargoes to be delivered next month. US export facilities have recently been operating at near capacity since rebounding from a drop in utilization during the Texas freeze in February,…
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The 8,500 cubic metre capacity ship is the first new building LNG bunkering vessel built for Chinese natural gas distributor ENN, one of the largest users of LNG in China. ENN aims to play an active role in the international marine LNG fuel supplier market. With the bunker vessel, named XIN AO PU TUO HAO, ENN will be able to…
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The Shahid Afridi Foundation (SAF) and Sarwar Foundation (SF) signed a Memorandum of Understanding (MoU) for collaboration in health, education, provision of clean drinking water & Hepatitis Free Punjab campaign. Governor Punjab Chaudhry Mohammad Sarwar was also present on the occasion. According to details, an MoU signing ceremony was held on Wednesday at the Central Secretariat of Sarwar Foundation at…
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The federal government has rejected a panel recommended by Sindh for appointing member finance of the National Electric Power Regulatory Authority (Nepra) tribunal on the grounds the candidates did not meet the eligibility criteria. Sources told The Express Tribune that the Sindh Energy Department had sent a two-member panel for selection of one of them for the post of Nepra…
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ISLAMABAD: Saudi Arabia’s Al-Jomaiah Group on Wednesday sought early resolution of payables and receivables of K-Electric (KE) and urged the government and public sector entities to facilitate the power utility’s takeover by China’s Shanghai Electric Ltd. A press statement issued by KE said that Aljomaih Holdings’ Managing Director Investments Abdulaziz Hamad Aljomaih hoped that the government of Pakistan would expedite…
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KARACHI: Central Power Purchasing Agency (CPPA) has approached the National Electric Power Regulatory Authority (NEPRA) seeking 54.8 percent increase in market operator fee to Rs3.002kwh/month for the fiscal year 2020-21. CPPA in its petition noted the agency’s revenue requirements for FY2020-21 were estimated at Rs853.61 million compared with Rs601.81 in the last fiscal year. In order to meet with the…
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The Sindh government has decided to provide free-of-charge land to the firms that will install plants to use the municipal waste of Karachi to generate clean electricity. This decision was taken on Wednesday during a meeting that was held to finalise the policy to install waste-to-energy plants in the city. It was jointly chaired by Energy Minister Imtiaz Ahmed Shaikh…
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A team of researchers at the University of Oslo has found evidence that shows Earth’s heat loss is more pronounced on one side of the planet than the other. In their paper published in the journal Geophysical Research Letters, the group describes creating models that represent Earth’s heat loss over the past 400 million years and what they showed. Prior research…
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