Islamabad: Byco Petroleum Pakistan Limited is set to buy Puma Energy, an oil marketing company, to expand its retail outlets’ operations. It has also made a turnaround and has ambitious plans to set up upgradation plants, but it also focuses on enhancing its retail outlet to capture market share. Byco Petroleum has also turned into an impressive Net Profit of Rs. 2.17 Billion during…
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Whatever the real reasons for the nationwide power distribution/generation bottlenecks and however much the shortfall, it is the duty of the government of the day to answer for them as well as to address them. Yet the way in which Minister for Energy Hammad Azhar deflected criticism in the House, even from Pakistan Tehreek-e-Insaf’s (PTI’s) own MNAs, inspired little confidence…
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National Transmission and Despatch Company (NTDC) said on Tuesday that the country will continue to face power load-shedding in the coming years due to system constraints and other factors. This presumption was shared during a public hearing on Indicative Generation Capacity Expansion Plan (IGCEP), 2021-30, held in Nepra and attended by over a dozen energy sector experts, representatives of Planning…
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Residents of Karachi are suffering due to the fight between Sui Southern Gas Company (SSGC) and K-Electric, said National Electric Power Regulatory Authority (Nepra) chairman in remarks over delay in signing of a gas supply agreement between the two companies. Nepra Chairman Tauseef H Farooqi, while presiding over a hearing on the quarterly tariff adjustment for K-Electric, expressed displeasure over…
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While reserving its judgement on tariff increase, the National Electric Power Regulatory Authority (Nepra) on Tuesday expressed displeasure over night time power cuts in Karachi owing to administrative and financial disputes of K-Electric and Sui Southern Gas Company Ltd (SSGCL). Presiding over the a public hearing on quarterly adjustment of KE’s petition for 37 paisa per unit increase in tariff,…
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ISLAMABAD: The government on Tuesday increased the prices of all petroleum products by up to four per cent for next 15 days to pass on partial impact of increase in international prices. According to a notification issued by ministry of finance, the ex-depot price of petrol has been increased by Rs2.13 per litre and that of high speed diesel (HSD)…
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Beating other regional players like Bangladesh and India, Pakistan emerged as the ‘Manpower Export Leader’ in the region as around 224,705 workers proceeded to various countries for various job assignments in 2020, despite the coronavirus pandemic. Bangladesh sent 217,699 workers and India 94,145 for employment purpose during the same period, said the Ministry of Overseas Pakistanis and HR Development while…
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Pakistan reported 1,019 new coronavirus cases and 34 deaths during the last 24 hours, which is the lowest number recorded since the country was hit by the third Covid-19 wave this year. The country’s positivity ratio stands at 2.59%, while there are 41,726 active and 2,676 critical cases. During the last 24 hours, 39,214 people were tested for the novel…
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Minister for Energy Hammad Azhar has disclosed that the National Transmission and Despatch Company (NTDC) recently severed additional supply of electricity to Karachi Electric (KE) due to non-payment. He shared this information at a recent meeting presided over by Prime Minister Imran Khan when issues related to KE came under discussion. Well-informed sources told Business Recorder that supply to KE…
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Sindh Energy Minister Imtiaz Ahmed Shaikh will inaugurate on June 23, 2021 the day-long International Conference on Solar Power as being the clean and abundantly available energy resource in the country.The international conference, being organised by the Energy Update, will also showcase the latest technology available in Pakistan and the rest of the world to ensure maximum utilization of solar…
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