The Oil and Gas Regulatory Authority (Ogra) has proposed an upward revision of Rs 4.20 in petrol price for the next 15 days from June 16 (Wednesday). According to details, the Ogra has moved a summary to the Petroleum Division for approval, seeking an increase in petrol prices by Rs 4.20 per litre and Rs3.50 per litre hike in diesel…
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hanghai Electric, at the helm of a mega project of the China Pakistan Economic Corridor, has started a massive drive to vaccinate thousands of its Pakistani employees in Thar Block-1. According to a top official of Shanghai Electric, which is currently developing coal mines and a major power plant in Thar Block-1, more than 5000 employees who are associated with…
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Like other socio-economic sectors, the merged areas, energy, agriculture and communication sectors of Khyber Pakhtunkhwa have given major share from Public Sector Development Program (PSDP 2021-22) with huge allocation for under construction Mohmand, Kurram Tangi dams, Indus Highway and development of infrastructure in erstwhile Fata. According to the Federal Budget 2021-22 document, Rs 5,507 million have been allocated for construction…
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The National Accounts Committee (NAC) came up with a GDP growth figure of 3.94% for FY21, which is based on provisional figures for the first nine months of the fiscal year. This news sparked debate between the government and opposition parties. The government is claiming that this achievement is the result of timely fiscal and monetary accommodation with the Covid-19…
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Punjab on Monday moved to check vehicular pollution, withdrawing proposed tax relief on old vehicles (major polluters) and slashing 75pc tax on electric vehicles to promote cleaner environment. However, it brought tractors’ trade under the tax net by replacing the word ‘motor car’ with ‘motor vehicle’ in its finance bill and triggered fears that this essential machine for agriculture will…
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The country’s all the five oil refineries have protested over imposition of duties and taxes on crude oil and violation of commitments by the government for incentives for upgrade and modernisation. They have asked the government to honour commitments it had made with the refining sector as part of the new policy for petroleum refining finalised recently and awaiting formal…
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WE have surplus generation capacity and we have frequent electricity shortages — particularly when the demand peaks in summers. Sounds like a paradox? Indeed, it does. The recent forced power cuts experienced by hapless consumers across the country were no surprise. People have suffered sudden blackouts of long duration before, and there is no guarantee these will not be repeated…
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The prices of all petroleum products are set to significantly go up on Tuesday owing to higher international prices and some adjustments in tax rates. Three different options are under consideration of the government. Based precisely on existing tax rates and oil import price, the ex-depot price of high-speed diesel (HSD) is estimated to go up by Rs5.58 per litre…
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The special report — carried out in collaboration with the World Bank and the World Economic Forum — sets out a series of actions to enable these countries to overcome the major hurdles they face in attracting the financing to build clean, modern and resilient energy systems that can power their growing economies for decades to come. Annual clean energy…
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Unilever Pakistan and Green Earth Recycling Pakistan have joined hands to announce an initiative through which they will collect and repurpose plastic waste into sustainable furniture. The company has joined hands with Green Earth Recycling’s as its business model is based on converting plastic waste into useful ‘recycled plastic furniture’, giving the plastic a second life by processing a combination…
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