ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday called for reducing the expenditures for the security of oil and gas fields and expeditious clearance of a law to create a separate regulator for the petroleum upstream sector to encourage investments in the oil and gas exploration. The ECC meeting presided over by Finance Minister Shaukat Tarin also…
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The National Electric Power Regulatory Authority (NEPRA) has lowered electricity prices for the month of April 2021 by Rs0.44 per unit under fuel price adjustment. NEPRA Chairman Tauseef H Farooqi announced this on Wednesday, saying: “A decline of Rs0.87 per unit was recommended for the month of April 2021, however, after deduction of dues amounting to Rs0.43 per unit, the…
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Special Assistant to the Prime Minister (SAPM) on Climate Change Malik Amin Aslam on Wednesday announced that Prime Minister Imran Khan would announce four key “Ecosystem Restoration Initiatives” (ERI) on World Environment Day. The Prime Minister’s aide made the proclamation during a joint media interaction flanked by Special Representative of the Prime Minister on Religious Harmony Maulana Tahir Mehmood Ashrafi…
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The United States recently seized a ship and then sold off the Iranian oil it was carrying, according to reports over the weekend. Source: msn.comU.S. authorities in February seized the Liberian-flagged tanker Achilleas off the coast of the United Arab Emirates as it was transporting Iranian oil, the Associated Pressreported Monday.The U.S. government brought the cargo to Houston, Texas, where it sold…
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Qatar could become the swing LNG (liquefied natural gas) producer and its LNG expansion plans are slated to boost real economic growth and fiscal surpluses to high-single digits and mid-single digits on average over 2021-27, according to Bank of America report. “Qatar’s LNG strategy appears to be focused on defending and, in due course, growing its market share. Qatar’s structural…
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There are few things that can put a dampener on the cement industry’s very ceremonious year so far and what does seem as one of the many prosperous years to come. Cement companies should be very happy with themselves. Despite the dark clouds of Covid-19, the sector—bolstered by government policies—has sold more cement than ever before and still has 16…
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THE China-Pakistan Economic Corridor (CPEC) has now brightened the chances of regional connectivity especially with Central Asian States. It has become an engine of growth. It has become an essential fuel of energy generation in which hydropower has outperformed other sources of energy.https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-3324216479772415&output=html&h=60&slotname=1758957544&adk=1226786057&adf=2643393648&pi=t.ma~as.1758957544&w=468&lmt=1622656044&psa=1&format=468×60&url=https%3A%2F%2Fpakobserver.net%2Fcpec-corridor-of-knowledge-by-zulkafil-h-khan%2F&flash=0&wgl=1&uach=WyJXaW5kb3dzIiwiNi4xIiwieDg2IiwiIiwiOTEuMC40NDcyLjc3IixbXV0.&dt=1622656818718&bpp=13&bdt=6148&idt=1444&shv=r20210525&cbv=%2Fr20110914&ptt=9&saldr=aa&abxe=1&cookie=ID%3D2deb3ce0df582199-22c8ffa23aa70026%3AT%3D1617042922%3ART%3D1617042922%3AS%3DALNI_Mbwd2vPoV9H2OpRAYvgq0SostNkLw&prev_fmts=728×90%2C0x0&nras=1&correlator=1157557665382&frm=20&pv=1&ga_vid=367642796.1617042914&ga_sid=1622656820&ga_hid=673744508&ga_fc=0&u_tz=300&u_his=1&u_java=0&u_h=800&u_w=1280&u_ah=756&u_aw=1280&u_cd=24&u_nplug=3&u_nmime=4&adx=183&ady=1262&biw=1264&bih=685&scr_x=0&scr_y=0&eid=42530671%2C31060975&oid=3&pvsid=3396830579704454&pem=349&eae=0&fc=896&brdim=0%2C0%2C0%2C0%2C1280%2C0%2C1280%2C756%2C1280%2C685&vis=1&rsz=%7C%7CoeEbr%7C&abl=CS&pfx=0&fu=0&bc=31&ifi=2&uci=a!2&btvi=1&fsb=1&xpc=slsPI6jqhL&p=https%3A//pakobserver.net&dtd=1475 It has become an instrument for massive industrialization. Last but not the least, it has accelerated the…
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Federal Minister for Finance and Revenue, Shaukat Fayyaz Ahmed Tarin, on Tuesday, said that government would increase the GDP growth to 6-7 per cent in next couple of years to make Pakistan a regionally competitive economy. He chaired the second meeting of the Economic Advisory Council (EAC) at the Finance Division. The finance minister welcomed the participants and highlighted the…
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The Economic Advisory Council (EAC) on Monday agreed to keep the focus of coming budget on agriculture, export diversification, higher subsidy allocations and to extend construction sector tax amnesty until December 31 to maintain the growth momentum. The second meeting of the EAC presided over by Finance Minister Shaukat Tarin deliberated upon six out of 12 expert groups. The minister…
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Chairman, National Electric Power Regulatory Authority (NEPRA), Mr Tauseef H Farooqi, has said that the Renewable Energy (RE) portfolio of Pakistan can be improved by including Hydro power generation in renewable energy mix. He said this during the public private dialogue ‘Prospects of clean energy transition along the coastal areas of Karachi: Key challenges, development strategies, and the way forward,’…
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