The United Kingdom has announced support to capacity building initiatives for the brick kiln sector in Pakistan to reduce emission for improving air quality and reducing smog. These views were expressed by Christian Turner, British High Commissioner to Pakistan in a press statement issued in connection with launching of UK support to the brick kiln sector to reduce emission. “The…
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The International Monetary Fund (IMF) has postponed sixth review of its $6 billion bailout programme for Pakistan. The review talks did not make headway and therefore now the assessment will take place in September. That might not appear strange at a first glance. Pakistan has already had its previous reviews done together in March because of the exceptional situation created…
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Despite declining purchasing power and fall in large scale manufacturing (LSM) output, Pakistan prosperity index registered an increase in March on the back of improvements in trade volume and private sector lending, said a public policy think tank. Policy Research Institute of Market Economy (PRIME), in a monthly review of the country’s macroeconomy, said Pakistan prosperity index (PPI) increased in…
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Federal Minister for Finance and Revenue Shaukt Tarin, Tuesday, said that energy sector was indeed very crucial to keep the cycle of economy moving with ever growing momentum. Oil refineries in Pakistan have been pillar of energy security of the country and now the government wants the domestic oil refineries to upgrade themselves at par with international standards. Chairing a…
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Pakistan’s electricity demand has soared to 20 percent of which the industrial demand alone has increased by 12-13 percent, which may lead to high economic growth. The Federal Minister for Energy Muhammad Hammad Azhar said this during a meeting with the U.S. Embassy’s Chargé d’ Affaires, a.i. Lesslie Viguerie here on Monday. Secretary Power Division Ali Raza Bhutta, Daniel Froats,…
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Amid gas shortfalls affecting power supplies at the peak of summer, emergency meetings are being arranged at the highest level to facilitate later this month dry-docking of floating LNG terminal of Engro that has blamed the government entities for creating the mess. This is happening at a time when the hydropower system has its natural constraints, local gas fields require…
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The prices of the Liquefied Petroleum Gas (LPG) have been raised in the country for the third time within a span of four days as distributors have announced a nationwide strike against the decision on June 30, ARY NEWS reported on Tuesday. The Oil and Gas Development Company Limited (OGDCL) announced an increase of Rs6.09 per kilogram in the prices…
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Engineering feasibility study and the environmental impact assessment of 300-megawatt Balakot hydropower development project have been completed to get the project into the next phase of construction, The News learnt on Tuesday. Hagler Bailly Pakistan and a Portuguese engineering consultancy AQUALOGUS in association with Zeeruk International Pvt. (Pakistan) carried out the preparatory works of the project located on the Kunhar…
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The Pakistan Petroleum Limited (PPL) has made a maiden offer to sell 3mmscfd (million standard cubic feet per day) wellhead raw gas from its Naushero Feroz Block for sale to the third party, an official document suggested. The NF Hor-1 well is one of the deepest and longest horizontal wells in tight gas reservoirs drilled in Pakistan. It is also…
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Circular debt, a very heated debate among economists of Pakistan, is becoming a colossal issue on every coming day. It is cross-indebtedness of parties in the energy supply chain, a situation in which every party in the circle is both a debtor and a creditor owing to the cash recovery problems of the party lying at the bottom of the…
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