August 16, 2021 -

Power and gas: ECC may extend concessional tariffs to industry today

August 16, 2021July 29, 2023 Admin

The Economic Coordination Committee (ECC) of the Cabinet which is scheduled to meet on Monday (Aug 16) is expected to extend concessional tariffs of electricity and gas for industry including export-oriented sectors, well-informed sources told Business Recorder. The meeting to be presided over by Finance Minister Shaukat Tarin will approve continuation of RLNG to export-oriented industry at $6.5/MMBTU including Karachi and…

Stranded LNG tanker towed to Karachi

August 16, 2021August 16, 2021 Admin

Pakistan Maritime Security Agency (PMSA) towed in a stranded LNG carrier to Karachi Port on Saturday from Keti Bandar where it was stranded due to technical issues since August 5. According to a PMSA press release, the agency had received a distress message an August 9 from GAS YODLA, with 17 crew members onboard was anchored 15NM off Keti Bandar…

GI pipes fitting cost: SNGPL found involved in over Rs1 bn double charging of domestic consumers

August 16, 2021April 22, 2023 Admin

The Sui Northern Gas Pipelines Limited (SNGPL) is found to be involved in almost over Rs1 billion swindle by double charging domestic consumers in GI (Galvanized Iron) pipes fittings while installing the gas connection meters since 2013. Since 2013, the new gas connections of 300,000-400,000 are given to the masses every year, but in the 2018 elections, the number of…

Advanced metering system project being delayed

August 16, 2021April 22, 2023 Admin

The government’s indecisiveness on the multi-million dollar Advanced Metering Infrastructure (AMI) project has put the investment from Korea Telecom Limited and Kaifa Consortium in jeopardy as top mandarins at the Power Division (PD) and Planning Commission (PC) have so far failed to take a decision about the fate of the project. “The project that was meant to reduce electricity theft…

Going green without sustainability can do more harm

August 16, 2021April 22, 2023 Admin

The colour green, denoting cleanliness and freshness, has been reduced to a buzzword across the country, for projects aiming to counter the challenges of pollution, global warming and climate change registered to affect the atmosphere, public health, livelihood and ultimately the economy. However, the question of sustainability is frequently ignored in such projects. The scenario in the metropolis is no…

Govt eyeing alternatives as LNG supply disruption seems imminent

August 16, 2021April 22, 2023 Admin

As another major supply disruption of liquefied natural gas (LNG) looms large, the government is looking for legally safe and commercially viable alternatives to allow continuation of ‘larger replacement regasification terminal’ currently operating in Port Qasim as a fait accompli to avoid major power shortfalls and have greater gas availability during winters. Engro Elengy Terminal Limited (EETL) has told the…

Prices of petrol, diesel stay unchanged

August 16, 2021April 22, 2023 Admin

The government on Sunday kept unchanged the prices of two major petroleum products — petrol and high speed diesel — and slightly increased those of kerosene and light diesel oil for the next 16 days i.e. till Aug 31. According to a notification issued by finance ministry, the ex-depot price of petrol was kept unchanged at Rs119.80 per litre and…

So what’s wrong here?

August 16, 2021April 22, 2023 Admin

Pakistan turned 74 last week. It has travelled a long distance since then, but, with 8.5 million people currently unemployed and around 40 per cent surviving below the poverty line, its economic performance has been far from being enviable. Pakistan ranked a low 129th amongst 193 UN member states in the 2021 Sustainable Development Report, slipping 14 steps in five…

Naya Nazimabad celebrates Independence Day with Tree Plantation

August 16, 2021April 22, 2023 Admin

The Naya Nazimabad community hosts Independence Day celebrations with national zeal and zest by arranging a mega event in collaboration with Pakistan Rangers and National Forum for Environment & Health (NFEH) here at Naya Nazimabad Cricket Stadium. Independence Day celebrations were followed by Flag hoisting, tree plantation, national anthem and cake cutting ceremony while the Naya Nazimabad residents and people…