While the ministries of energy and maritime affairs wrangle over some operational issues, Pakistan’s petrol stocks have slid to a critical position, posing a challenge to smooth supplies, it emerged on Tuesday. As of August 2 evening, informed sources said, the overall petrol stocks were lower than eight days of the country’s average consumption coverage. This comes as a grim…
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Shell Pakistan Limited collaborated with Uber and Muawin by Cashew Financial Services, to deliver a fuel management solution with unparalleled features to Uber partner drivers. Through this collaboration, Uber partner drivers will get access to fuel financing from Muawin by Cashew Financial Services, to fulfill their mobility needs at Shell. By means of tech-enabled financing and personalized Shell Fleet Cards,…
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High power testing of ±660kV HVDC Matiari-Lahore Transmission line is completed on fast track with close liaison of Pak Matiari Lahore Transmission Line Company (PMLTC) and National Transmission and Despatch Company (NTDC). HVDC system, on Monday, transmitted 3000MW power on Bi-pole successfully as per requirement of Transmission Services Agreement. Managing Director NTDC Engr Muhammad Ayub remained in control room of…
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Pakistan has once again created history, as oil marketing companies sold a record high 0.81 million tons of petrol in July mainly due to jump in the number of vehicles on the road in the wake of availability of banks’ financing for owning a car at low interest rates. “Highest ever MoGas (petrol) sales of 0.81 million tons were recorded…
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The consumers are set to pay the price of expensive liquefied natural gas (LNG) deals as the Oil and Gas Regulatory Authority (Ogra) on Monday raised prices of LNG by up to 5.59%. The Pakistan Muslim League-Nawaz (PML-N) has recently called for initiating inquiry against the expensive LNG deals. The regulator has allowed increase in tariff for the consumers of…
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The National Electric Power Regulatory Authority (Nepra) on Monday allowed charging the highest hydel tariff of RsRs9.118 per kWh on provisional basis. It allowed Neelum-Jhelum Hydropower Project (NJHP) to continue selling its electricity at provisional tariff of Rs9.118 per kWh on take and pay basis with must-run condition. This was already effective from October 17, 2019. The tariff is being…
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There was a time when Peshawar was known as the city of flowers. Perhaps this was because of the many gardens built in the 16th and 17th centuries during the Mughal Era. Professor Sayed Amjad Hussain wrote in the September 7, 2018 issue of The Friday Times that, “At one time, Peshawar was known by her monikers ‘City of Flowers’…
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A Chinese company building a 720-megawatt hydropower generation complex on the Jhelum River says it has been facing serious problems and delays in obtaining advance tax exemption orders at import stage from the Federal Board of Revenue (FBR) for the last few months. In a letter to CPEC Authority chairman Asim Saleem Bajwa, the Karot Power Company Ltd (KPCL) complained…
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The Pak-China Relations Steering Committee on Monday directed finalisation of a uniform policy framework within a month for extension in commercial operation dates (CODs) of five power projects of about 3,600 megawatts being set up under China-Pakistan Economic Corridor (CPEC). The meeting presided over by Planning Minister Asad Umar also directed the Power Division to ensure availability of sufficient power…
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Making a new record, the state-run Pakistan State Oil (PSO) has purchased a cargo of liquefied natural gas (LNG) at $20.055 per unit (almost 27.9pc of Brent), the highest ever not only in the country but perhaps the second highest summer purchase in the world. This comes at a time when the government was justifying $15.5 per million British thermal…
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