August 2021 - Page 3 of 22 -

Transportation of POL products: PM seeks explanation for ignoring PR, PNSC

August 30, 2021April 22, 2023 Admin

Prime Minister has sought an explanation from Secretary Petroleum Division for not giving priority to Pakistan Railways (PR) and Pakistan National Shipping Corporation (PNSC) in transportation of POL products, well-informed sources told Business Recorder. These directions were issued during a recent meeting of Federal Cabinet, when at least two Ministers lodged a complaint that Pakistan State Oil Company Limited (PSOCL) is…

Hascol launching Vaccination Centers on M2 motorway

August 29, 2021April 22, 2023 Admin

In coordination with the National Command & Control Centre (NCOC) and the Oil & Gas Regulatory Authority (OGRA), Hascol Petroleum Limited is establishing Drive-Through Vaccination Centers at selected retail outlets on the M2 Motorway in Bhera, and at its Excellence Training Centre in Machike. The Covid-19 menace shows no signs of abatement in the country with the Delta variant claiming…

FPCCI seeks energy tariff relief for domestic industries

August 29, 2021April 22, 2023 Admin

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Businessmen Panel has called for lessening the burden of heavy taxes on the power sector, as it has pushed the electricity prices higher and added to the already soaring cost of trade and industry. FPCCI’s Businessmen Panel Chairman, Mian Anjum Nisar in a statement issued here on Saturday, appreciating the…

Masdar Celebrates Inauguration Of Landmark 100 MW Nur Navoi Solar Project In Uzbekistan

August 29, 2021April 22, 2023 Admin

Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has inaugurated the Nur Navoi Solar Project – Uzbekistan’s first successfully-financed independent power producer (IPP) solar project. The inauguration ceremony was attended by Shavkat Mirziyoyev, President of the Republic of Uzbekistan, Sardor Umurzakov, Deputy Prime Minister and Minister of Investments and Foreign Trade for…

Electricity export to Afghanistan, Pakistan can be risen by 400 MW

August 29, 2021April 22, 2023 Admin

Energy Ministry’s Spokesman for Electricity Industry Mostafa Rajabi Mashhadi said that it is possible to increase the supply of electricity to Pakistan and Afghanistan by more than 400 megawatts (MW). The official said Iran is willing to expand relations with Pakistan and boost electricity export to this country, IRNA reported. Transmission line to Pakistan border to supply electricity to Gwadar…

First unit of world’s largest LNG plant shipped from China to Russia

August 29, 2021April 22, 2023 Admin

The first section of a massive new liquefied natural gas (LNG) plant bound for the Arctic Circle was loaded onto a cargo ship at Daishan manufacturing base in east China’s Zhejiang Province on Thursday. The 10,000-tonne unit will arrive in Murmansk in northwestern Russia in 25 days. With 13 more units to follow, they will form the Arctic LNG 2…

The rare earth metal race: How India lost it to China

August 29, 2021April 22, 2023 Admin

Such is the strategic importance attached to rare earths that President Xi Jinping has made it a habit to flex China’s Trade Muscle by visiting to Rare Earths Hub, mining sites and plants frequently. (Twitter)“Rare Earth Elements (REE) are an ace in China’s hand”, read a Global Times headline in 2019. China currently controls nearly 90 per cent of the…

Honda plants new seeds for green Pakistan

August 29, 2021June 9, 2023 Admin

Honda Atlas Cars is at the forefront when it comes to taking initiatives that are built to create a lasting impression on the environment. We are an environment-friendly brand and it is our dream to leave minimal footprint while making cars that are truly magnificent.Our cars are built to reduce carbon emissions with the entire Honda line up coming equipped…

New record of planting 100,000 saplings set in Faisalabad

August 29, 2021June 6, 2023 Admin

The district administration set a new record of planting 100,000 saplings in one go in the district on Friday. A tree plantation ceremony was held at Kaleem Shaheed Park, Narwala Road, in which 8,000 students of different government schools and 2,000 students of colleges planted 20,000 saplings in the park in tehsil city Faisalabad. During the same time, 16,000 saplings…

LNG crisis brewing?

August 27, 2021December 21, 2023 Admin

The LNG spot rates are hovering around $16/mmbtu. The Pakistan LNG Limited (PLL) has received bids for October and November deliveries at an average of $19.92/mmbtu and $19.39/mmbtu, respectively. For context, the average LNG spot price for PLL cargoes in October and November last year was $5.38/mmbtu. The PLL is yet to issue final evaluation report for the tenders floated…