While lawmakers belonging to the opposition Grand Democratic Alliance (GDA) and Muttahida Qaumi Movement-Pakistan (MQM-P — the two allies of the federal government — along with Pakistan Peoples Party members vehemently condemned the recent hike in petroleum prices and short supply of gas in Sindh, Energy Minister Imtiaz Ahmed Shaikh told the Sindh Assembly on Monday that a severe gas…
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The government is expected to gradually increase petroleum levy on petrol and other petroleum products to improve revenue collection as targeted under the 2021-22 federal budget and IMF programme. The move would help widen a gap between compressed natural gas (CNG) and petrol prices and may contain import bill. The government had set a Rs610bn target of petroleum levy during…
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A short bureaucratic note from a brutally degraded microstate in the South Pacific to a little-known institution in the Caribbean is about to change the world. Few people are aware of its potential consequences, but the impacts are certain to be far-reaching. The only question is whether that change will be to the detriment of the global environment or the…
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Ahead of review talks with the IMF for borrowing $1 billion under Extended Fund Facility (EFF), minister Tarin also assured of Pakistan’s commitment to the IMF program. “The government is committed to the IMF program and hopes to successfully complete the upcoming review as well as Article IV consultations,” a statement quoted Tarin as saying. Pakistan has to present a…
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President, Islamabad Chamber of Commerce and Industry (ICCI), Sardar Yasir Ilyas Khan heading a delegation visited Turbat, Baluchistan to explore the business and investment opportunities for its members in the Special Economic Zone (SEZ) that has been planned for the area. The delegation was representing various sectors including real estate and construction, IT, pharmaceuticals, steel, solar energy, edible oil, marble,…
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Energy generated in the Emirate of Sharjah amounted to 5.4 billion kilowatt-hours during the first half of the year, according to latest statistics by the Sharjah Electricity, Water and Gas Authority (SEWA). Figures indicated that the residential sector in the Emirate of Sharjah is the most in consuming electricity at 41.19 percent, and the commercial sector is in 2nd place with 35.18 percent, followed by the government sector with 12.03 percent, then the industrial sector by…
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The Federal Cabinet which is scheduled to meet on Tuesday (today) with Prime Minister Imran Khan in the chair, is likely to approve payment of Rs 52.432 billion, 40 per cent of the total amount payable to 11 Independent Power Producers (IPPs of 2002 policy), import of 50,000 tons of sugar and Kamyab Pakistan Programme (KPP). The KPP has been…
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China’s pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it slashes future carbon emissions, analysts said, although Beijing’s own domestic coal programme is still propping up the dirty fossil fuel. Chinese President Xi Jinping said in a pre-recorded address at the United Nations General Assembly on Tuesday that China would help developing countries…
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A delegation of All Pakistan CNG Association (APCNGA) led by its chairman Khalid Latif called on Finance Minister Shaukat Tarin at the Finance Division on Monday, ARY News reported. Federal Board of Revenue (FBR) Chairman Muhammad Ashfaq Ahmed, Oil and Gas Regulatory Authority (OGRA) Chairman Mansoor Khan, senior officers from the Petroleum Division and representative of Federation of Pakistan Chambers…
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Federal Minister for Energy Muhammad Azhar received His Excellency Nawaf bin Saeed Al-Maliki, Ambassador of Saudi Arabia to Pakistan in his office today. The sides discussed matters of mutual interest relating to on-going bilateral cooperation in the energy sector.The Minister apprised the Ambassador of government’s initiatives in energy sector focusing on induction of renewable energy policy to harness local resources…
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