Saudi Arabia’s oil giant Aramco has announced the start of its development of its Jafurah unconventional gas field in a press event on Monday. The company’s chief executive officer, Amin Nasser, said the field, which it claims to be the largest in the world, could replace 500,000 barrels per day of oil production “at its peak.” The project comes amid…
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Rescue 1122 has appealed to the public use gas appliances carefully to avoid unpleasant accidents. An official of the Rescue 1122 said due to prevailing crisis of gas shortage the people indulge in using alternate measures like using cylinder, compressor in their houses. It has been noted that many residents use fridge compressor to suck in more sui gas to…
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The complaints of gas outage and low pressure have been on the rise in different parts of the provincial metropolis. Besides, gas cuts in densely-populated areas force the citizens to use the LPG, wood and coal or bring food from the bazaar, which are all costly alternatives. As the complaints of low or no gas have become a new norm,…
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State Bank of Pakistan’s (SBP’s) annual report on Pakistan’s economy 2020-21 claims that growth rebounded to 3.9 percent last fiscal year accompanied by a 10-year low current account deficit that built up foreign exchange reserves, an edging down of fiscal deficit despite Covid-19 leading to improved debt-to-GDP ratio and easing of consumer price index due to stable core inflation constituting…
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At the sprawling Expo 2020 Dubai, a cultural tour de force known as the Pakistan Pavilion has been quietly drawing global attention. It is among the pièces de résistance of the Opportunity District – a fitting location for a country that shows great promise as a magnet for tourists and investors. Themed as ‘Pakistan: The Hidden Treasure’, the pavilion cost…
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Iran, Azerbaijan, and Turkmenistan have signed a trilateral gas swap deal for up to 2 billion cubic meters per year, Iranian media reported. The agreement was signed on November 28 in the Turkmen capital, Ashgabat, on the sidelines of a regional economic summit. Under the swap deal – which boosts an existing agreement – Iran will receive gas from Turkmenistan…
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Engro Fertilizers Chief Financial Officer (CFO) Imran Ahmed has more than 20 years of diversified work experience in leadership and management positions in large firms in Pakistan and abroad. He recently spoke with Dawn on issues relating to deregulation of the fertiliser industry and the development of an effective mechanism for providing direct, smart subsidy to the small farm holder, and how…
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It was the advent of independent power producers (IPP) two decades ago that led to the branching of the Water and Power Development Authority into independent transmission and distribution entities. A much larger transformation is about to take place in the form of the competitive trading bilateral contracts market (CTBCM), which will herald the start of a fully competitive electricity…
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Sindh Energy Minister Imtiaz Sheikh condemned stopping the gas supply to CNG sector and industries and said that after cooling the stoves, the federal government jammed the wheels of industries also.Sindh Energy Minister said that stopping the gas supply to CNG sector will boost the unemployment across Sindh and thousands will lose their jobs.He said that the federal government is…
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November 29, 2021: Pakistan Water and Power Development Authority (WAPDA) Chairman Lt Gen Muzammil Hussain (Retd) visited Greater Karachi Water Supply Scheme – also known as K-IV – to review progress on the project.WAPDA General Manager Projects (South), K-IV Project Director and representative of the Consultants were present on the occasion. Expressing satisfaction over the pace of progress, the Chairman…
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