The Petroleum Division has finalised winter seasonal plan for uninterrupted gas supply to the domestic sector by curtailing supply to the CNG stations and the general industry (non-export) from December 1 to January 15, 2022. In December 2021, the domestic and commercial sector supply will be around 948 mmcfd, in January it will raise to 1,048 mmcfd, and the gas…
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In an apparent bid to meet rising gas demands during this winter season, energy minister Hammad Azhar has advised a state-owned gas utility to completely stop issuing new demand notice/proposal letters in respect of domestic gas connections. According to sources, Federal Minister for Energy, Hammad Azhar has strictly advised Sui Northern Gas Pipelines Limited (SNGPL) to completely stop issuing new…
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About 10% ($1.5 trillion) of China’s gross domestic product (GDP) is contributed by its blue economy. Thus, the sector, and especially shipping, has served as an engine of development for several countries. Our Quaid also had a vision of establishing a fleet of 100 ships and economic independence for Pakistan. This article is an attempt to take stock of where…
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A WEEK after the blaze, stench and despair marked the environment as one visited the Cooperative Market in downtown Saddar. Workers were busy moving the remains from the gutted shops, while the owners were busy filling out loss assessment forms. The leaping flames extinguished life for close to 400 shops within hours. The cause of fire and reasons for the rather…
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The country may face shortage of fuel after All Pakistan Petrol Pumps Dealers Association announced that it will observe a nationwide strike on Nov 25 as the government had failed to increase the dealers’ margin by 6pc. All Pakistan Petrol Pumps Dealers Association Information Secretary Nauman Ali Butt said petrol filling stations across the country would remain closed on Nov…
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Pakistani businessman Nawabzada Kalam Ullah Khan had been planning to swap his family’s petrol-powered cars for electric models for years. But it wasn’t until a set of massive tax cuts came into effect in July that the 29-year-old from Pakistan’s capital Islamabad finally put in an order for two electric cars. “Someone has to take the initiative to switch to…
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Pakistan and Iran have agreed on a barter deal to exchange rice and import liquified petroleum gas (LPG), announced Adviser to Prime Minister on Trade and Commerce Abdul Razak Dawood. Pakistan would import LPG from Iran in exchange of rice under the barter arrangement, a memorandum of understanding for which was signed during 9th Joint Trade Committee (JTC) meeting in…
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Spot freight rates for liquefied natural gas tankers in the Asia-Pacific have surged to record highs as a steady flow of U.S. cargoes to the region boosts demand for ships. The cost of chartering a vessel to carry a shipment of the super-chilled fuel from Australia to Japan spiked to $316,750 per day on Tuesday, five times higher than two…
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When a country’s economy is in shambles, it can hardly afford more conditions from the lenders; that’s what Pakistan is facing in dealing with the IMF. Adviser to the PM Shaukat Tarin has once again outlined the necessity to comply with five prior conditions that Pakistan must fulfil before the IMF calls a meeting of its board of directors to…
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President Joe Biden called on US regulators to look into the causes of the nationwide spike in gasoline prices, which he said is hurting workers. The president last week made fighting inflation a top priority after data showed consumer prices hit a 30-year high in October, fueling a slump in his public approval. In a letter to the Federal Trade…
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