The Senate panel on power has decided to forward the issue of alleged illegal appointments of chief financial officer (CFO) and others at Hyderabad Electric Supply Company (HESCO) to the Federal Investigation Agency (FIA) and National Accountability Bureau (NAB). As per details, a meeting of the Senate Standing Committee on Power held here on Thursday under the chairmanship of Senator…
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With Russian troops massing on Ukraine’s border, and President Biden urging Russia’s Vladimir Putin not to invade, the geopolitics of Russian natural gas are growing increasingly intolerable. European gas imports are a mainstay of cash for Putin’s regime, with over one-third of Kremlin funding coming directly from oil and gas revenue, even as Russia increases repression at home, attempts to…
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The price of crude oil has had a history of volatility since trading began on international exchanges and the New York Mercantile Exchange some 40 years ago, but the last two years have been unusually high as global economies have tried to cope with the COVID-19 pandemic. The price of oil traded around $60 per barrel in January 2020 just…
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The sales tax on petrol was 1.43% which has been reduced to 0% but the same tax on high-speed diesel has been increased to 7.20% from 6.75%, according to a notification issued by the Ministry of Finance and Revenue. However, the deduction of sales tax on petrol will not affect the price of petrol for consumers. The GST has been…
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Trading house Trafigura Group Pte. Ltd. rode rising commodity prices to post record profit, making it a big winner from the pandemic economic rebound. Trafigura reported $3.1 billion in net profit on $231.3 billion in revenue in the 12 months through September. Wednesday’s results made the 2021 financial year the most profitable for the company since it was founded in…
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During the Meeting with Senior Vice President Operation, International Finance Corporation (IFC) Ms Stephanie von Friedeburg, Federal Minister for Energy Muhammad Hammad Azhar said that Pakistan was emphasizing on utilization of indigenous, renewables and environmentally clean energy generation resources.While highlighting the initiatives taken in the power sector, the Federal Minister informed the senior IFC official that Pakistan was endeavouring to…
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December 10, Karachi: Committed to the aim to expand its portfolio of clean energy, KE has allied with Sindh Energy Department (SED) and the World Bank to develop a solar park with an aggregate capacity of 350 MW under the ambit of the ‘Sindh Solar Energy Project’ (SSEP). The objective of SSEP is to increase solar power generation and access…
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Community-level training required to make people properly know about methods to deal with fire emergenciesKarachi People at the community-level should be given the training to deal with fire emergencies to ensure not just their own protection but those around them in their residential areas and workplace environment.This was one of the demands made by the speakers at the 11th Annual…
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Punjab Minister for Housing, Urban Development and Public Health Engineering Mian Mahmood-ur-Rasheed has announced government’s plan to convert 60 per cent of power consumption to solar energy by 2030.The Minister was addressing the audience at a “Sungrow Power Day 2021 – Lahore Chapter, a grand event” organized by Sungrow, the global leading inverter solution supplier for renewables at a local…
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