Retired Lt Gen Asim Saleem Bajwa was on Tuesday replaced by Khalid Mansoor as the authority to lead the affairs of the China-Pakistan Economic Corridor. A notification issued by the Prime Minister’s Office said Mansoor had been appointed as Special Assistant to the Prime Minister on CPEC Affairs with immediate effect. The appointment will be in an honorary capacity, it…
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The Oil and Gas Regulatory Authority (Ogra) on Tuesday withdrew its notification from a day earlier that showed the purchase price of liquefied natural gas (LNG) cargo at $20.055 by the Pakistan State Oil (PSO), saying the petroleum corporation clarified it had scrapped the bid as it was ‘high’ and ‘unacceptable’. The withdrawal of the Ogra notification comes in the…
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The Sui Northern Gas Pipelines Ltd has taken strict notice of alleged involvement of some of its officers in disconnecting gas supply to textile mills and issuing frivolous notices to them on lame excuses and pretexts. “I assure you people of uninterrupted gas supply to export oriented industry. I will also take action against all delinquent officials resorting to disconnection…
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The government has decided in principle to provide uninterrupted gas supply to two Punjab-based fertiliser plants – Fatima and Agritech – on Sui Northern Gas Pipelines Ltd (SNGPL) network over the coming months to ensure sufficient local fertiliser production. The decision to this effect was reached at a meeting presided over by Finance Minister Shaukat Tarin to review the supply…
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While the ministries of energy and maritime affairs wrangle over some operational issues, Pakistan’s petrol stocks have slid to a critical position, posing a challenge to smooth supplies, it emerged on Tuesday. As of August 2 evening, informed sources said, the overall petrol stocks were lower than eight days of the country’s average consumption coverage. This comes as a grim…
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Shell Pakistan Limited collaborated with Uber and Muawin by Cashew Financial Services, to deliver a fuel management solution with unparalleled features to Uber partner drivers. Through this collaboration, Uber partner drivers will get access to fuel financing from Muawin by Cashew Financial Services, to fulfill their mobility needs at Shell. By means of tech-enabled financing and personalized Shell Fleet Cards,…
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High power testing of ±660kV HVDC Matiari-Lahore Transmission line is completed on fast track with close liaison of Pak Matiari Lahore Transmission Line Company (PMLTC) and National Transmission and Despatch Company (NTDC). HVDC system, on Monday, transmitted 3000MW power on Bi-pole successfully as per requirement of Transmission Services Agreement. Managing Director NTDC Engr Muhammad Ayub remained in control room of…
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Pakistan has once again created history, as oil marketing companies sold a record high 0.81 million tons of petrol in July mainly due to jump in the number of vehicles on the road in the wake of availability of banks’ financing for owning a car at low interest rates. “Highest ever MoGas (petrol) sales of 0.81 million tons were recorded…
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The consumers are set to pay the price of expensive liquefied natural gas (LNG) deals as the Oil and Gas Regulatory Authority (Ogra) on Monday raised prices of LNG by up to 5.59%. The Pakistan Muslim League-Nawaz (PML-N) has recently called for initiating inquiry against the expensive LNG deals. The regulator has allowed increase in tariff for the consumers of…
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The National Electric Power Regulatory Authority (Nepra) on Monday allowed charging the highest hydel tariff of RsRs9.118 per kWh on provisional basis. It allowed Neelum-Jhelum Hydropower Project (NJHP) to continue selling its electricity at provisional tariff of Rs9.118 per kWh on take and pay basis with must-run condition. This was already effective from October 17, 2019. The tariff is being…
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