The country’s all the five oil refineries have protested over imposition of duties and taxes on crude oil and violation of commitments by the government for incentives for upgrade and modernisation. They have asked the government to honour commitments it had made with the refining sector as part of the new policy for petroleum refining finalised recently and awaiting formal…
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WE have surplus generation capacity and we have frequent electricity shortages — particularly when the demand peaks in summers. Sounds like a paradox? Indeed, it does. The recent forced power cuts experienced by hapless consumers across the country were no surprise. People have suffered sudden blackouts of long duration before, and there is no guarantee these will not be repeated…
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The prices of all petroleum products are set to significantly go up on Tuesday owing to higher international prices and some adjustments in tax rates. Three different options are under consideration of the government. Based precisely on existing tax rates and oil import price, the ex-depot price of high-speed diesel (HSD) is estimated to go up by Rs5.58 per litre…
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The special report — carried out in collaboration with the World Bank and the World Economic Forum — sets out a series of actions to enable these countries to overcome the major hurdles they face in attracting the financing to build clean, modern and resilient energy systems that can power their growing economies for decades to come. Annual clean energy…
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Unilever Pakistan and Green Earth Recycling Pakistan have joined hands to announce an initiative through which they will collect and repurpose plastic waste into sustainable furniture. The company has joined hands with Green Earth Recycling’s as its business model is based on converting plastic waste into useful ‘recycled plastic furniture’, giving the plastic a second life by processing a combination…
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KARACHI: In a major breakthrough, K-Electric and Pakistan LNG Limited (PLL) have entered into an initial Gas Supply Agreement (GSA) for the supply of 150mmcfd RLNG for K-Electric’s flagship 900MW power plant at Port Qasim (BQPS-III). The GSA will be executed promptly after the approval of the Oil & Gas Regulatory Authority (Ogra), sources at KE told the Business Recorder.…
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As the Budget 2021-2022 was presented in the National Assembly on Friday, one thing was clear: the government was aiming to please as much of the population as it could. Earlier in the day, Prime Minister Imran Khan had said “everyone would be happy” with the budget and the reduction of taxes on several industries seemed to reflect that. The budget included…
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In the latest ranking, Karachi has been placed on the list of 10 least liveable cities in the world. The Pakistan’s financial hub was ranked at 7th position while Bangladesh capital Dhaka was put at 4th. As per the 2021 edition of The Economist Intelligence Unit’s (EIU) Global Liveability Ranking, Damascus remains the world’s least liveable city. With an average…
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o-called “green” hydrogen production using onshore wind turbines could achieve price parity with fossil-based hydrogen by the year 2030, according to a white paper from Siemens Gamesa Renewable Energy. In a statement on Wednesday the firm — a major player in wind turbines — also said that green hydrogen produced using wind from the offshore sector could achieve price parity…
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Sindh Energy Minister Imtiaz Shaikh has blamed the K-Electric (KE) for power outages in the city, saying that load-shedding has agonised the lives of the people of Karachi. He stated this on Friday as he participated via video-link in a meeting chaired by the National Electric Power Regulatory Authority (Nepra) chairman and attended by the chief executive officers of various…
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