The federal government will have strong footprints in state-owned enterprises (SOEs) even after approval of a new Act of parliament, which is contrary to the objectives of ensuring efficient and financially viable public sector firms by ending political interference. The draft of State-owned Enterprises (Governance and Management) Act 2021 suggests that the government still does not want these entities to…
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LAHORE: The construction work on 21MW Tangir Hydropower Project, meant for providing electricity to the people in various areas during construction phase of Diamer Bhasha Dam, has commenced, according to the Water and Power Development Authority (Wapda). The construction works on eight sites of Diamer Bhasha Dam and nine of the Dasu Hydropower projects are also underway these days on…
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KARACHI – Leading automobile company Master Changan Motors Company Limited (MCML) is proud to announce it has signed a contract with Orient Power System for installing a 2.5MW solar power project at its Changan production facility at Port Qasim Karachi. Bank Al Habib has been nominated as the lead banking arranger for this project. The project will initiate a Green…
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KARACHI: SICPA Pakistan has won the 13th NFEH (National Forum for Environment & Health) International CSR Award in the category of “Best Practices in CSR”, a statement said on Wednesday. Chaudhry Muhammad Sarwar, governor of Punjab, and Dr Sania Nishtar, special assistant to the prime minister on Poverty Alleviation & Social Protection, attended the ceremony along with other guests, it…
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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 24th Mar, 2021 ) :Adviser to the Chief Minister Khyber Pakhtunkhwa on Energy and Power, Himayat Ullah Khan Wednesday said public-private partnership in energy sector was an excellent proposition. The Hydro projects were environmental-friendly and create good socio-economic impacts besides being cost-effective. Thus, it makes hydro-projects suitable, especially for poverty-stricken province…
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Vologda, Russia, (APP – UrduPoint / Pakistan Point News – 24th Mar, 2021 ) :In a dense forest northeast of Moscow, logging machines cut down rows of trees as Russia taps foreign demand for its wood as part of efforts to reduce its dependence on oil exports. Nowhere is this more evident than in Vologda, a region 500 kilometres (310…
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London, (APP – UrduPoint / Pakistan Point News – 24th Mar, 2021 ) :The British government on Wednesday angered environmentalists by saying it could license further oil and gas drilling in the North Sea, months before it hosts a climate change summit. The government made the announcement as it unveiled a new “North Sea Transition Deal”, aimed at helping lower…
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Canada’s energy industry saw a record US$18 billion worth of mergers and acquisitions year to date, data showed on Tuesday, while analysts predict 2021 will be a bumper year for M&A in the Canadian oil and gas industry. According to data from Dealogic, cited by Reuters, energy deals in Canada between the start of 2021 and March 18 totaled US$18…
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The new policy prepared and finalised by the government for petroleum refining seems lucrative. Under the policy, an incentive package is on offer to those willing to establish deep conversion refineries anywhere in Pakistan. Similarly, the plan also offers the same incentives to the local refineries provided they decide to upgrade themselves. The policy, which will be implemented once the…
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The country’s power generation (ex-KE) continues to grow at a very modest rate. The 8MFY21 generation numbers are out depicting a meager increase of 2.69 percent year-on-year in the net electricity generation at 81 billion units. Recall that the generation has been static for three years around 120 billion units for the full year. That the power generation mix is…
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