KARACHI: The inaugural ceremony of the solar power generation project at the University of Karachi held at the Arts Auditorium of the institution , ARY News reported on Wednesday. Sindh’s Law and Environment Adviser Barrister Murtaza Wahab reached the university to attend the ceremony. The solar power generation system will save precious funds of the university being spent to pay…
Read MoreYear: 2021
Oil prices to go up as ECC okays increase in margins of OMCs, dealers
ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved to revise upwards the margins of oil marketing companies (OMCs) and dealers on petroleum products, which would increase the oil prices in the country. Petroleum Division updated the ECC about the recommendations firmed up by a sub-committee established in line with the earlier decision of the ECC dated Jan…
Read MoreKarachi: SAPM Nadeem Babar addressed the Stakeholders Consultative Conference for Coal to Gas and Coal to Liquid Policy Formulation here on Wednesday.
Mr. Babar spoke about the global inequalities prevalent among nations in the economic, technological and energy consumption space. He said that technology has tremendously enhanced the production, conversion and usage efficiencies in the energy sector and that it will continue to transform the ways in which energy is produced and utilized. “World is moving away from fossil fuels to clean…
Read MoreJJVL operation hits a snag for want of legal consent
The LPG production from Jamshoro Joint Venture Limited (JJVL) has hit a snag pushing the country towards more imports and a loss to Sui Southern Gas Company Limited (SSGCL). The extension of the contract between Jamshoro Joint Venture Limited (JJVL) and Sui Southern Gas Company (SSGC) has been pending legal opinion before Law Division since August 21, 2020. On a proposal by…
Read MorePakistan needs to change energy system
KARACHI:Pakistan is almost half a century behind the world in transforming its energy sales from a state-controlled pricing mechanism to a market-based competitive pricing system, which is a must to make energy supply cheaper and affordable for the nation. Energy – power, oil, gas and coal – producers and importers will have to change their mindset. They have to forget…
Read MorePort Qasim Authority may challenge GST on cess
ISLAMABAD: The Port Qasim Authority (PQA) is likely to challenge the general sales tax (GST) levied by the Sindh government on the channel development cess (CDC) collected from liquefied natural gas (LNG) carrying vessels. The previous government had imposed the cess in a bid to finance the widening of a water channel for LNG ships. PQA has collected CDC worth $47.5…
Read MoreLPG production at Jamshoro plant hits snag
ISLAMABAD:Liquefied petroleum gas (LPG) production by Jamshoro Joint Venture Limited (JJVL) has hit a snag, pushing the country towards more imports. Legal opinion on extension in a contract between JJVL and Sui Southern Gas Company (SSGC) has been pending before the Law Division since August 21, 2020. On a proposal of the Petroleum Division, the Economic Coordination Committee (ECC) took…
Read MoreEngineering Development Board hopeful about mobile phone manufacturing
ISLAMABAD: The Ministry of Industries and Production (MoIP) expects that the new mobile phone manufacturing industry could be larger than the existing automotive industry in the coming years due to high demand and expansion in coverage areas across the country, the Engineering Development Board (EDB) said on Wednesday. In its report, the EDB — which is a technical arm of…
Read MoreKE consumers to get Rs2.35bn fuel cost benefit
SLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday notified fuel cost adjustments (FCAs) for K-Electric for 11 months — July 2019 to May 2020 — involving a net relief of Rs2.355bn to consumers. The regulator had completed the public hearing on KE’s FCAs on Feb 23. The combination of monthly FCAs for 11 months came as a blessing…
Read MorePromoting Sustainability
Pakistan LNG Limited (PLL) and Pakistan LNG Terminal Limited’s (PLTL) report on supply chain standards reflect an overstressed system that has been working beyond its capacity. With the focus now primarily being on shoring up the terminals, all relevant authorities are scrambling to create a new strategy that will provide some relief. In its own regard, this is something that…
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