Kabul, (APP – UrduPoint / Pakistan Point News – 14th Feb, 2021 ) :Dozens of oil and gas tankers carrying millions of dollars’ worth of fuel caught fire on Saturday, creating an inferno at Afghanistan’s biggest trade crossing with Iran, officials said. The blaze broke out in the early afternoon at islam Qala port, 120 kilometres (75 miles) from the…
Read MoreYear: 2021
Sindh Government criticizes Ogra for hike in petrol prices
KARACHI: Spokesperson of Sindh Government and Advisor for Law, Environment and Coastal Development Barrister Murtaza Wahab has criticized Oil and Gas Regulatory Authority (Ogra) for its proposal to increase price of petroleum products to up to Rs16. He said that the hike in price of petroleum products was nothing but a nuisance to the people. He said that the selected…
Read MoreLNG sector’s opening to revive CNG industry: Paracha
ISLAMABAD: Central leader of All Pakistan Compressed Natural Gas Association (APCNGA) Ghiyas Abdullah Paracha said the government had laid the foundation of the CNG industry’s complete revival by allowing private sector players to participate in the Liquefied Natural Gas (LNG) business. “The present government has taken a key step towards revival of the CNG industry that was once considered the…
Read MoreExpensive Gas
The Oil and Gas Regulatory Authority (OGRA) announced its decision to raise the average price of gas by as much as Rs13.42, to the horror of industries across the country. Given that billions have been spent in recovering losses as well as in improving supply and distribution systems, there should be no reason for such a dramatic hike. If we…
Read MoreNTDC shortlists candidate demanding fabulous pay
ISLAMABAD: The National Transmission and Dispatch Company (NTDC), a subsidiary of the Ministry of Energy, has shortlisted a panel of four senior officers, including a candidate demanding extraordinary salary, for appointment as the company’s managing director. Among the four nominations, Aizaz Ahmed, a candidate working abroad, has demanded $15,000 (approximately Rs2.4 million) salary plus MP1 scale benefits. According to sources…
Read MoreTree plantation drive launched in Balochistan
QUETTA: The Taraqee Foundation, an NGO, in collaboration with United Nations Development Programme, Pakistan, Pakistan Poverty Alleviation Fund (PPAF) and Forest and Wildlife Department of Balochistan, has launched a mass trees plantation campaign titled “Chand Meri Zameen, Phool Mera Watan”. The NGO plans to plant 15,000 saplings in Quetta city, 35,000 in Maseelah, 25,000 in Band Khushdil Khan and 10,000…
Read MoreCostly savings: deals with IPPs
The two-year-long controversy over unaffordable and expensive electricity generation contracts has almost come to an end with the signing of revised agreements with 46 private investors and dozens of public-sector entities. The government says it has been able to achieve savings of about Rs770 billion over the average remaining 20-year contractual life of about 8,000 megawatts of independent power producers…
Read MoreGovt may sublet unused capacity at LNG terminals
ISLAMABAD: The government is likely to sublet unutilised and surplus capacity at existing Liquefied Natural Gas terminals to cut LNG tariff and restrict their further expansion to give a clear signal to private parties for investments in commercial terminals. An inter-ministerial committee, led by Planning Commission’s deputy chairman Dr Jahanzeb Khan and also comprising secretaries of finance, petroleum and maritime…
Read MoreMEI report: Circular debt to hike up to Rs4,936b by 2025
ISLAMABAD: The circular debt is set to alarmingly increase up to Rs4,936 billion by financial year 2025 with an increase of 2.04 times from the current level of Rs2,400 billion, highlights the report on Pakistan’s Power Sector Circular Debt Causes, Consequences, and Remedies prepared by Pakistan’s leading economist Sakib Sherani of Macro Economic Insights (MEI). Sherani served as Member, Prime…
Read MorePodcast: Karachi BRT to use bio-methane as fuel for 200 buses
KARACHI: Karachi’s Red Line BRT project will be using bio-methane made from cow dung to fuel more than 200 buses. The biomass fuel project is supported by the Asian Development Bank (ADB) and can be harnessed to power vehicles on the roads of Pakistan’s biggest city. The Express Tribune’s Fatima Sheikh sits down with Masood Alam Farooqui, an expert on…
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