Khawaza Khela-Madyan Transmission Line of PESCO Restored NTDC extended support to PESCO for early completion & Restoration of power supply to flood-hit areas of Swat NTDC Headquarter WAPDA House Lahore (20 Sep 2022) The rehabilitation work on 132 kV Khawaza Khela-Madyan transmission line has been completed and power supply to the flood-hit areas of Swat (KPK) has been restored, today.The…
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September 2022
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The Mines and Minerals Department has initiated a master plan to switch over from the traditional regulatory mode to a more facilitative, ease of business, investment attractive, sustainable, safe and mines workers welfare-oriented mineral sector. In this connection, the department organised a seminar here Sunday. Provincial Minister for Mines and Minerals Latif Nazar chaired the event via video link, while…
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After a three year absence, oil and gas companies are back with a bang on the Toronto Stock Exchange’s annual list of top stocks, the TSX 30, which features the top-performers over a three-year period. Based on dividend-adjusted share price performance, a total of 14 energy companies made the 2022 list of the 30 best performing stocks on the S&P/TSX index, posting…
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Oil prices have declined by around $30 a barrel since the recent peak in early June before the Fed and other central banks started aggressive interest rate hikes to fight runaway inflation. The tightening monetary policy is expected to slow economic growth, while several financial market indicators suggest that the markets expect recessions, which could slow global oil demand growth.…
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Pakistan can import oil from Russia on deferred payment as both countries are in talks to discuss the possibility, a senior government functionary revealed on Sunday after the recent meeting between Prime Minister Shehbaz Sharif and Russian President Vladimir Putin on the sidelines of Shanghai Cooperation Organisation (SCO) in Samarkand. The official, who was part of the prime minister’s delegation,…
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The government’s plan to inject 10,000 MW of electricity through solar power projects is under threat following opposition from power distribution companies interested in maintaining their monopoly. In order to retain their monopoly, Power Distribution Companies (Discos) are placing hurdles in implementing the net metering system for domestic consumers who have installed solar power systems. Prime Minister Shehbaz Sharif, and…
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The government is likely to appoint Atif Sabir Khan as Chairman Board of Directors (BoD) of National Transmission and Despatch Company (NTDC) in place of Naveed Ismail, as the company has witnessed a visible decline during the latter’s term, well-informed sources told Business Recorder. The other independent directors of NTDC will be Major General M Azeem Asif (retired), Khaqan Najeeb, Ishaq…
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Ministry of Finance has sought an update from the Ministry of Energy (Power Division and Petroleum Division) on commitments/ actions made with the International Monetary Fund (IMF) including power tariff adjustments and increasing PDL to Rs 50/ litre. The seventh and eighth combined reviews of IMF’s EFF Programme have been completed. The Memorandum of Economic end Financial Policies (MEFP) agreed…
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Human-caused climate change likely contributed to the deadly floods that submerged parts of Pakistan in recent weeks, according to a rapid analysis on Thursday looking at how much global heating was to blame. An international team of climate scientists at the World Weather Attribution group said that rainfall in the worst-hit regions had increased as much as 75 per cent…
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