Commerce Ministry has been empowered to impose country or commodity specific conditions or restrictions for imports/ exports of goods under the B2B Barter Trade Mechanism, official sources told Business Recorder. Sharing the details, sources said that pursuant to the decision of the ECC/ Cabinet, Commerce Ministry issued SRO 484(1) 2022 and SRO 485(1)/2022 on April 1, 2022 whereby provisions with respect…
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Minister of Energy (Petroleum Division) Senator Dr Musadik Malik inaugurated gas transmission project in District Hafizabad. Special Assistant to Prime Minister on Interior and Legal Affairs Attaullah Tarar, former Member of National Assembly Saira Afzal Tarar, Shahid Hussain Bhatti and SNGPL Managing Director Ali J Hamdani were also present on the occasion. The project which is expected to benefit 57,000…
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Petroleum prices would increase massively in the next fortnightly review, even without a spike in levy and sales tax, as the government aims to please the International Monetary Fund (IMF), The News learnt on Friday. Information gathered from the country’s oil sector showed that the massive depreciation of rupee against the dollar in the last two sessions would not reflect…
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The Sui Northern Gas Pipeline Limited (SNGPL) has claimed to reduce the unaccountable for gas (UfG) losses by 23,348 mmcf which is 28 percent more than the assigned task. The government on October 31, 2019, assigned the task of reduction in the UfG losses of SNGPL by 18,240 mmcf within a period of three years (FY 2019-20 to FY 2021-22)…
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WAPDA Engineering Academy (WEA) is playing a key role in the training of Engineers, Engineers from all over Pakistan are getting excellent results through utilizing this training in their professional life, these views were expressed by the Chairman Faisalabad Electric Supply Company (FESCO) Board of Directors (BODs) Malik Tahseen Awan during his visit to WAPDA Engineering Academy Faisalabad. He said…
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Prime Minister Shehbaz Sharif on Thursday directed the authorities concerned to replace the outdated power grid of Chitral with modern infrastructure to ensure uninterrupted of electricity to residents. He asked the Ministry of Power to collaborate with Pakhtunkhwa Energy Development Board and devise a strategy in this regard. Chairing a high-level meeting to address the problems of electricity in Chitral,…
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A bill designed to limit the Department of Energy’s ability to withdraw crude oil from the nation’s Strategic Petroleum reserve has passed the House, although U.S. President Biden promised previously to veto it. U.S. representatives in the House voted to pass the bill known as The Strategic Response Act, H.R. 21, in a vote 221 to 205, gaining the support…
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The flow of water will soon help power businesses and homes in the UAE with clean energy. A huge hydroelectric power plant is under construction in the rugged Hajar Mountains, outside Dubai, that will utilise the turquoise waters of Hatta Dam. The station is planned for completion towards the end of 2024 and will have a production capacity of 250…
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India has asked Pakistan to change a decades-old water-sharing agreement by barring third parties from intervening in disputes, an Indian government source said, a suggestion likely to rile Islamabad. The neighbours have been arguing over hydroelectric projects on the shared Indus river and its tributaries for many years – a dispute exacerbated by their standoff over Indian Illegally Occupied Jammu…
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