ISLAMABAD: The prices of petroleum products will remain unchanged until June 30, Finance Minister Ishaq Dar announced in a televised statement on Thursday. During the previous two rounds, the prices of petroleum products were significantly reduced, with high-speed diesel and petrol seeing reduction of Rs35 and Rs20 respectively, according to the minister. The minister explained that although the prices of…
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ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) said on Thursday it had started production at its Wali gas field in the district of Lakki Marwat, Khyber Pakhtunkhwa province. The company said it would initially produce 10 million standard cubic feet per day (mmscfd) of gas and 1,000 barrels per day (bpd) of oil from the field. “The operator of…
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ISLAMABAD: The Saudi company M/s Aljomaih Power has reportedly expressed its serious concerns over undue delay in resolution of issues related to K-Electric and nominated Habibullah Khan as its representative for meetings with government functionaries to sort out pending issues. In a letter to Prime Minister Shehbaz Sharif, Aljomaih Managing Director Abdulaziz Hamad Aljomaih referred to his meetings with him…
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ISLAMABAD: France signed a credit facility agreement of 180 million euros with Pakistan on Wednesday to finance the National Transmission and Dispatch Company (NTDC) for improving the transmission of electricity in the country. The Federal Secretary of the Economic Affairs Division (EAD) Dr. Kazim Niaz, Ambassador of France to Pakistan, Mr. Nicolas Galey, signed the agreement in the presence of…
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100% Renewable Energy: Essential Response to the Climate Crisis Bonn, 15 June 2023 – On the occasion of the UN Climate Change Conference SB58 currently taking place in Bonn, the Global 100% Renewable Energy Platform and its members call on the world community to focus on 100% renewable energy as the primary tool that alone can ensure sustainable development, help…
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ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the framework agreement between Pakistan LNG Limited (PLL) and State Oil Company of Azerbaijan Republic (SOCAR) for LNG import and funding of Rs157.734 million for the Heavy Electrical Complex (HEC). The ECC also approved Rs404.769 million to meet maintenance requirements of the 6-Aviation Squadron. Top official sources said that…
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KARACHI: Taj Gasoline (Private) Limited on Wednesday announced an intention to acquire at least 41 percent stake in Hascol Petroleum Limited. In a notice to the Pakistan Stock Exchange, AKD Securities Limited, manager to the offer by Taj, made the announcement. “On behalf of the acquirer, we are pleased to submit a public announcement of intention to acquire at least…
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KARACHI: The Sui Southern Gas Company (SSGC) on Wednesday suspended gas supply to all industries in a bid to combat the possible adverse impact of Cyclone Biparjoy. In a statement, the company said it had stopped gas supplies to all industries including their units for power generation, fertiliser sector and CNG stations. “This decision has been taken in the backdrop…
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KARACHI: Petrol price would likely witness some decrease in the next fortnight when the government would revise the prices of petroleum products, The News learned on Wednesday. However, the price of diesel would likely jump by Rs5/litre in the next fortnight review of its price, industry people said. They noted that price would likely fall from three to five rupees…
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The Intersolar Europe 2023, one of the world’s leading exhibition for the solar industry, kicked off in Munich, Germany on June 14, 2023. At the exhibition site, LONGi announced the new conversion efficiency of 33.5% for silicon-perovskite tandem solar cells based on commercial CZ silicon wafers. According to the European Solar Test Installation (ESTI), LONGi has achieved conversion efficiency of 33.5% for…
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