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Month: January 2024

Role of AI in everyday life needs interdisciplinary discourse for promotion of unconventional thinking: Jutice Baqar

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Jutice-Baqar

KARACHI (Jan 24): Caretaker Sindh Chief Minister Justice (Retd) Maqbool Baqar has said that technological advancement, energy conservation, alternate energy resources, and the pivotal role of artificial intelligence (AI) in everyday life have made it essential to carry out such interdisciplinary discourse for promotion of unconventional thinking, breaking the silos and challenging the norms which are gradually becoming obsolete. This…

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E&P companies will be investing over USD 33.3 million in three years in eight blocks

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New-OGDCL

Government of Pakistan on 24th January, 2024 in Prime Minister’s Secretariate, Islamabad, executed Petroleum Concession Agreements (PCAs) and Exploration Licences (ELs) over block no. Kotra East (2867-8), Murradi (2767-7), Sehwan (2667-19) and Zindan-II (3271-9) with Oil & Gas Development Company Limited (OGDCL), Multanai (3168-3) with Pakistan Oilfields Limited (POL), Sawan South (2668-26) with United Energy Pakistan Limited (UEP) – a…

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KE, HUBCO sign MoU for Thar coal power

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KE-HUBCO

KARACHI: K-Electric Ltd (KE) and Hub Power Company Ltd (HUBCO) signed a memorandum of understanding (MoU) on Tuesday to explore the opportunity for off-take of electricity from HUBCO’s Hub plant after its conversion to local Thar coal. The MoU was signed by KE’s chief executive officer Moonis Abdullah Alvi and HUBCO’s chief executive officer Kamran , a statement said. “This…

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Hydropower project: PPIB conveys revised COD to NTDC

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dam-hydro

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has reportedly communicated revised Commercial Operation Date (COD) of 640 MW Mahl hydropower project to National Transmission and Despatch Company (NTDC), well-informed sources told Business Recorder. The project is located on River Jhelum at the boundary between AJ&K, Punjab and Khyber Pakhtunkhwa, and is being developed by Mahl Power Company (Pvt) Limited under…

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PMUs in Discos: Cabinet throws PD’s plan into trash bin

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Power-generation

ISLAMABAD: The Federal Cabinet has reportedly thrown Power Division’s plan of Performance Monitoring Units (PMUs) in Discos (Distribution Companies) into the dustbin saying that blocking passports, CNICs and stopping foreign travel were diversions from real sustainable solutions, well-informed sources told Business Recorder. Sharing the details, the sources said, Power Division apprised the Cabinet in its last meeting that after the unbundling…

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Govt decides to execute mega gas projects

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TAPI-gas

These include IP and TAPI pipelines to meet future consumer demand ISLAMABAD: The top leadership has decided to press ahead with all mega gas projects including the Iran-Pakistan (IP) pipeline to meet the growing consumer demand in future. Sources told The Express Tribune that the Petroleum Division had conducted a study on the requirement and future demand for gas projects.…

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Shamshad again chosen for SSGCL board chair

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Shamshad-Ather

ISLAMABAD: While still in the government, the Petroleum Division has announced the nomination of Caretaker Finance Minister Dr Shamshad Akhtar as chairperson of the board of directors of the state-owned Sui Southern Gas Company Ltd (SSGCL) for another three-year term.“In recognition of her professional dedication and unwavering efforts, the government had nominated Dr Shamshad Akhtar for another tenure as chairperson…

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SAI President demands early issuance of 9 cents power tariff notification

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Power-Tariff

KARACHI: The President, SITE Association of Industry Muhammad Kamran Arbi, while welcoming the decision of the federal government to allow power tariff @ 9 cents / KWh to industrial consumers, has demanded the Govt. to issue the Notification of the same immediately.He said that power tariff reduction to 9 cents/kWh will not only help in restoration of industrial competitiveness and…

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Commitment for CPEC success renewed

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New-CPEC

ISLAMABAD: Pakis­tan and China on Monday renewed their commitment for the success of China-Pakistan Economic Corridor (CPEC) as the two sides expressed their desire for enhanced cooperation in the areas of information technology, economy, agriculture, and human resource development. Both sides expressed this resolve during a series of meetings of visiting China’s Vice Foreign Minister Sun Weidong with President Arif…

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