Imran Khan, the incarcerated founding chairman of PTI and former prime minister, issued a stern warning to the government, stating that countrywide protests would erupt if power and gas tariffs were further increased. Speaking from Adiala jail, Khan emphasized the need for a government aligned with public mandate to stabilize Pakistan’s economy. He expressed concerns that additional taxation could worsen…
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Chairman of the Water and Power Development Authority (WAPDA), Engr Lt Gen Sajjad Ghani (Retd), recently visited the Mohmand Dam Project to assess construction advancements. During his inspection of key sites including diversion tunnels, the power house, and the spillway, he underscored the project’s vital role in meeting Pakistan’s water and energy demands. Accompanied by project officials, consultants, and contractors,…
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Amidst heightened demand during the harvesting season, the Oil & Gas Regulatory Authority (OGRA) has directed oil marketing companies (OMCs) to ramp up their uptake of high-speed diesel (HSD) from refineries. This move aims to ensure a smooth supply chain and cater to the surging demand for diesel across Pakistan. OGRA’s directives come in response to reports indicating a relatively…
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In a bid to address unjustified price hikes in fertilizers and ensure fair treatment for farmers, the government is working on a comprehensive gas pricing plan for the fertilizer sector. Recent discussions in the Economic Coordination Committee (ECC) highlighted the need for a holistic approach to stabilize fertilizer prices, emphasizing the importance of passing on subsidized gas benefits to farmers.…
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In a significant move aimed at easing the financial burden on its citizens, the Azad Jammu and Kashmir (AJK) government has announced substantial subsidies in electricity prices. This decision comes shortly after the federal government’s approval to release twenty-three billion rupees from the national exchequer to address the issue effectively. Prime Minister Azad Kashmir Chaudhry Anwaar ul Haq, in a…
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Due to the increase in smuggling, the import of oil and production of the refinery has decreased, Malik Khuda Bakhsh Karachi (12th May 2024) Due to the decrease in oil prices in the global market and the increase in oil smuggling in the country and the decrease in the consumption of imported petrol, there is a possibility that the government…
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Madrid, Spain, May 7th, 2024 – LONGi Green Energy Technology Co. today announces that the company has broken another world-record for silicon solar cell efficiency only 4 months after it last set a world-record in this area. As certified by Germany’s Institute for Solar Energy Research Hamelin (ISFH), new silicon heterojunction back-contact (HBC) solar cells designed by LONGi have reached an efficiency of 27.30% under…
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The Private Power and Infrastructure Board (PPIB) anticipates that the completion of KE’s 220 kV Dhabeji Grid Station and the NTDC transmission line will alleviate power curtailments for existing wind projects. Wind Independent Power Producers (WIPPs) recently highlighted increasing curtailments, primarily attributed to low local demand in the HESCO area and system-wide transmission constraints since 2022. PPIB notes that compensation…
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During a session titled “Powering Pakistan’s Future: Strategies to Address the Energy Crisis,” jointly organized by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Business Recorder, experts emphasized the critical need for energy conservation and industrialization to combat Pakistan’s energy challenges. Finance Minister Muhammad Aurangzeb graced the event as the chief guest. Dr. Fiaz Ahmed Chaudhry from…
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Iraq recently concluded an oil and gas licensing round aimed at developing its vast gas reserves and attracting significant investments. The round, which featured 29 projects across 12 governorates, including an offshore exploration block in the Arab Gulf waters, saw Chinese companies securing contracts for five fields. Zhongman Petroleum and Natural Gas Group acquired rights to the Northern Extension of…
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