ISLAMABAD – Gas transportation from the Sui field in Balochistan faced disruptions for three weeks due to a protest by the CBA union following the termination of an employee accused of theft. The protest, which risked critical energy supplies to industries, power plants, and households, ended after the employee was proven guilty by a court of law. The dispute began…
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ISLAMABAD – A constitutional bench of the Supreme Court, led by Justice Aminuddin Khan, on Monday accepted petitions urging a declaration that providing affordable power supply is the federal government’s constitutional duty under Article 9. Notices were issued to the attorney general after the bench removed registrar’s office objections to the petitions. Prominent petitioners include FPCCI Vice President Zaki Aijaz…
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ISLAMABAD – The government is contemplating legal action against the consultants of the Neelum-Jhelum Hydropower Project (NJHP) following repeated structural faults in the Rs500 billion project, which has deprived the country of an affordable and environmentally friendly power supply. Prime Minister Shehbaz Sharif is expected to make a final decision after consultations with stakeholders, as a special committee examines the…
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Karachi, December 2, 2024 – Bank Alfalah has achieved a remarkable milestone at the Pakistan Banking Awards 2024, securing the ‘Best Bank for Digital Excellence’ award for the third consecutive year and the ‘Best Bank for Customer Engagement’ award for the sixth time since 2016. These accolades reflect the Bank’s commitment to innovation and customer-centricity. The recognition for digital excellence…
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Ankara, Türkiye – A celebratory event was held at Pakistan House in Ankara to mark the 77th anniversary of diplomatic relations between Pakistan and Türkiye. The occasion was graced by prominent Turkish leaders, including Former Foreign Minister and Member of Parliament Mevlut Cavusoglu, Chairperson of the Human Rights Investigation Commission of the Turkish Parliament MP Derya Yanik, Former Deputy Prime…
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Thar coal produces power for Rs 4.8/KWh compared to imported coal at Rs 19.5/ KWh KARACHI (Dec 2): Sindh Chief Minister Syed Murad Ali Shah stated that Thar Coal is the most affordable source of electricity generation in the country, however, due to transmission constraints, there are instances when the delivery of this inexpensive power is hindered, preventing the full…
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Aimed to reduce energy costs and reliance on imported coal, the federal government has decided to shift the coal-based power plants at Jamshoro, Thal, and Sahiwal to utilize locally sourced Thar coal. The decision was finalized during the 28th meeting of the Thar Coal and Energy Board, chaired by Sindh Chief Minister Syed Murad Ali Shah. Key federal and provincial…
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SINGAPORE: State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with liquefied natural gas (LNG) for delivery to China. The deal is for the supply of three million metric tons per annum year of LNG, said QatarEnergy in a statement on Monday, adding that the agreement will start in January…
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HOUSTON: Oil prices rose on Monday, as strong factory activity in China buoyed hopes of higher demand, and as escalating tensions in the Middle East, where Israel resumed attacks on Lebanon despite a ceasefire deal, spurred supply concerns. Brent crude futures climbed 36 cents, or 0.49%, to $72.20 a barrel by 10:44 a.m. EST (1544 GMT) while U.S. West Texas…
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GoodWe, a global leader in solar inverter manufacturing and energy solutions, has been named among the Top 30 Brands in the 2024 Forbes China Go-International Series. This recognition highlights the company’s outstanding achievements in globalization, innovation, and its role in shaping global markets. At the award ceremony, Cameal Yu, International Marketing Director of GoodWe, expressed gratitude for the recognition: “This…
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