Pakistan offers a world of opportunities due to its geostrategic location, agricultural potential, and wealth of minerals and natural resources. Moreover, it has a burgeoning young population which is almost 60% of the total population and offers a highly potent resource. Why do we then find ourselves in this continually rising debt situation with exports on diminishing lines and imports…
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Low gas pressure irked the residents of different localities of the city for the past few days creating problems for domestic users, especially in the mornings. The residents of Muslim Town, Sadiqabad, Satellite Town, Dhoke Elahi Baksh, Dhoke Khabba, and many other localities have been facing a gas shortage and low gas pressure for the last few days The unannounced…
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State Minister for Petroleum Senator Musadik Malik and Secretary Petroleum Capt (Retd) Muhammad Mahmood visited SNGPL Head Office in Lahore. MD Sui Northern Gas Ali J Hamdani and Senior Management of SNGPL received the dignitaries. The state minister and the secretary petroleum held marathon meetings with the company’s management aimed at devising solutions to ensure provision of gas supply to…
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South Africa’s energy sector is still the most carbon-intensive among G20 countries, a recent report has found. The Climate Transparency Report 2022, released on Thursday, provides a country-specific analysis of the emissions and efforts to address climate change. The research draws on the expertise and assessments from 16 partner organisations across the G20 countries. It is based on data up…
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Saudi Arabia, United Arab Emirates (UAE) and Pakistan are likely to set up a new refinery in the port city Gwadar, Balochistan with a heavy investment and the newly appointed Secretary Petroleum has called an important meeting in this regard on Monday. According to sources, newly-posted Secretary Petroleum Capt (r) Muhammad Mahmood has been striving hard to finalize the establishment…
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Pakistan has informed the United States of its decision to purchase oil from Russia, Pakistan‘s Finance Minister Ishaq Dar announced. “If India can purchase oil from Russia, then we also have the right and there is no reason to stop us from doing so,” Dar told reporters on Wednesday in Islamabad at the All Pakistan Chartered Accountants Conference 2022. “We…
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The Oil and Gas Regulatory Authority (Ogra) has asked the government and the Senate to discourage ‘frivolous’ complaints from vested interests that waste the time of relevant institutions. While replying to a query by the Cabinet Division, the regulator wrote: “Malicious, baseless and motivated complaints only waste governments’ precious time, which may please be discouraged at all levels.” The cabinet…
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Several fuel pumps are operating across the country without licences or due authorization or selling petroleum products other than what they were allowed. These fuel stations are also involved in the hoarding of petroleum products. This was disclosed in the audit reports for accounts of the Petroleum Division and the Oil and Gas Regulatory Authority (Ogra) for the fiscal year…
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Chinese company, CIHC Pak Power Company (Pvt) Limited has sought approval of additional cost on study for conversion of 330-MW Gwadar Port power project from imported coal to Thar coal. In a letter to Managing Director PPIB, Shah Jahan Mirza, company Chairman Zhao Bo has cited the reference to the Meeting Minutes duly issued by PPIB on September 28, 2022…
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Central Power Purchasing Agency-Guaranteed (CPPA-G) has reportedly sought Rs100 billion for Revolving Account for coverage of payment to Chinese IPPs for 5-6 months as per Revolving Account Agreement (RAA), well informed sources in CPPA-G told Business Recorder. Chinese IPPs have been agitating for the last one year on the issue of due payments and urging GoP to open Revolving Account to…
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