Oil Marketing Companies (OMCs) have concerns over terms of references (ToRs) to be developed by the Oil and Gas Regulatory Authority (OGRA) with the specified timeline regarding the deregulation of petroleum products, The News learnt on Monday. The deregulation of prices would provide OMCs the liberty to fix prices of petroleum products based on their cost of local procurement /…
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The Economic Coordination Committee (ECC) is likely to approve arrangements between Pakistan LNG Limited (PLL) and Pakistan GasPort Consortium Limited (PGPCL) to utilise the excess capacity of an LNG terminal. LNG operators have been urging the government to allow the utilisation of idle capacity of terminals as under-utilisation places a burden of multibillion-rupees on consumers on account of capacity charges.…
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The National Electric Power Regulatory Authority (Nepra) on Monday notified Rs4.34 per unit additional fuel cost adjustment (FCA) for ex-Wapda Distribution Companies (Discos) for electricity consumed in July to provide Rs69 billion additional funds to cash-starved entities in September’s bills. The regulator “has reviewed and assessed an increase of Rs4.34 per kWh in the applicable tariff for Discos on account…
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The Asia-Pacific Group (APG) on Money Laundering has rated Pakistan’s level of effectiveness as ‘low’ on 10 out of 11 international goals on anti-money laundering and combating the financing of terror (AML/CFT), even though the country is now compliant on 38 out of 40 technical recommendations. The Sydney-based regional affiliate of the Financial Action Task Force (FATF) released an update,…
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Heat pumps are becoming all the rage around a world that has to slash carbon emissions rapidly while cutting energy costs. In buildings, they replace space heating and water heating – and provide cooling as a bonus. A heat pump extracts heat from outside, concentrates it (using an electric compressor) to raise the temperature, and pumps the heat to where…
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Prime Minister’s Office (PMO) has given the deadline of a couple of weeks for mapping 6000-MW solar projects across the country and proposed tariff along with indexation to attract international investment. These directions were issued at a meeting on September 5, 2022, presided over by Special Assistant to Prime Minister on Effective Governance, Dr. Jehanzeb Khan, a close relative of…
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Äager is an innovative environmental process, emission & air pollution controlequipment manufacturing and engineering company, participating at ADIPEC2022 between October 31 to November 3 in the 13th hall, at the GermanPavilion.Hosted by the Abu Dhabi National Oil Company (ADNOC), ADIPEC is the world’smost influential gathering for energy industry professionals. This year ADIPECwill accelerate the energy transition and unlock real value…
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Petroleum dealers on Saturday warned the government of a countrywide strike if the latter tried to railroad the proposed oil sector deregulation plan without bringing them and other stakeholders on board, The News has learnt. “We will reject the decision, if taken behind our back,” said Abdul Sami Khan, Chairman Pakistan Petroleum Dealers Association (PPDA), at a ceremony. “It is…
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Pakistan can’t win for losing. The South Asian country of over 230 million people was already hit by a perfect storm of economic and political difficulties this year; it has now been devastated by the most severe and catastrophic flooding in recent memory. Over 1,400 people and 800,000 livestock have died, about 1 million homes have been destroyed, and more…
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Climate change is playing havoc with the economic and social fabric of the country. The numbers are grim and point towards the enormity of the challenge ahead. The recent floods have inundated more than 250,000 km2 of land. Agriculture crops have been destroyed over an area of one million acres. Millions of animals are facing acute shortage of fodder, which…
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