SAIC Motor Corporation Limited, China’s largest automobile manufacturer, is to enter Pakistan’s first-ever private sector Special Economic Zone (SEZ) in Raiwind, Punjab, JW SEZ China-Pakistan SEZ, with an estimated FDI of Rs. 663 million and local investment of Rs. 637 million. The company plans to start manufacturing Electric Vehicles currently (EVs) in Pakistan with its local partner, JW-SEZ. It is…
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LAHORE: The Pakistan LPG Marketers Association (PLPGMA) has demanded the Oil and Gas Regulatory Authority (OGRA) to take stakeholders on board on the proposed LPG Policy 2021, a statement said on Friday.https://9b7624a5b1534cb434d3f5ddef8e4fec.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html In a letter written to the OGRA chairman, PLPGMA Chairman Farooq Iftikhar said that the Ministry of Energy, under the guidance of LG’s Director-General, has hastily and surreptitiously…
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ISLAMABAD: The Water and Power Development Authority (Wapda) on Thursday awarded a $354.6 million worth of contract to Power Construction Corporation of China Ltd (PCCCL) for civil works of the 1,530MW Tarbela 5th Extension Hydropower Project after completion of an international competitive bidding process. The contract was signed by Project Director Tarbela 5th Extension Project Muhammad Azam Joya and PCCCL…
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Mumbai architecture firm NUDES has designed Solar Mountain, which could become a permanent installation on Burning Man’s 3,800-acre ranch in Nevada and produce 300 MWh of electricity annually. The design features an array of solar panels fanning out from a central spine. Construction is planned with modular design elements of recycled wood and other environmentally friendly materials. It would include…
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Federal Minister for Privatisation Mohammad Mian Soomro chaired an inter-ministerial meeting in Islamabad to discuss and resolve issues regarding privatisation of energy sector entities Special Assistant to Prime Minister on Power and Petroleum Tabish Gohar, Privatisation Federal Secretary Hasan Nasir Jamy and other seniors of the ministry attended the meeting. NPPMCL Chief Executive Officer Dhanpat Kotak and the financial adviser…
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Federal Minister for Privatisation, Mohammedmian Soomro Thursday chaired an inter-ministerial meeting to discuss and resolve the issues regarding privatisation of energy sector entities. SAPM on Power and Petroleum Tabish Gohar, Federal Secretary Privatisation Hasan Nasir Jamy and other seniors of the ministry attended the meeting. The CEO NPPMCL Dhanpat Kotak and financial advisor participated via video link. Various issues relating…
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During the visit, the Prime Minister’s consultations with the Saudi leadership will cover all areas of bilateral cooperation including economic, trade, investment, energy, job opportunities for Pakistani workforce, and welfare of Pakistani Diaspora in the Kingdom. As Prime Minister Imran Khan is set on a three-day official visit to the Kingdom of Saudi Arabia, Pakistan is eyeing to grab KSA…
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At around 0540 hours GMT on March 23 last, a Panama-flagged 200,000-tonne 400-metre-long cargo container carrier MV Ever Given ran aground in the Suez Canal. It clogged one of the world’s busiest waterways. Longer than four football fields and wedged across the Egyptian-administered Canal, the vessel caused a traffic jam on both ends. The Ever Given, registered in Panama and…
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The Oil and Gas Regulatory Authority has reduced the price of liquefied petroleum gas by Rs12.38 per kilogram, it announced Friday. A kilogram of LPG will now cost Rs133.25, according to a notification issued by Ogra.The price of an 11.8kg domestic cylinder has been reduced from Rs1,718 to Rs1,575. Related: Pakistan petroleum prices to remain unchanged for next 15 days.…
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Pakistan’s budget deficit has widened to Rs1.652 trillion in the first three quarters of the current fiscal year (July-March 2021), despite Rs413 billion budget surplus by the provinces, according to the Finance Ministry. A summary of consolidated federal and provincial fiscal operations for July-March 2021 uploaded by the Finance Ministry on its website, revealed that fiscal deficit as percentage of…
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