The solar industry in Pakistan deserves a special and viable tax regime to enable it to unlock its true potential and to help the country in its drive to become self-reliant and independent in the energy sector with the least harm to the environment. This demand was made by the representatives of the solar industry who participated in the webinar…
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The Pakistan Red Crescent Society (PRCS) and the Oil & Gas Development Company Limited (OGDCL) have signed an MoU under which the latter will donate an X-ray machine to the Red Crescent Corona Care Hospital, Rawalpindi. The MoU was signed by PRCS Chairman Abrar ul Haq and OGDCL MD/CEO Shahid Salim Khan on behalf of their respective organizations at a…
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The petroleum company is trying to erase its history. But with billions of rupees missing, auditors resigning, and law enforcement agencies taking unprecedented interest, that is proving to be a little difficult. It is September 2019, and Mumtaz Hasan Khan is a confident man. And why wouldn’t he be? He is the chairman of Hascol Petroleum, a company that has…
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In line with increased demand, Thal Limited – a subsidiary of the House of Habib – is setting up a manufacturing plant for polypropylene woven bags in Hub with an investment of Rs1.7 billion. “Polypropylene bags are used for multiple purposes ranging from the packaging of fertiliser and sugar to finished agricultural products,” said Topline Securities Deputy Research Head Shankar…
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K-Electric Chairman Shan Ashary, along with board of directors member Khaqan Khan and CEO Syed Moonis Abdullah Alvi, called on Federal Minister for Finance and Revenue Shaukat Tarin on Tuesday. The chairman briefed the finance minister about operations of K-Electric as the main power utility, which met the electricity requirement of Karachi. He apprised the minister of the challenges being…
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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has appointed an independent third-party inspector for conducting testing of gas meters of industrial and commercial gas consumers to address consumer complaints of overbilling and one-sided fines. “It is circulated for information of industrial and commercial consumers of natural gas/ RLNG that the authority in pursuance of Clause 8.2 of Natural Gas…
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ISLAMABAD: Prime Minister Imran Khan on Tuesday asked the finance and power ministries to sit together and devise a formula to retire the mammoth Rs900 billion circular debt in the power sector without putting any additional burden on electricity consumers. Presiding over a cabinet meeting, the prime minister expressed the fear that circular debt might go up to Rs1.5 trillion…
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The refining sector was facing problems even before the pandemic, recall my article two years ago, “Stringent condition: new regulation requires refineries to modernise”, where I highlighted a crisis-like situation for refineries in Pakistan post-IMO 2020 era. Lo and behold, the exogenous event of Covid-19 pandemic has now posed an existential threat to the already fragile and outdated refining sector in Pakistan.…
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The African Energy Chamber is disappointed about Total’s decision to declare force majeure on its Mozambique LNG Project. While the chamber stands in solidarity with Mozambique and Total and all energy investors, we believe the declaration of force majeure could have been prevented and comes prematurely. We encourage all parties involved to have a better and more open conversation to…
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During his campaign for the United States presidency, Joseph Biden promised to reverse his predecessor’s indifference towards the problem of global warming and palpable climate change. As the head of the American state for four years — from 2017 to 2021 — Donald Trump took a number of decisions that ignored climate science about global warming. He called the worry…
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