The newly elected President of the Federation of Pakistan Chambers of Commerce and Industry Irfan Iqbal Sheikh Tuesday urged the government and private sector to join hands for raising forest cover from 5 to 25 percent to meet the ever-growing needs of the furniture industry in the country. Talking to Mian Kashif Ashfaq, CEO of Pakistan Furniture Council (PFC) today…
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National Electric Power Regulatory Authority (Nepra) approved a fuel charge adjustment (FCA) of Rs.1.0751 per kWh for K-Electric (KE) for the month of October 2021, a notification said on Tuesday. NEPRA notified the FCA for KE that had applied for the adjustment, after a hearing held on Nov 30, 2021. The authority approved the FCA of Rs. 1.0751/kWh for Oct…
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Pak-Arab Refinery Limited (PARCO) has received Rs72,000 per tonne bid for export of its high sulfur fuel oil (HSFO) against the ex-refinery price of Rs86,000 per tonne, The News learnt on Tuesday. PARCO floated the tender for sale of its HSFO, which the company has started to store at Port Qasim for export purposes. It has stored 46,000 tonnes of…
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KARACHI: Both the Renewable & Alternative Energy Association of Pakistan (REAP) and the Pakistan Solar Association (PSA) have urged the federal government to immediately withdraw its proposal to impose 17 per cent GST on solar and wind power generation equipment as otherwise Pakistan’s continuing drive to ensure its energy security through clean power sources would be severely compromised. A press…
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There are up to 85 locations across motorways, which are available for the development of DC-fast charging infrastructure for Electric Vehicles (EVs) to prevent ‘range-anxiety’ in adoption of modern electric cars in the country, a report identified. Titled ‘Developing Electric Vehicle Charging Infrastructure Across Highways and Motorways of Pakistan’, the report was prepared to highlight the issues and potential being…
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The most recent wake-up call for the Pakistani elite was last week’s mini budget. Nearly every aspect of this mini budget exposes a profound crisis at the heart of what is and what will be Pakistan for the over 110 million Pakistanis below the age of 23. Let’s count some of the more obvious crises to begin with. Shaukat Tarin,…
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Sui Southern Gas Company Ltd (SSGCL) has said that it is facing a shortfall of around 240-250 million cubic feet per day (mmcfd) of gas primarily because of depleting indigenous supplies and constant increase in demand. Clarifying a news report published in Dawn’s Jan 2 issue under the headline ‘Eight-hour gas supply hampering Karachi export industry’, the gas utility said…
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The government’s decision to impose 17 per cent sales tax on solar panels, inverters and related equipment will jeopardise the very essence of the National Renewable Energy Policy which aims to acquire a 30 per cent share of renewables in energy mix by 2030. Pakistan Solar Association chairman Rana Ghulam Abbas said the increase in prices of solar energy systems/equipment…
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Draft European Union plans that would allow nuclear and gas energy to remain part of the bloc’s path to a climate-friendly future came under immediate criticism over the weekend from both environmentalists and some governing political parties in EU member nations. In draft conclusions, the EU’s executive commission proposes a classification system for defining what counts as an investment in…
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Pakistan’s prime oil and gas exploration company, OGDCL has discovered huge oil and gas reserves in the Wali block near Lakki Marwat in KP. The find is being estimated as the biggest one in the last decade, top sources in the Energy Ministry told The News on Sunday. “The Wali block reserves are considered equal or more than the reserves…
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