ISLAMABAD: After constitution of a committee on construction of new Liquefied Natural Gas (LNG) terminals, the gas utilities are said to have expressed concerns over supply issues in the existing pipeline network based on the government’s plan for providing gas to new domestic consumers and other sectors. Last week, a meeting at the Ministry of Maritime Affairs constituted a six-member…
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Inflation concerns in Islamabad are getting more and more obvious by the day. Petroleum prices were reduced for the first time since mid-November 2020. A 2.6 percent decrease in benchmark Arab light crude oil coupled with 1 percent appreciation in rupee – over the previous fortnight, made it easier for the government to reduce petrol and HSD prices by 1.4…
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A chartered accountant by profession, Syed Moonis Abdullah Alvi’s career spans over three decades in the finance industry with a focus towards driving operational efficiencies, financial planning and capital restructuring. He has been associated with K-Electric in various positions. Mr. Alvi joined K-Electric in 2008 and has served as K-Electric’s Chief Financial Officer. He has also served as KE’s Company…
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KARACHI: Managing Director of Sui Southern Gas Company Ltd Imran Maniar visited Site Association and met with Zubair Motiwala, President Site Association, Javaid Bilwani, Salim Parekh, Younus Bashir and other members of the association along with multiple industrialists who were present at the occassion. Representing SSGC were Saeed Ahmed Larik – DMD UFG, Brig Abuzar (R), Shahbaz Islam and Asif…
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Those who come to Britain from countries on the red list will be refused entry, while returning Britons must submit to 10 days of mandatory quarantine in hotels. In his message, Turner said that direct flights between Pakistan and the UK would continue to operate but schedules could change. During their quarantine, people from red list countries will have to…
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LAHORE: The launching of flagship China Pakistan Economic Corridor (CPEC) 4,000mw South-North transmission line project has been delayed to September 2021, making grid stability and power affordability another pipe dream for now, The News has learnt. The delay has been attributed to outstanding work, pending on the part of both state-owned transmission company and the contractor. According to the Memorandum…
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A funding of $120 million has been approved by the World Bank for Prime Minister’s Green Stimulus Initiative and it can be utilised by Pakistan to boost green jobs for workers who have been laid off due to Covid-19, said World Bank Country Director for Pakistan Najy Benhassine. Talking to Special Assistant to Prime Minister on Climate Change Malik Amin…
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ISLAMABAD: In a monthly price review, the Oil and Gas Regulatory Authority (Ogra) has slashed the prices of domestic and commercial LPG cylinders with effect from Thursday (April 1). On Wednesday, the Ogra notified new LPG prices for domestic and commercial LPG consumers owing to decrease in prices of LPG internationally and low consumption. The regulatory body announced to reduce…
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The government is planning to increase the number of hydroelectric power projects in order to take the share of renewable energy to higher levels, said National Electric Power Regulatory Authority (Nepra) Chairman Tauseef H Farooqui. Sharing his views at a webinar titled “Impact of Covid on Energy Sector of Pakistan: Opportunities and Challenges”, organised by the Sustainable Development Policy Institute (SDPI), Farooqui…
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ISLAMABAD: Prime Minister Imran Khan on Wednesday called upon the major economies to pursue a holistic approach towards climate change and galvanize supportive finance for Pakistan and other vulnerable countries braving the climatic challenge. “We expect this to be a moment for the world’s major economies to come forward and galvanize supportive finance for responsible countries like Pakistan, that are…
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