PESHAWAR: Strong winds with gusts up to 55 kilometers per hour hit the provincial capital for the second consecutive day on Wednesday causing prolonged power outages. The weathermen call the weather phenomenon ridge and said it would prevail for three to four more days. The windstorm was also reported in some other parts of the province on Tuesday and Wednesday.…
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DUSHANBE: Pakistan on Wednesday assured Tajikistan of making utmost efforts for an early completion of the CASA-1000 project. Foreign Minister Shah Mahmood Qureshi at a joint press conference with his Tajik counterpart Sirajuddin Mehruddin said Pakistan believes that Central Asia-South Asia (CASA-1000) project will not only benefit the two countries, but the entire region. Launched in 2016, the under-construction CASA-1000…
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ISLAMABAD: While increasing tax rates, the government on Wednesday reduced prices of all petroleum products by up to 2.5 per cent for the next 15 days to pass on partial impact of the decline in the international prices. According to a notification issued by the finance ministry, the ex-depot price of petrol was reduced by Rs1.55 per litre and that…
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Imran Maniar, MD, SSGC visited various facilities of the Company’s Hyderabad Region to apprise himself with the progress of various departments and ongoing projects. This was MD’s first visit to Hyderabad Region since his appointment in last February. Amongst others, during the visit, MD was accompanied by Asad Saeed Khan, SGM (HR), Abdul Waheed Jumani, GM In-charge (Gas Distribution Interior…
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LAHORE: The National Transmission and Dispatch Company Ltd (NTDC) have completed the rehabilitation/up-gradation of the existing 130km long 220kV double circuit transmission line from Jamshoro to KDA-33 (Karachi). The NTDC has completed rehabilitation work ahead of the deadline despite difficulties faced during the COVID-19 pandemic. The transmission line is expected to be energized on or before 31st March 2021. The…
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Saif Power Limited (PSX: SPWL) – a subsidiary of the Saif Group – announced its financial performance for 2020 recently, and just as other IPPs, the key highlight was the decline in utilization levels due to lower dispatches of electricity during the year by the independent power producer. SPWL’s net revenues dipped by 40 percent year-on-year where the utilization levels…
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ISLAMABAD: The Petroleum Division has worked out a policy to convert the Thar Coal to Liquid (CTL) and Coal to Gas (CTG) with huge incentives in form of fiscal package for investors, including 10-year income tax waiver. The policy draft identifies the commercial and regulatory framework in which coal can be converted into synthetic gas and synthetic diesel would help…
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Sindh government spokesperson Murtaza Wahab stressed on Tuesday the need to plant trees, pledging that the Sindh government would work towards increasing green areas in the province. He said this while addressing the media after planting trees at Jheel Park as part of province-wide tree plantation campaign launched by the Sindh government. “Everyone looks for shade, but no one is…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday reserved its judgment on increasing power tariff by 91 paisa per unit under quarterly adjustment and 66 paisa per unit on monthly fuel cost adjustment for 10 distribution companies of ex-Wapda. Presiding over two separate public hearings, Nepra Chairman Tauseef H. Farooqui said the fuel cost adjustment for February would…
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ISLAMABAD: The private sector is likely to start import of LNG by April 21, 2021 as grant of unutilised Liquefied Natural Gas (LNG) terminal capacity is currently in process. According to a private sector importer, the private sector has suggested some changes in third-party rules to the Oil and Gas Regulatory Authority (OGRA). “The amendment in OGRA third party rules…
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