ISLAMABAD:Liquefied petroleum gas (LPG) production by Jamshoro Joint Venture Limited (JJVL) has hit a snag, pushing the country towards more imports. Legal opinion on extension in a contract between JJVL and Sui Southern Gas Company (SSGC) has been pending before the Law Division since August 21, 2020. On a proposal of the Petroleum Division, the Economic Coordination Committee (ECC) took…
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ISLAMABAD: The Ministry of Industries and Production (MoIP) expects that the new mobile phone manufacturing industry could be larger than the existing automotive industry in the coming years due to high demand and expansion in coverage areas across the country, the Engineering Development Board (EDB) said on Wednesday. In its report, the EDB — which is a technical arm of…
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SLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday notified fuel cost adjustments (FCAs) for K-Electric for 11 months — July 2019 to May 2020 — involving a net relief of Rs2.355bn to consumers. The regulator had completed the public hearing on KE’s FCAs on Feb 23. The combination of monthly FCAs for 11 months came as a blessing…
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PESHAWAR: The Khyber Pakhtunkhwa government on Tuesday signed an agreement with a Chinese company for the construction of the 300-megawatt Balakot hydropower project. The 300MW project — said to be the biggest-ever power generation plant in the province — would be constructed with an estimated cost of Rs85 billion in a period of six years with the financial assistance of…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday notified about 90-paisa per unit increase in electricity rates for ex-Wapda Distribution Companies (Discos) to generate about Rs6.9 billion additional revenue to the troubled power sector. The increase was allowed on account of monthly fuel cost adjustment (FCA) for electricity consumed in January. This would be charged to consumers in…
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LAHORE: The Italian energy company, Eni, has sold its assets in Pakistan to Prime International Oil & Gas Company, a newly established joint venture (JV) between its local employees and Hub Power Company, in line with its 2021-24 business plan to dispose of its non-key assets to raise cash after the global downturn triggered by the Covid-19 pandemic and to…
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Ghani Global Limited (PSX symbol: GGL), a Lahore based Islamic-commerce oriented industrial and manufacturing group, has announced its foray into the manufacturing of sophisticated technology for enhancing energy storage efficiency by way of production of long-life supercapacitor batteries in Pakistan. The project shall be completed in a joint venture arrangement with M/s Kilowatt Labs Inc., New York, USA. The global…
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ISLAMABAD: Power Division and Board of Directors (BoD) of National Transmission and Despatch Company (NTDC) are said to have locked horns on the selection of Managing Director of the Company, sources close to MD NTDC told Business Recorder. The Board wants to appoint Azaz Ahmed as Managing Director of NTDC who is demanding a salary package of $ 15,000 per…
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As an important development in energy sector, the Khyber Pakhtunkhwa* government has signed contract agreement with the Chinese construction company for the construction of 300 MW Balakot Hydro Power Project, the biggest ever project of hydro power generation under the provincial government. The 300 mega watt power project would be constructed with an estimated cost of Rs. 85.00 billion in…
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Syed Amin-ul-Haque, the federal minister for Information Technology and Telecommunication, on Sunday met with Nabeel Haider a 15 year old app- developer hailing from Karachi. Haider had created a WhatsApp like instant messaging app. The IT minister lauded his dedication and efforts, offering him an internship at the National Incubation Centre Karachi. “I met with 15 y/o Nabeel Haider, who…
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