The federal government has proposed a liquefied petroleum gas (LPG) policy that may leave the least developed province disadvantageous. Daily Times has obtained policy recommendations of a subcommittee of the Cabinet Committee on Energy, which canvass policy shift designed to defeat land imports of LPG with the objective of benefiting imports by sea. “As the land import does not attract…
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Federal Minister for Energy Omer Ayub Khan on Friday said present government was clearing liabilities of the previous regimes in the power sector that had been incurring huge losses to national exchequer. Taking part in the debate in the National Assembly regarding inflation, he said that the previous government had somehow planted “landmines” in the foundation of economy. He said…
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The government is planning to issue a $500 million green bond in the next few months to help boost its development of hydroelectric power. The bond, denominated in euros, will be the government’s first to fund environmental goals, Malik Amin Aslam, Adviser to Prime Minister Imran Khan on Climate Change, said in an interview with Bloomberg. It is set to…
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HYDERABAD: Although blessed with the Indus River, lakes, mountain streams and subsoil water, Sindh and its people continue to face myriads of water-related problems, ranging from shortage of water supply to contamination. Keeping this in view, the provincial government embarked upon the gigantic task of formulating an all-encompassing water policy, covering urban to rural water supply and drainage, over three…
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ISLAMABAD: The electricity rates for consumers of 10 distribution companies (Discos) of ex-Wapda may go up by about 93 paisas per unit on account of monthly fuel cost adjustment for January due to higher than estimated power generation cost. The National Electric Power Regulatory Authority (Nepra) will take up for public hearing on Feb 25 the Discos’ petition seeking increase…
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KARACHI: National Electric Power Regulatory Authority (Nepra) delegation led by its chairman Tauseef Farooqi, visited K-Electric’s (KE) 560 MW Bin Qasim Power Plant (BQPS) – II and also reviewed the development work at the adjacent 900 MW RLNG-fired Bin Qasim Power Plant (BQPS) – III. As per KE officials, the delegation included vice chairman and member Punjab Saif Ullah Chattha,…
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LAHORE: The LPG importers on Thursday warned that complete shutter down and strike will be observed on March 1 if the government imposes additional tax of Rs 4,669 per metric ton on LPG import from the land route as proposed by Ministry of Planning Development. Addressing a joint press conference in Lahore on Thursday, LPG Industries Association chairman Irfan Khokhar,…
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ISLAMABAD: The Central Power Purchasing Agency (CPPA) on Friday requested the National Electric Power Regulatory Authority (Nepra) for an increase of Rs0.92 in the electricity tariff in the context of January’s fuel price adjustment. According to CPPA, more than seven billion units of electricity were produced in January costing about Rs51,660,000,000, at [an average of ] about Rs5.75 per unit. “Expensive furnace…
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KARACHI: Mari Petroleum’s profit inched up 0.68% to Rs7.33 billion in the quarter ended December 31, 2020 owing to a significant decline in other expenses and a modest rise in revenue. According to a notice sent to the Pakistan Stock Exchange on Thursday, the oil exploration firm had reported a profit of Rs7.29 billion in the same quarter of 2019. Accordingly,…
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KARACHI: There is a new urban forest coming up by the seashore in Clifton, but to write about it, one first needed to find it. Taking directions from Shahzad Qureshi, the person already known to have transformed much of his adopted park into an urban forest by using the Miyawaki method, one reached the spot all right. First a greenhouse…
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