ISLAMABAD: Prime Minister Imran Khan has finally given the go-ahead to increase electricity prices aimed at fulfilling a major condition of the International Monetary Fund (IMF) for the revival of $6 billion programme that remained suspended for the last 10 months. The electricity prices could go up by 25% or Rs3.34 per unit on account of annual base tariff increase…
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LAHORE: Gwadar GasPort Limited (GGPL), a joint venture formed by the Pakistan GasPort Ltd, Al-Qasim Gas and Jamshoro Joint Venture Ltd entered into an agreement with Gwadar International Terminals Ltd to move liquefied natural gas (LNG) onto special purpose trucks for regasification at various industrial sites across the country. Through an agreement signed at a ceremony, the GGPL will commence…
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ISLAMABAD: The new private sector companies seeking entry into liquefied natural gas (LNG) business without government guarantees appeared to be moving in circles as the public sector stakeholders blamed each other for uncertainties relating to enabling environment and infrastructure. This was the overriding sense of a public hearing conducted by the Oil & Gas Regulatory Authority (Ogra) on the request…
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ISLAMABAD: In a major move to gradually deregulate gas tariffs, the state-run liquefied natural gas (LNG) importer on Thursday expressed intention to grant capacity to the private sector – a decision that had so far been pending due to acquisition of surplus capacity of LNG terminals by the government. A representative of Pakistan LNG Limited (PLL) said they could not…
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Sindh Govt to take emergency corrective measures to overcome worrisome shortage of fire tenders, firemen in Karachi: LG MinisterKarachi: Sindh Information and Local Government Minister Syed Nasir Hussain Shah has said that the provincial government is taking emergency corrective measures to repair the faulty fire engines and overcome the shortage of staff being faced by the Karachi’s fire brigade.“I recently…
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KARACHI: Sui Southern Gas Company (SSGC) has jacked up procurement of imported liquefied petroleum gas (LPG), and issued 15 tenders for supply of locally available imported LPG with delivery windows ranging January to June 2021. The southern gas utility supplies synthetic natural gas during high demand as an alternate to piped gas. SSGC would procure at least 37,500 metric tons…
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The government has constituted a committee to address Sui Southern Gas Company’s (SSGC) repeated claim of recovering RLNG losses worth Rs7.7 billion from consumers of imported gas after the Oil and Gas Regulatory Authority (Ogra) rejected the claim. “As per directives of the adviser on finance and revenue, a two-member committee comprising Ministry of Finance secretary and Ministry of Energy…
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Despite rising COVID-19 cases, Pakistan’s industrial sector shows a recovering trend due to the Government’s smart lockdown policy, according to a recent tweet on the State Bank of Pakistan’s (SBP) official twitter page. SBP reports that easing of lockdowns has resulted in growth in power generation and petroleum product sales during the first quarter of FY21. Power generation witnessed a…
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Ali Zaidi, a Pakistani born 33-year-old will be serving as a climate policy advisor to Biden’s administration. He will be named as deputy to the president of the Natural Resources Defense Council (NRDC), Gina Mc Carthy, who will be spearheading the Biden administration’s domestic climate policy. NDRC is an international nonprofit environmental advocacy group based in New York. Zaidi came…
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There is no other way to summarize the rather shocking findings of the “Report of the Inquiry Commission on Shortage of Petroleum Products in Pakistan.” Some of the harrowing details pointed out by the commission should send shivers down the collective spines of those responsible. But the fact that it is only an inquiry report, will offer collective comforts to…
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