The Khyber Pakhtunkhwa government has initiated a pilot project to make liquefied petroleum gas (LPG) from plastic waste, but it is facing problems due to non-cooperation among relevant departments. The provincial government had also launched such projects in the past, but none of these projects is functional. Adviser to Chief Minister on Information Kamran Bangash had inaugurated the project in…
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ISLAMABAD, Oct 5 (Reuters) – Pakistan will ramp up spot buying of liquefied natural gas (LNG) from the international market, seeking up to six cargoes for December, its procurement subsidiary said on its website, as the country prepares for a potentially crippling gas shortage. December and January see the largest spike in demand for gas in Pakistan, but this year…
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The federal government is abolishing Rs. 143 billion Liquefied Natural Gas (LNG) agreements inked by the Pakistan Muslim League-Nawaz (PML-N) government. Federal Minister for Planning and Development, Asad Umar, revealed this while speaking in a TV show on Thursday. The federal minister noted that the country will incur an overall burden of Rs. 1,000 billion due to these LNG agreements.…
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The Department of State and USAID have launched the COVID-19 Private Sector Engagement & Partnership Fund with an additional $10 million in new assistance funds. The Fund has been established to strengthen the efforts of the private sector and bolster ongoing response efforts, helping the world’s most vulnerable overcome the devastation inflicted by the COVID-19 pandemic. What is the purpose of the Fund? 1) To create a formal and…
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The solar power is the way forward for Pakistan to safeguard its energy security and to lower the basket price of electricity for the consumers in the country.This was stated by CEO of Alternative Energy Development Board (AEDB) Dr Rana Abdul Jabbar Khan in his keynote address at the 1st Virtual Conference on Solarization of Pakistan organized by the Energy…
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The circular debt was around Rs2 trillion by June 20. The toll is still growing, and without doing anything, it will grow at a faster pace. Out of this Rs2 trillion, around half is on PHPL books and the remaining half is on CPPA-G balance sheet. PHPL debt is being paid off to power suppliers and has nothing to do…
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The solar power is the way forward for Pakistan to safeguard its energy security and to lower the basket price of electricity for the consumers in the country.This was stated by CEO of Alternative Energy Development Board (AEDB) Dr Rana Abdul Jabbar Khan in his keynote address at the 1st Virtual Conference on Solarization of Pakistan organized by the Energy…
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Federal Minister for Energy Mr. Omar Ayub Khan and Special Assistant to the Prime Minister (SAPM) on Petroleum, Mr Nadeem Babar accompanied by Secretary Petroleum, Mian Asad Hayaud Din visited the country’s flagship oil company, Pakistan State Oil (PSO). Chairman, PSO Board of Management, Mr Zafar I. Usmani, Chief Executive Officer & Managing Director PSO, Syed Muhammad Taha and the…
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ISLAMABAD: With the lowest GDP growth of 0.5% among all South Asian nations, the World Bank (WB) has warned Pakistan about external financing risks that could be compounded by difficulties in rolling-over bilateral debt from non-traditional donors and tighter international financing conditions. The WB’s report on South Asia reveals that regional growth was expected to rebound to 4.5% in FY21…
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Mian Anjum Nisar, President FPCCI has demanded urgent solution for the problem of urban flooding and water shortage in Karachi, at a dinner reception hosted by Mr. Obaid Saleem Patel, Convener FPCCI Standing Committee on “Urban Development and Mr. Saleem Qasam Patel, CEO M/s. Basic Const Group. President FPCCI said that in recent years, Karachi city has been facing severe…
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