“According to my personal sources, the Chinese are not happy with the current progress of CPEC projects as they have approached me to help remove the bottlenecks,” Chairman of the committee Saleem Mandviwala said. The chair asked Special Assistant to Prime Minister on CPEC Affairs Khalid Mansoor to take the responsibility of early completion of under construction projects and removing…
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Gas shortages for industries, especially in winters, will end after installation of third liquefied natural gas (LNG) terminal at the Port Qasim in a year or two, said Sui Southern Gas Company Ltd (SSGCL) managing director Imran Maniar. Speaking with businessmen at the Karachi Chamber of Commerce and Industry (KCCI) on Thursday, Mr Maniar admitted that there were difficulties and…
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Federal Minister for Energy Hammad Azhar has said the process of dry docking at the liquefied natural gas (LNG) terminal in Karachi has been completed and the original floating storage and regasification unit (FSRU) has been restored ahead of the schedule. “Just 66 hours of gas curtailment in some sectors that are being restored from tonight. Zero interruption on the…
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Natural gas prices all over the world are surging amid a perfect storm of tight regional gas markets and soaring power prices in Europe. The natural gas rally isn’t over yet—and it has further room to hit fresh record highs, especially if the coming winter turns out to be colder than typical in the northern hemisphere. The natural gas crunch…
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Pakistan’s position on the world ranking of countries having most mangrove trees in their coastal zones will further improve in the coming months owing to the aggressive plantation campaign by the Sindh government’s Forest Department. “Pakistan at present stands at the seventh position on the world ranking of mangrove forests as in the next two to three months our standing…
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Lahore Chamber of Commerce and Industry (LCCI) president Mian Tariq Misbah has welcomed the execution of renewable energy projects under the China-Pakistan Economic Corridor (CPEC) and said that the hydel power projects were necessary to cope with the future energy and water challenges. “The CPEC has brought renewable energy projects and improvement of the transmission system. These are good for…
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In contrast to government hopes for a strong start to the new fiscal year, the large-scale manufacturing (LSM) sector contracted 4.9% in July 2021 over the preceding month. Three reporting sources – the Oil Companies Advisory Committee (OCAC), the federal Ministry of Industries and the Provincial Bureaus of Statistics – reported an overall negative growth in the production by industries…
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The export-oriented industries of Karachi have expressed annoyance due to sheer discrimination and dubious conduct on the part of the. The ministry disregarded the summary approved by the Economic Coordination Committee (ECC) of the Cabinet, which has uniformly approved regasified liquefied natural gas (RLNG) tariff at $6.5/MMBTU all inclusive to the export-oriented sectors during the financial year 2021/22 to apply…
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K-Electric’s recent submission of its financial results to the PSX reported a profit of PKR 11.9 billion, a significant improvement from the loss of PKR 2.9 billion reported in the previous fiscal year. In itself, the number will have us believe that the company’s financial position is remarkable, but a comparison with other private sector entities shows that this is…
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The rising prices of the Liquefied Petroleum Gas (LPG) has added to woes for the people who have urged the authorities concerned to take effective measures for bringing down the commodity at an affordable level. “The prices of edibles are already high and the unbridled rising trend in LPG prices has aggravated the problems further for people especially living in…
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