The Economic Coordination Committee (ECC) that met here on Wednesday under Finance Minister Shaukat Tarin did not approve the Pakistan Refinery Policy 2021, as Asad Umar, Federal Minister for Planning and Special Initiatives, opposed it arguing that the Cabinet Committee on Energy (CCOE) was the right forum to take up refining policy. Expressing his annoyance over not being given the…
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Delay in floating tenders for import of the LNG spot cargoes and awarded contracts at higher rates by Pakistan LNG Ltd (PLL) resulted in losses of Rs10.6 billion in the financial year 2020-21. High prices of the LNG and gas shortages recently witnessed by the country is a result of poor planning for procurement of spot LNG cargoes by the…
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Oil and gas exploration companies in Ahdi and its nearby areas in Gujar Khan are polluting water reservoirs by draining untreated chemicals into Narali Dam. This is putting the health of residents of the area at risk, former prime minister MNA Raja Pervez Ashraf said while talking to Dawn on Tuesday. Mr Raja said Pakistan Petroleum Limited (PPL) in Ahdi…
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The Auditor General of Pakistan (AGP) is said to have raised serious objections over what it said that no clause regarding international sanctions on Iran was incorporated in the Gas Sale Purchase Agreement (GSPA) under Iran-Pakistan Gas Pipeline Project (IPGP), which resulted in a risk of penalty at $3 million per day from January 2015 onwards. This has been revealed…
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On the one hand, he said UN Secretary General António Guterres issued a red alert on the Inter-governmental Panel on Climate Change’s report indicating a sharp rise in temperature in next ten years, while on the other, PM Imran Khan was personally leading tree plantation drive in the country to help control soaring temperatures. Farrukh said the prime minister inaugurated…
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The Sindh Cabinet on the request of Karachi Water and Sewerage Board has approved a levy of Re1 per litre on bottled water and beverage companies in line with the government of Punjab. The impact of this levy could not be known immediately as some big market players approached by Dawn showed their ignorance about the Sindh Cabinet decision. However, the prices…
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The state-owned Pakistan LNG Ltd (PLL) and private power utility K-Electric on Tuesday signed a formal agreement under which the former would supply 150 million cubic feet per day of regasified liquefied natural gas (RLNG) to the KE’s upcoming 900-megawatt power plant at Bin Qasim. The gas supply agreement (GSA) was signed by KE Chief Executive Officer Moonis Alvi and…
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International coal prices have soared to their highest level since 2008, making further hikes in cement and electricity rates likely in the domestic market. The price of Australian coal, which is used as a benchmark by large coal-burning Asian economies, stood at almost $152 per tonne at the end of last month, up almost 195 per cent from a year…
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The National Forum for Environment and Health (NFEH) has joined hands with the Midas Safety and Orix Modarba to launch a monsoon tree plantation campaign in the Export Processing Zone, Landhi.The same industrial estate of Karachi was selected some three months back to plant 300 plant saplings that have grown much due to proper care and protection. The back-to-back plantation…
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Minister of State for Information and Broadcasting Farrukh Habib Monday said the Clean and Green campaign of Prime Minister Imran Khan turned into a movement as the entire nation has started planting trees across the country. In a tweet, he said the people of Pakistan were fulfilling their national responsibility by enthusiastically participating in the drive to reduce environmental impacts…
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