Gas Supply To Industrial Units To Be Resumed Next Week

LAHORE: The government on Saturday said that supply of natural gas to general industrial units, mainly in Punjab, would be restored from Tuesday following resumption of supply from the Mol gas field and provision of increased amounts of Re-gasified Liquefied Natural Gas (RLNG). The restoration of supply to the Compressed Natural Gas (CNG) sector is also expected within the next week, subject to consistent supply of indigenous gas and RLNG into the system, according to official sources in the Sui Northern Gas Pipelines Limited (SNGPL). “Since supply to zero-rated export…

Read More

MPC Slams Centre Over Balochistan Gas Crisis

QUETTA: The icy Siberian winds that have gripped Balochistan’s capital and northern parts of the province since Friday is forcing people to stay indoors while they also face the problem of low gas pressure depriving them of much-needed warmth. This was the main theme of the Multi-Party Conference held on Sunday in Ziarat in which leaders such as Abdul Rahim Ziaratwal and Nasarullah Zerey of the Pakhtunkhwa Milli Awami Party, Ghulam Nabi Marri of Balochistan National Party-Mengal, Jamiat Ulema-i-Islam-Fazal’s Dilawar Khan Kakar and Awami National Party’s Abdul Bari Kakar censured…

Read More

Low gas pressure, limited time irk CNG consumers

KARACHI: Despite opening of CNG stations from 7am to 7pm on Sunday, many consumers faced problems due to low gas pressure at stations while many pumps remained inoperative due to very low pressure of gas supply from the Sui Southern Gas Company Limited (SSGCL), CNG station owners complained. However, an official at the SSGCL did not agree with the claim of the CNG station owners. Coordinator of Sindh Zone, All Pakistan CNG Association, Samir Najmul Hassan said that some 40 per cent of pumps out of 331 pumps in Karachi…

Read More

Sindh Govt. Responsible for Ongoing Gas Crisis: Omar Ayub

Power Minister, Omar Ayub on Friday said Sindh government is responsible for the ongoing gas crisis in the province over the past several days as they denied giving a route for pipe-laying, adding that center can resolve the gas shortage by laying pipelines. While talking to media in Karachi, the power minister said that the incumbent government is working day and night to resolve the ongoing gas crisis in the country. The government was taking measures to overcome the gas shortage as soon as possible. The low gas pressure has hit several areas of…

Read More

Govt clips NAB powers to shield businessmen

KARACHI: In a move to assuage the frequently stated reservations of businessmen vis-à-vis the National Accountability Bureau (NAB), Prime Minister Imran Khan on Friday said the government has promulgated an ordinance to curtail certain powers of the national graft-buster. The prime minister was speaking at a ceremony organised in Karachi by the Pakistan Stock Exchange (PSX) to recognise Top 25-listed companies. The PSX Top 25 Companies Awards is an annual tradition where “best of the best” companies are selected on the basis of comprehensive criteria that include: a) capital efficiency, b)…

Read More

Govt planning to set up petroleum regulatory authority

ISLAMABAD: The government is working on a plan to set up an independent Pakistan Petroleum (Exploration and Production) Regulatory Authority (PPEPRA) on the pattern of National Electric Power Regulatory Authority (Nepra) in a bid to define policy and regulatory functions for the upstream sector as well as attract investment and develop a resource base. Work on establishing the authority got under way after several foreign companies pulled out of Pakistan in the past few years in the wake of bureaucratic hurdles and policy issues. Now, the independent authority, when established, will…

Read More

Highest-ever production: Hydel power stations generate 34.7b units in 2019

LAHORE: The year 2019 turned out to be a historic one for the development of water and hydroelectric power resources in Pakistan. A record high hydel electricity was generated and supplied to the national grid during the year, besides start of construction work on Mohmand Dam in May after five decades, said Water and Power Development Authority (Wapda) in a statement on Friday. The hydel power stations owned and operated by Wapda provided 34.678 billion units of electricity – the highest-ever contribution of clean energy – to the system in 2019.…

Read More

Prime Minister Imran Khan presents PSX Top Companies Award to Mr. Arif Habib, Chairman, Arif Habib Group (Dec 27, 2019)

Prime Minister Imran Khan presents PSX Top Companies Award to Arif Habib Limited December 27, Karachi: Arif Habib Limited (AHL), one of Pakistan’s leading and largest Brokerage and Investment Banking Firms has been recognised amongst the Top 25 Companies by the Pakistan Stock Exchange (PSX). AHL is one of the six companies that have been recognised as a Top Company for all of the last three years (2016, 2017 & 2018). The PSX Top 25 Companies award is evaluated based on capital efficiency, profitability, free float of shares, transparency, corporate governance…

Read More

2019 TURNS OUT TO BE A HISTORIC YEAR FOR HYDROPOWER, WATER SECTORS

December 27, 2019: The year 2019 turned out to be a historic one for development of water and hydropower resources in Pakistan, as record generation of hydel electricity was supplied to the National Grid during the year, besides initiating construction work on Mohmand Dam in May this year after five decades. The hydel power stations owned and operated by WAPDA provided 34.678 billion units of hydel electricity – highest-ever contribution – to the system in 2019. This quantum of generation is 6.321 billion units more if compared with that of the…

Read More

Karachi industrialists lambaste gas shortages

KARACHI: Leaders representing Karachi Industrial Forum and members of different textile bodies have criticised the utility company over its failure to supply gas to industrial units and warned of protests in case the Sui Southern Gas Company (SSGC) failed to restore gas at normal pressure. Addressing a press conference at the Karachi Press Club on Thursday, they said that by curtailing gas supply to Karachi industry, around 57 per cent of country’s industries have been affected in addition to hindering 54pc of the total exports. The gas crisis is bound…

Read More