Year: 2019

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…

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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.…

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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…

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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…

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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…

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