Year: 2019

As winters grip the country, the gas crisis in Sindh has worsened, with CNG stations facing 90-hour load-shedding, leaving the public transport unavailable on the roads. As per details, the gas crisis in Sindh has turned pretty severe, with CNG stations closed from 2pm on Tuesday afternoon due to reduced gas pressure in the Sui Southern Gas Company’s (SSGC) system, which will be open at 8am on Saturday. Public rush to CNG stations but have to return empty handed while industrialists have said that the unavailability of gas due to…

Read More

The closure does not affect five zero-rated sectors in the province, says SNGPL spokesperson. — Dawn/File LAHORE: The Sui Northern Gas Pipelines Ltd (SNGPL) on Thursday halted gas supply to general industry — fertiliser, manufacturing and compressed natural gas sectors — to meet energy needs of around six million domestic consumers in Punjab. “In the wake of increasing gas consumption of domestic sector due to the current cold wave in the country, SNGPL has decided to temporarily discontinue gas supply to general industry and CNG sector. “However, gas supply to…

Read More

Pakistan is aiming to set up a carbon emission market and partner itself with China, the world’s biggest polluter. “We are looking at a credit-based market initially, which means you can offset in Pakistan and you can sell to bilateral countries,” said Malik Amin Aslam, quoted Bloomberg. The advisor informed the establishment of market would allow Pakistan expand their global trade in pollution credits and also help Chinese companies offset the emissions they produce.  “The benefit that we will get is that our environmental compliance will be met, and they will…

Read More

The circulation debt of energy sector has reached Rs1,665 billion, the Ministry of Energy officials told the Public Accounts Committee (PAC) sub-committee on Wednesday. The energy officials said that they had prepared plans to upgrade the transmission and distribution system including the reduction in circulation debt. The plan has been approved by the Asian Bank and the World Bank, while it will be approved by the IMF tomorrow. The PAC sub-committee meeting was chaired by Leader of the House in Senate Shibli Faraz. The Ministry of Energy officials briefed the…

Read More

THE news that the regulator has asked for another massive increase in the price of gas, which might be as high as 221pc for some categories of consumers, has sent a shockwave through the business community. Those who rely on gas as a primary fuel, whether for boilers or captive power plants, could see their energy cost rise at a time when they are already struggling to keep their business running. And perhaps more importantly, the price of gas could send yet another inflationary pulse through the economy, forcing the central bank…

Read More