Economic Security is Pakistan’s top national security challenge, speakers Amidst growing tension and evolving security situation in the Middle East, after the assassination of top Iranian commander Qasim Soleimani in a U.S. airstrike, Pakistan must be mindful of its economic security which is country’s top national interest and be very careful while taking any sides or staying neutral in the…
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ISLAMABAD: In a new development, the federal government has approved merger of two state-run LNG companies — Pakistan LNG Terminal Limited (PLTL) and Pakistan LNG Limited (PLL). Both the companies dealing with LNG will be merged into single entity as autonomous body. According to a senior official, the new entity after the merger of the two companies will later be…
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ISLAMABAD: The domestic sector has become one of the biggest clients of RLNG in the country and in this winter season, the costly RLNG of 1.362 billion cubic feet is once again being injected to…ShareNext Story >>> ISLAMABAD: The domestic sector has become one of the biggest clients of RLNG in the country and in this winter season, the costly…
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The power sector’s receivables have soared by over 27 percent during the last 17 months to Rs 827.377 billion in November 2019 from Rs 647.030 billion in June 2018. These figures were shared by the Power Division with Senate Standing Committee on Power headed by Senator Fida Muhammad which met on Friday to discuss different issues related to the poorly…
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South Africa’s electricity utility Eskom at the weekend resumed power outages, citing a “vulnerable” generating system, just weeks after implementing the severest rationing in recent times. The debt-laden company which generates around 95 percent of the country’s electricity, on Sunday said the cuts would last until Monday morning when factories and mines reopen after the year-end break. It had initially…
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Exxon Mobil Corp’s fourth quarter operating results will decline from a year ago due to weakness in chemicals and refining, according to a regulatory filing and analyst comments on Friday. Some analysts slashed earnings projections to about 50 cents per share, down from the average earlier estimate of 71 cents, according to Refinitiv IBES. The estimates exclude gains from asset…
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Take your SSGC December gas bills out. Pay them. You are likely to be paying or have already paid a significantly higher amount. And that makes fair sense. Temperatures have dropped, you are using the “luxury” of geysers. More importantly, the tariffs have also increased considerably from last year. What is the fuss then? Tariff increase is at least half…
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KARACHI: The K-Electric said on Friday that the figures ranging from Rs4 upwards being circulated in media circles as an increase in consumer bills were misleading. A spokesperson for the power utility said: “Some news channels and publications have quoted the figure of more than Rs4 increase in the end consumers’ monthly bills, which is incorrect”. He said it was…
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ISLAMABAD: To ensure a belated compliance with the targets of International Monetary Fund (IMF), the government is set to recover additional cost of losses from consumers by imposing new surcharges aimed at financing power sector loans and generate more than Rs250 billion in annual revenue. As a first step, a meeting of the Economic Coordination Committee (ECC) of the Cabinet…
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