Month: January 2020

Minister for Petroleum Omar Ayub Khan has informed the Senate Standing Committee on Petroleum on Monday that the federal government has written letters to the provincial government of Sindh eight times for construction of 125 km gas pipeline to meet gas deficit in winter. The minister said that Sindh government did not give right of way for the construction of gas pipeline despite repeated requests from the federal government. He further said that Sindh government did not coordinate with the federal government in shutting down CNG plants in winter. The…

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The federal government will take up the weighted average of gas and rights of provinces under Article 158 and 18th constitutional amendment to the Council of Common Interests (CCI). PM’s Special Assistant on Petroleum Nadeem Babar talking to a select group of journalists here on Monday claimed that Sindh Chief Minister Murad Ali Shah was nearly convinced on the much-heated and debated issues of gas by resolving the issue of gas distribution in Sui Southern Gas Company (SSGCL) system. Province of Sindh is producing 2360 mmcfd gas whereas it receives…

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ISLAMABAD: In a major development, the centre on Monday claimed to have secured a broad agreement with the Sindh government for introduction of a significantly higher weighted average cost of natural gas and imported liquefied natural gas (LNG) in future to streamline supplies. At the same time, Minister for Energy Omar Ayub Khan and Special Assistant to the Prime Minister on Petroleum Nadeem Babar blamed the Sindh government for ongoing gas shortfall in various parts of the country. They were briefing print media journalists here on Monday. “We have to…

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ISLAMABAD: With­drawing a couple of key amendments on the objections of the power regulator, the Economic Coordination Committee (ECC) of the Cabinet on Monday cleared amendments to the Regulation of Generation, Transmission and Distribution of Electronic Power Act 1997 to meet conditions of the International Monetary Fund (IMF). The amendments to the Nepra Act are required under the IMF programme 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 to address about…

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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 current conflict between Iran and the The United States. Experts said this during a Special Talk titled “Changing Regional Security and Implications on US- Pakistan Relations”, organised by the Sustainable…

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