Day: February 25, 2020

SHC seeks replies from federal, provincial govts over toxic gas leak in Karachi’s Keamari area

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The Sindh High Court (SHC) on Monday issued notices to the federal and provincial government on a petition seeking an inquiry into the deaths of more than 10 people in Karachi’s Keamari area due to a toxic gas leak. A two-judge bench, headed by Justice Ali Mazhar, also issued notices to the federal and provincial law officers, directing them to submit replies on behalf of the respondents and adjourned the hearing till March 11. There is still widespread confusion regarding the Keamari incident as authorities have been unable to ascertain the exact…

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Pakistan offers $100bn investment opportunities in energy sector: Ayub

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ISLAMABAD: Pakistan and China on Monday pledged to keep the China-Pakistan Economic Cor­ridor (CPEC) unaffected by the temporary challenge of coronavirus outbreak as Energy Minister Omar Ayub Khan pitched for about $100 billion worth of investment opportunities in the country’s power sector. Speaking at a ceremony — Energy Week — organised by National Electric Power Regulatory Authority (Nepra), Mr Ayub said the country’s energy sector offered investment opportunities of $100bn. This included about $45bn in power generation, $20bn in transmission and $15-20bn in distribution. He said the government was planning…

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Drilling companies’ merger ready to cause revenue loss to cash strapped Pakistan

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The merger of sub drilling company of the Schlumberger Land Rigs (SLR) with Arabian Drilling Company (ADC) is ready to impose a major revenue loss to already cash strapped Pakistani government. READ MORE: Russia eyeing ‘possible’ multilateral talks on Syria According to sources and a statement issued by Zaheer Babar the country manager of the Sea & Land Drilling Contractors Inc. a subsidiary of Schlumberger Land Rigs, the company is merging its subsidiary with the Arabian Drilling Company (ADC). The statement added that the ADC would assume ownership of the Sea…

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Govt to help KE raise generation capacity by 1,600MW

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ISLAMABAD: Amid delays in K-Electric takeover by the Shanghai Electric Limited (SEL) of China, the government has decided in principle to facilitate the Karachi-based power utility to increase its own generation capacity by 1,600MW and enhance supply from the national grid to 1,400MW on an urgent basis. For this to deliver, the government would immediately allow the KE to start construction of a 700MW coal-based project, provide about 150 million cubic feet of imported liquefied natural gas (LNG) for another 900MW project and enhance power off-take from the national grid…

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