PTI govt to use Covid-19 fund for interest payment

ISLAMABAD:  The federal government on Wednesday allowed diverting Rs10 billion from the coronavirus relief funds to pay interest on loans taken to retire circular debt and approved terms of negotiations for debt restructuring to reduce electricity tariffs. Contrary to prime minister’s desire to reduce power tariffs by renegotiating terms of the deals, official documents suggest that there will be no…

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Wapda chief eyes dam diversions’ completion in three years

ISLAMABAD: Amid the launch of the construction of Diamer-Bhasha dam, the government on Wednesday said the decision to build it as a ‘roller compact concrete (RCC)’ structure was based on 20-year intensive scrutiny of technical and geological reports and feasibility studies by an international panel of experts. Speaking at a news conference, Wapda chairman retired Lt Gen Muzammil Hussain said…

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OGDCL injects nine new wells in production gathering system

May 20, 2020: The Oil and Gas Development Company Limited (OGDCL) has injected nine new wells, producing 137,230 Barrels crude oil and 5,562 Million Cubic Feet (MMCF) gas, in its production gathering system during three quarters of the current fiscal year. “As many as nine operated wells have been injected in the production gathering system viz., Qadirpur-14&61, Pasakhi Deep-4&5, Nashpa-9, Chanda-5,…

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