Five candidates shortlisted for OGRA chief slot

ISLAMABAD: A committee formed by Prime Minister Imran Khan has shortlisted five candidates, majority of whom are from the Oil and Gas Regulatory Authority (Ogra), for appointment as Ogra chairman. The committee has completed interviews and finalised five names for the position. As many as 26 candidates were earlier shortlisted for the position. The committee was reconstituted after objections were raised over its earlier nominations as it had a conflict of interest. Committee Chairman Shehzad Akbar removed two members and brought professionals to conduct interviews for the post of Ogra…

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ECC allows import of 300,000 tons of sugar to meet likely shortage

ISLAMABAD: The government on Tuesday allowed import of 300,000 tons of sugar in anticipation of its shortage and also decided to change petroleum product prices on a fortnightly basis to help the oil sector to increase its profits. The Economic Coordination Committee (ECC) of the cabinet took these decisions. The ECC also approved the upgrade of Habib Bank Limited’s representative office in Beijing to a branch and remittance of RMB 300 million as the capital of proposed branch from Pakistan. The ECC approved a technical supplementary grant of Rs340 million…

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Power privatisation stalls as IPP talks drag

KARACHI: Two of the parties that remained interested in the privatisation of two RLNG-based power plants have signaled their refusal to place any equity bids for the projects at the moment. They have told the government that they are watching the ongoing tariff renegotiations with the independent power producers (IPPs) that were launched shortly after the release of the inquiry report on the IPPs. At issue are two power plants — Haveli Bahadur Shah and Balloki, both in Punjab — owned by the federal government. Both plants were built with…

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Appointments in Wapda: Ministry challenges recommendations by CCI

ISLAMABAD: Ministry of Water Resources (MoWR) has challenged recommendations of Council of Common Interests (CCI) regarding appointments of Wapda Chairman and Members, saying the direction is against the judgment of Lahore High Court (LHC), sources in the Ministry told Business Recorder. Wapda was established as a body corporate under section 3 of an Act of Parliament in 1958 for the unified and coordinated development of the water and power resources of Pakistan. The appointment of Chairman and Members of the Authority is to empower the Federal Government under section 4…

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FPCCI for revamping power sector to overcome circular debt

LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Anjum Nisar on Monday stressed the need for resolving the circular debt issue by revamping the entire power sector, including tariff setting, efficiencies of power generating units, supply chain network and payment recoveries. If this is not done, the future of energy sector would remain at stake, the FPCCI chief warned and urged the power ministry to identify system constraints, communicate targets to all the concerned departments to initiate up-gradation of transmission system on war footing. In this…

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Bill seeks to ‘enhance functions, utility’ of FBR’s policy board

ISLAMABAD: A private member bill introduced in the Upper House of the Parliament on Monday sought to amend the law to “enhance the functions and utility” of the Federal Board of Revenue’s (FBR’s) Policy Board. During the Senate session presided over by Chairman Sadiq Sanjrani, Kauda Babar, an independent senator from Balochistan, introduced the Federal Board of Revenue (Amendment) Bill, 2020 which was referred to the relevant standing committee. “The Policy Board of Federal Board of Revenue was conceived as an apex forum for the provision of policy guidance to…

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Integrated plan afoot to generate 100,000 MW through indigenous resources: Omar Ayub

ISLAMABAD, Jul 27 (APP):Minister for Power Division Omar Ayub Khan on Monday informed the Senate that the government had an integrated plan to generate 100,000 MW by 2047 through indigenous resources to ensure energy security and boost industries.  Winding up discussion on a motion that this House may discuss the issue of increase in circular debt beyond Rs 1660 million, moved by Mushtaq Ahmad, the minister said share of indigenous energy would be enhanced to 80 per cent to get rid of expensive energy based on imported fuel. He said…

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Coal Ventures In Pakistan Cause Idividuals dislodging And Filthy Water

They said coal projects were causing the displacement of people and polluting drinking water and affecting the environment. The Pakistan Fisherfolk Forum organised the conference on ‘air pollution and groundwater’ in the coastal neighbourhood of Ibrahim Hyderi. The moot followed SOPs as the distance of six feet among the seating of participants was maintained. PFF chairman Muhammad Ali Shah said coal power plants at the coastal belt of the country had blocked creeks of fishermen and polluted marine resources. “Pakistan was going behind coal power projects at the time when…

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The Cript and The Quad

The $400 billion strategic partnership between Iran and China is a milestone in the rise of the Middle Hemisphere. It’s somewhat like the Monroe Doctrine of 1923 when the US realized that it didn’t need to physically take over other countries when there were less bloody and messy ways of establishing economic dominance in the Western Hemisphere. Through the Belt and Road Initiative (BRI) China has already invested billions in every major South Asian and Middle-Eastern country. Alongside the comprehensive cooperation deal between Iran and China came the news that…

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Provincial Govt To Launch Small Scale Power Projects Under Roshan Balochistan Programme

ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 27th Jul, 2020 ) :The Balochistan government has been planning to launch small scale power projects under Roshan Balochistan programme which would be handed over to Quetta Electric Supply Company (QESCO). The energy generated from the small scale power projects could be used for street lights and water supply tube wells, the sources in Balochistan government told APP. Under Roshan Balochistan programme, power supply projects would be formulated at a specific location in off-grid areas which would benefit the people of…

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