Month: July 2020

The Cript and The Quad

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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

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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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SSGC invites bids to import 7,500MT LPG for winter

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KARACHI: The Sui Southern Gas Company (SSGC) has invited bids from suppliers for the provision of 7,500MT of imported LPG in three parcels of 2,500MT each, to be delivered in October, a statement said on Monday. The southern gas utility supplies synthetic natural gas (SNG) during high demand as an alternative to piped gas, it added. SSGC was already setting up LPG air mix plants in remote areas of Sindh and Balochistan where conventional pipelines cannot be laid. LPG is mixed with air to produce synthetic gas for onward supply…

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PTI govt to expand inquiry against OMCs

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ISLAMABAD: The government is set to expand the scope of inquiry against oil marketing companies (OMCs) to probe the shortage of petroleum products in June 2020. The Cabinet Division has moved a summary to the cabinet for constitution of a commission of inquiry to investigate the shortage of petroleum products in its meeting scheduled for Tuesday. This will be the third inquiry to be conducted by the government into the petrol crisis, which occurred in June when different OMCs curtailed oil supplies to their retail outlets, shifting the entire burden…

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Electricity generation in Pakistan rising, despite the pandemic

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The year 2020 has not been kind to most sectors of the economy, what with the double whammy of a global pandemic and the ensuing global recession. Yet, all things considered, it is remarkable that power generation in Pakistan actually fared alright, declining only marginally when comparing fiscal year 2020 to 2019. Even better, demand for power has picked up in June 2020, according to Sunny Kumar, analyst at Topline Securities, in a note sent to clients on July 23.  Power generation in Pakistan declined by 1% year-on-year to 121,867…

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