Month: September 2020

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), opposing the Economic Coordination Committee’s (ECC) decision of raising power tariff for the export sector by 1.5 cents amidst downfall of 20 per cent exports, has sought regionally competitive energy tariffs for domestic as well as export industries to capture the global market. FPCCI President Mian Anjum Nisar observed that amid worsening export volumes and halt in domestic industrial growth, the approval of 20 per cent hike in electricity rates to 9 US cents per kWh for the export sector…

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ATTOCK (Dunya News) – Special Assistant to Prime Minister on Climate Change Malik Amin Aslam Saturday said that provision of gas facility to 25 villages and adjacent localities of NA-56 had been approved. While addressing a gathering in Pindigheb, he said the government believed in across the board provision of facilities without any discrimination, adding that that NA 56 constituency remained ignored in past by the so called leaders who served their vested interest but did nothing for local people. He said that oil and gas companies were working in…

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HARIPUR: Landowners from the remote Sarahdna villagein Khanpur tehsil have criticised a gas exploration company over what they called its failure to fulfil conditions incorporated in the memorandum of understanding(MoU) at the time of land acquisition. They warned that they would stage protests if their demands were not met in two weeks. Located on the eastern bank of Khanpur reservoir at a distance of around 60km from the district headquarters, the Sarahdna village was selected for oil and gas exploration before the MOL Pakistan Oil and Gas Co BV began…

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The division, in a press release issued about the seminar on gas supply issues held recently at the Prime Minister Secretariat, said,”The discourse was very productive and led to suggestions on the way forward for issues pertaining to gas sector of Pakistan.” The seminar witnessed active participation from the Federal Government, parliamentarians, provincial ministers, provincial energy departments, corporate executives and energy experts. In his keynote address, Prime Minister Imran Khan had appreciated the efforts of Minister for Energy Omar Ayub Khan, Special Assistant to the Prime Minister on Petroleum (SAPM) Nadeem Babar and Petroleum Division for holding a thorough debate on gas sector, emphasizing the need to outline…

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France has announced its plans to invest €100 billion (~$118.4 billion) to retrieve the economy from the damage caused by the COVID-19 pandemic. As part of its ‘France Relance’ (France Relaunching) plan, the government has allocated €30 billion (~$35.51 billion) for the green energy sector. The total impetus of €100 billion is one-third of France’s annual budget, 40% of which would be facilitated through the member states of the European Union until 2026 and would be payable by 2058. The focus would be on the energy renovation of sectors like transport, buildings,…

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