Month: December 2020

There are vast trade and investment opportunities in Pakistan, especially in Karachi, which is an international economic centre, said British Deputy High Commissioner Mike Nithariankis. He stated that the UK mission was further trying to promote economic cooperation between the two countries including a boost to trade and investment. “My job is to bring more British people to see enormous trade and investment opportunities, as in Pakistan there is peace, security and better business environment,” he emphasised while speaking at a gathering of aspirants for the Civil Superior Services (CSS).…

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The government is set to remove the moratorium on new gas connections to industrial and captive power consumers in Balochistan. The Cabinet Committee on Energy (CCOE) will take decision on the matter in its meeting. Owing to the increasing gap between demand and supply of natural gas in the country, the then prime minister, in his directive on April 18, 2011, imposed a moratorium on the provision of new industrial and commercial gas connections across the country with immediate effect for a period of six months. Subsequently, while considering a…

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IF you’re confused by all the talk around the LNG import issue these days, there is one thing to focus on which helps explain it all. Winter is peak season for gas demand, there are always shortages as everyone knows for many years now, and arrangements for LNG imports for December, January and February have to be made months in advance. Failure to make advance arrangements means higher costs. And that is exactly what has happened here. The way LNG imports work is a little more complex than oil deliveries.…

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ISLAMABAD: In a major development, the Hubco Power Plant in Balochistan that operates only on one percent of its capacity in the entire year and the government owes it Rs260 billion as capacity payments for next seven years, has offered the federal government to buy it out for Rs65 billion. Tabish Gauhar, Special Assistant to Prime Minister, confirmed to The News, saying: “CEO of Hubco Power Plant Khalid Mansoor along with his legal team came up with the proposal offering the federal government to buy it out at Rs65 billion.”…

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