Karachi industry slams low gas pressure

KARACHI: Various industrial areas in the city are facing severe low gas pressure despite the federal government’s assurance of uninterrupted gas supply in winter, heads of industry associations said on Tuesday. President SITE Association of Industry Abdul Hadi said the area is still deprived of consistent and committed gas pressure due to which many industrial pockets are struggling to meet export orders which surged after Covid-19 lockdowns were lifted. The federal government had committed in October to provide consistent supply of gas to Karachi industries at substantially increased tariff by…

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Agreements for Azad Pattan project inked

The project agreements for construction of Azad Pattan Hydropower Project, under the China-Pakistan Economic Corridor (CPEC), were signed on Tuesday. With an investment of over $1.35 billion and 700.7 megawatts of electricity, the Azad Pattan Project involves no fuel import and will enable the country to move towards cheaper and greener power generation. The agreements, including the implementation agreement and water use agreement, were signed by Azad Jammu and Kashmir (AJK) Electricity Secretary Zafar Mahmood Khan and Azad Pattan Power Private Limited CEO Li Xiaota. The government of Pakistan implementation…

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Fuel loading starts for nuclear power plant testing

ISLAMABAD: Pakistan on Tuesday started loading fuel to the 1,100MW nuclear power plant in Karachi for testing in run-up to its commercial operations in April 2021 while the Azad Jammu and Kashmir government signed agreements with a Chinese company for construction of a 700MW hydropower project. A spokesperson for the Pakistan Atomic Energy Commission (PAEC) said fuel loading for the newly built Karachi Nuclear Power Plant Unit-2 (K-2) was started on Tuesday after obtaining fuel load permit from the Pakistan Nuclear Regulatory Authority. K-2 is a pressurised water reactor based…

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Turkey Halts Mediterranean Oil, Gas Survey On EU Sanctions Threat

Turkey has halted survey for oil and gas in the Mediterranean and had its survey vessel back to a Turkish port, days before European Union leaders are set to discuss the possibility of EU sanctions on Turkey over its intention to drill for oil and gas in waters that EU members Greece and Cyprus consider part of their territorial waters. The Turkish seismic survey vessel Oruc Reis has completed surveys in the Demre field in the eastern Mediterranean that began on August 10 and has now returned to the port…

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OGRA suggests increase in petrol prices for Dec

The Oil and Gas Regulatory Company (OGRA) has advised the petroleum division to raise fuel prices in December. It has sent a summary with higher prices to the division. OGRA recommends raising petrol prices from Rs2.55 per litre from December 1. High speed diesel should be increased by Rs2.70, it advised. Prime Minister Imran Khan has to approve the increase in prices before they come into effect. The finance ministry will announce the new prices on November 30. It can also decide to keep prices unchanged. Petrol prices in Pakistan…

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