Year: 2020

ISLAMABAD: Prime Minister Imran Khan has finally given the go-ahead to increase electricity prices aimed at fulfilling a major condition of the International Monetary Fund (IMF) for the revival of $6 billion programme that remained suspended for the last 10 months. The electricity prices could go up by 25% or Rs3.34 per unit on account of annual base tariff increase of the previous fiscal year, sources in the Ministry of Energy and Ministry of Finance told The Express Tribune. The only decision that is pending is whether to increase the…

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LAHORE: Gwadar GasPort Limited (GGPL), a joint venture formed by the Pakistan GasPort Ltd, Al-Qasim Gas and Jamshoro Joint Venture Ltd entered into an agreement with Gwadar International Terminals Ltd to move liquefied natural gas (LNG) onto special purpose trucks for regasification at various industrial sites across the country. Through an agreement signed at a ceremony, the GGPL will commence engineering work at the existing Berth-3 at the Gwadar port for shipment of LNG from a floating storage unit on to trucks for shipment to CNG stations, textile mills, fertiliser…

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ISLAMABAD: The new private sector companies seeking entry into liquefied natural gas (LNG) business without government guarantees appeared to be moving in circles as the public sector stakeholders blamed each other for uncertainties relating to enabling environment and infrastructure. This was the overriding sense of a public hearing conducted by the Oil & Gas Regulatory Authority (Ogra) on the request of Tabeer Energy and Energas for marketing licences for the sale of LNG. Both applicants said they had their own customers in the private sector and would arrange LNG imports…

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ISLAMABAD: In a major move to gradually deregulate gas tariffs, the state-run liquefied natural gas (LNG) importer on Thursday expressed intention to grant capacity to the private sector – a decision that had so far been pending due to acquisition of surplus capacity of LNG terminals by the government. A representative of Pakistan LNG Limited (PLL) said they could not award any capacity due to the public sector’s high gas demand. The government will re-advertise the granting of capacity to the private sector in February or March 2021, the official…

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Sindh Govt to take emergency corrective measures to overcome worrisome shortage of fire tenders, firemen in Karachi: LG MinisterKarachi: Sindh Information and Local Government Minister Syed Nasir Hussain Shah has said that the provincial government is taking emergency corrective measures to repair the faulty fire engines and overcome the shortage of staff being faced by the Karachi’s fire brigade.“I recently visited the Central Fire Station near Civil Hospital and came to know about the worrisome situation that only 14 fire tenders out of total 44 are operational in Karachi while…

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