Month: January 2021

Gas crisis adds to business community’s woes

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The compressed natural gas (CNG) industry has sought allocation of long-term terminal and pipeline capacity in an effort to attract viable suppliers for liquefied natural gas (LNG) import at competitive rates. In this regard, Universal Gas Distribution Company (Pvt) Limited (UGDC) – a special purpose company – was set up five years ago with approval of the Economic Coordination Committee (ECC) for LNG import for the CNG sector while bearing financial risk. The Pakistan Tehreek-e-Insaf (PTI) government has framed third-party access rules, which allow the private sector to import LNG.…

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CNG sector seeks long-term terminal, pipeline allocation

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The compressed natural gas (CNG) industry has sought allocation of long-term terminal and pipeline capacity in an effort to attract viable suppliers for liquefied natural gas (LNG) import at competitive rates. In this regard, Universal Gas Distribution Company (Pvt) Limited (UGDC) – a special purpose company – was set up five years ago with approval of the Economic Coordination Committee (ECC) for LNG import for the CNG sector while bearing financial risk. The Pakistan Tehreek-e-Insaf (PTI) government has framed third-party access rules, which allow the private sector to import LNG.…

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RLNG supply to KE’s new unit: PD directed to play role in signing of pact

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ISLAMAABAD: The Cabinet Committee on Energy (CCoE) has directed Petroleum Division (PD) to play its role in accordance with the relevant laws/rules in signing required agreement(s) with PLL and KE for RLNG supply to KE’s new unit while ring fencing old KE receivables issue related to indigenous gas supply, sources close to SAPM on Petroleum told Business Recorder. The decision was taken at a meeting of the CCoE held on January 18, 2021 under the chairmanship of Minister for Planning, Development and Reforms, Asad Umar. The decision of the committee…

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CCI likely to approve Census-2017 on 27th

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SLAMABAD: The Council of Common Interests (CCI) is likely to approve the controversial Census-2017 at its meeting to be held on Wednesday (Jan 27) with Prime Minister Imran Khan in the chair. The PM has called the 44th meeting of the CCI to discuss various issues, including the issue of notification of Census-2017 results. The federal cabinet, after a lapse of three years, had approved the National Census with a dissenting note submitted by the Muttahida Qaumi Movement (MQM), one of the government’s allies. The MQM has been raising its…

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Power generation: Static & inefficient

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Pakistan’s power sector (ex KE) generated 124 billion units in 2018. Another 124 billion in 2019. And 123 billion in 2020. You do not have to look to any other data set to get an idea how Pakistan’s economy has been in a struggling phase for the best part of 2 years. December 2020 net power generation at 7.8 billion units is only 3 percent higher year-on-year. Read that with the government’s claim that the incentive offered for incremental consumption to industries has yielded good results. As per the government,…

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