Month: February 2021

KARACHI: National Electric Power Regulatory Authority (Nepra) delegation led by its chairman Tauseef Farooqi, visited K-Electric’s (KE) 560 MW Bin Qasim Power Plant (BQPS) – II and also reviewed the development work at the adjacent 900 MW RLNG-fired Bin Qasim Power Plant (BQPS) – III. As per KE officials, the delegation included vice chairman and member Punjab Saif Ullah Chattha, member Sindh Rafique Ahmad Shaikh, member Balochistan Rehmatullah Baloch, member KP Engr Bahadur Shah, and CSR head Huma Zafar. The combined cycle-power BQPS-III power plant will add much needed capacity…

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LAHORE: The LPG importers on Thursday warned that complete shutter down and strike will be observed on March 1 if the government imposes additional tax of Rs 4,669 per metric ton on LPG import from the land route as proposed by Ministry of Planning Development. Addressing a joint press conference in Lahore on Thursday, LPG Industries Association chairman Irfan Khokhar, vice chairman Shahnawaz Saeed, LPG Companies and Importers Association of Pakistan president Sheikh Amir Nadeem and chairman All Pakistan LPG Transport Association Sheikh Ayaz Ahmed announced that the LPG shops…

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ISLAMABAD: The Central Power Purchasing Agency (CPPA) on Friday requested the National Electric Power Regulatory Authority (Nepra) for an increase of Rs0.92 in the electricity tariff in the context of January’s fuel price adjustment. According to CPPA, more than seven billion units of electricity were produced in January costing about Rs51,660,000,000, at [an average of ] about Rs5.75 per unit. “Expensive furnace oil generated 12.06 per cent of electricity in January,” CPPA said. “About 16.51 per cent of electricity was generated from domestic gas and 11.34 per cent from imported LNG [Liquefied…

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KARACHI: Mari Petroleum’s profit inched up 0.68% to Rs7.33 billion in the quarter ended December 31, 2020 owing to a significant decline in other expenses and a modest rise in revenue. According to a notice sent to the Pakistan Stock Exchange on Thursday, the oil exploration firm had reported a profit of Rs7.29 billion in the same quarter of 2019. Accordingly, earnings per share amounted to Rs54.98 during the October-December 2020 quarter compared to Rs54.61 in the corresponding period of 2019. Alongside the result, the company announced an interim cash dividend of Rs6…

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KARACHI: There is a new urban forest coming up by the seashore in Clifton, but to write about it, one first needed to find it. Taking directions from Shahzad Qureshi, the person already known to have transformed much of his adopted park into an urban forest by using the Miyawaki method, one reached the spot all right. First a greenhouse came into view, then a camper’s little blue tent and then the man behind this new urban forest, who happily took one around to show the work done there so…

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