Month: February 2021

When the pandemic hit last year, it destroyed oil and gas stocks. But their prices have gradually been climbing and 2021 looks to offer a more prosperous outlook for the sector. Many people see the death of oil as a welcome solution to combating climate change. But this is not a realistic view. We are hugely reliant on oil. Not just for heating our homes, running our cars, and delivering goods around the globe. Oil powers the modern industrial world. Why do we need oil? Oil is a vital ingredient…

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The federal government has released Rs 476.618 billion for various ongoing and new social sector uplift projects till date under its Public Sector Development Programme (PSDP) 2020-21. The released funds include Rs300.06 billion for federal ministries, Rs135.64 billion for corporations, Rs39.7 billion for special areas, and Rs1.2 billion for the Earthquake Reconstruction and Rehabilitation Authority (ERRA), according to the latest data released by the Ministry of Planning, Development and Reform. Similarly, Rs98.082 billion out of PSDP allocation of Rs118.67 billion has been released for the National Highway Authority, Rs37.56 billion…

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KARACHI: Shell V-Power is the premium fuel offered by Shell Pakistan, it comes with technology that reduces engine dirt and friction. With over 100 years of experience in fuels research and development, Shell’s scientists are behind the creation of Shell V-Power with Dynaflex Technology. Shell V-Power has a formulation that has powerful cleaning agents to prevent engine dirt. The fuel is especially designed to help reduce wasted energy through its friction reducing molecules. The fuel was introduced in the Pakistani market in 2016, and this year marks its 5th anniversary…

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ISLAMABAD: At a time when the government is looking to end monopoly of state-run companies in the liquefied natural gas (LNG) market by allowing private sector to import LNG, Pakistan LNG Limited (PLL) has come up with a proposal for increase in its margins – a move which will put more burden on consumers. PLL is importing two contract cargoes of LNG every month. At the same time, it is importing a few spot cargoes, forcing consumers to utilise gas at higher prices. Owing to inefficiency and poor management of LNG imports,…

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