Day: March 5, 2021

In August 2018, seated behind a large desk and looking straight into the camera for his inaugural address, Prime Minister Imran Khan declared that building dams was the only way to tackle Pakistan’s existential water problems. Fast forward a few years and the Water and Power Development Authority (WAPDA) has started construction on two major hydroelectric projects: Mohmand in Khyber Pakhtunkhwa and Diamer-Bhasha in Gilgit-Balististan. The latter, a 272-meter behemoth, is billed as the highest roller compacted dam in the world. With a storage capacity of 8.1 million-acre-feet, it’s also…

Read More

SHANGHAI, March 4, 2021 /PRNewswire/ — Shanghai Electric (the “Company”) (SEHK: 02727, SSE: 601727), the world’s leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, has received the Annual Corporate Social Responsibility Award from the Karachi branch of the All-Pakistan Chinese Enterprises’ Association (APCEA). The award recognizes the Company’s contribution to the social development of the region in 2020, and its active commitment to CSR. “We are truly honored to receive this recognition from the APCEA. Shanghai Electric will continue to promote the development of the China-Pakistan Economic Corridor…

Read More

Executives from the top exporter of liquefied natural gas are jetting around the globe in a whirlwind bid to strike competitive deals with the fastest growing customers. They need to. Qatar, the world’s largest producer of the fuel, last month approved a $29 billion plan to boost capacity at its LNG export facility by 64 percent this decade, and is now urgently seeking to lock-in contracts and undercut rival developers from the U.S. to Australia. That’s why Qatar Petroleum executives were last week in Pakistan to sign a supply deal and pose for photos…

Read More

ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 4th Mar, 2021 ) :Oil and Gas Regulatory Authority (OGRA) on Thursday rejected a news item appearing in some sections of media regarding differences among its members over the issuance of flare-gas licences for commercial use. “It is categorically rebutted that the authority has any differences on the issue of licensing of ‘Flare Gas’ for utilization in industry,” OGRA spokesman Imran Ghaznavi said in a press statement.�He said the decision on licences would be made on completion of the requisite documents…

Read More

ISLAMABAD: A sub-committee constituted to make recommendations for a new liquefied petroleum gas (LPG) policy has turned down major demands of state-run LPG producers that called for imposing regulatory duty on LPG imports and maintaining advance income tax to end price distortion. Oil and Gas Development Company (OGDC), Pak Arab Refinery Limited (Parco) and Pakistan Petroleum Limited (PPL) are the state-run companies that are producing LPG. They said that the government should maintain the prevailing advance income tax on LPG imports as this is an advance tax and is adjustable against final…

Read More