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…
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,…
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…
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…
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…
Read More
ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday did not immediately allow reduction in port charges on handling of liquefied natural gas (LNG) demanded by the Petroleum Division and ordered an independent assessment to reach a decision on charges competitive in the region. At a meeting of the CCoE presided over by Minister for Planning and Development Asad Umar,…
Read More
ISLAMABAD: The International Monetary Fund (IMF)-backed first review of Pakistan’s bleeding public sector enterprises has identified 44 entities for privatisation, including the power companies that are causing big losses, despite a 50% reduction in losses in the first year of current government. The review of 84 commercial state-owned enterprises (SOEs) has been completed as part of the structural benchmarks set by the IMF…
Read More
Islamabad: Volunteers including men, women and children collected 120 large bags of garbage and trash from three viewpoints of Margallah Hills on Thursday. The spring cleanup activity at Pirsohawa Road was organised under the Prime Minister’s campaign of ‘Clean and Green Pakistan’ by the SMEC Oil & Gas in collaboration with Islamabad Wildlife Management Board (IWMB). The Margallah Hills National…
Read More
ISLAMABAD: Despite financial constraints and substantial increase in the prices of petroleum products at the international market, the Pakistan Tehreek-i-Insaf (PTI) government has not passed on its impact to the common man by maintaining the rates at lowest level as compared to regional countries. Pakistan is standing atop in providing the low-priced petroleum products for the welfare of its masses…
Read More
KARACHI: The first 450 MW unit of RLNG-based BQPS-III project is scheduled to come online by May 2021 which would help improve K-Electric’s generation fleet efficiency from 38% in FY 2020 to 48% in FY 2023. Chief Financial Officer KE, Aamir Ghaziani, in a corporate briefing held via webinar on Wednesday, reiterated KE’s commitment with taking Karachi to a power…
Read More
