Month: March 2021

Ismail launches urban forest project at Governor House

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Sindh Governor Imran Ismail on Sunday launched an urban forest project at the Governor House to mark International Day of Forests. The urban forest would be developed on an acre inside the Governor House using the famous Japanese Miyawaki technique. Saplings of 1,260 different plant and trees species would be planted under the project conceived to further the 10 billion tsunami tree plantation programme of the federal government. Speaking on the occasion, the governor mentioned that a Japanese botanist after research of 60 years invented the Miyawaki method of growing…

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Wapda vows to add 11MAF water to national storage

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LAHORE: On the eve of World Water Day being observed around the world on Monday under the theme for 2021, “Valuing Water”, the Water and Power Development Authority (Wapda) has pledged to add 11 million acre feet water to the gross storage of the country by completing eight mega water conservation and electricity generation projects in as many years. “Cognisant of the value of water for survival of life as well as progress and prosperity of human beings, we are committed to optimal utilisation of the precious resource of water…

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Gas firms seek up to 220pc hike in prices

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ISLAMABAD: The country’s two gas utilities — SNGPL and SSGCL — have demanded up to 220 per cent increase in the prescribed prices of gas with effect from July 1 to meet estimated revenue requirement (ERR) during the fiscal year 2021-22. In formal petitions filed with the Oil and Gas Regulatory Authority (Ogra), the Lahore-based Sui Northern Gas Pipelines Limited has demanded that its prescribed price for the next fiscal year be increased by Rs1,416 per unit defined in million British thermal unit (mmbtu), including the previous year’s outstanding recovery…

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Cabinet gives nod to Rs5.65 power tariff rise

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ISLAMABAD: The federal cabinet on Friday approved the promulgation of an ordinance aimed at preparing a legal path to increase power tariff by a minimum Rs5.65 per unit from now till October to collect a whopping Rs884 billion from consumers. It was the second emergency summary that the federal cabinet had approved through circulation to save the International Monetary Fund Programme from collapsing again. Earlier, the cabinet also gave nod to immediately imposing the Rs140 billion worth of additional taxes as part of a host of prior conditions set by the IMF.…

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Importers mislead on LPG prices

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Importers have reportedly misled the government over the prices of imported liquefied petroleum gas (LPG) to manage approval of the proposed LPG policy to make additional windfall gains at the cost of the national exchequer. Due to monopoly of LPG importers in the LPG Policy, locally produced LPG companies like Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL) and Pak Arab Refinery Limited (Parco) are facing hit in revenues. Since the government of Pakistan is a major shareholder in these companies, therefore any loss to these companies…

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