Energy sector experts have stressed the need for according equal importance to the country’s non-traditional security challenges such as energy and environmental crisis to ensure national security. Speaking at a webinar titled “Nontraditional security challenges – energy and environment crisis” on Friday, they were of the view that by tackling energy and environmental challenges, Pakistan could boost its overall national…
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Industrialists have expressed concern over the hike in energy tariff and discontinuation of gas supply to the factories generating their own electricity. In a statement on Friday, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Nasser Hyatt Maggo and other office-bearers said that the government was making efforts to appease the International Monetary Fund (IMF) at the cost…
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The Petroleum Division has asked the Auditor General of Pakistan (AGP) to initiate a forensic audit of top 10 oil marketing companies (OMCs), which were allegedly involved in petrol crisis in June last year. The Petroleum Division has sent a questionnaire to the AGP, asking it to focus on it while conducting the audit of OMCs. The forensic audit will…
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The first commercial scale plant to recycle all types of plastic using high pressure steam in the U.K. began construction. The plant in the northeast of England will cost 30 million pounds ($41 million) to build and ultimately process 80,000 metric tons a year of plastic waste after its starts operating by the end of 2022, according to a statement…
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China agreed to invest $400 billion in Iran over 25 years in exchange for a steady supply of oil to fuel its growing economy under a sweeping economic and security agreement signed on Saturday. The deal could deepen China’s influence in the Middle East and undercut American efforts to keep Iran isolated. But it was not immediately clear how much…
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Special Assistant to the Prime Minister on Petroleum Nadeem Babar has been asked to resign from his position over last year’s fuel crisis, federal minister Asad Umar announced on Friday. Addressing a press conference, he said Prime Minister Imran Khan had asked Babar to step down from the position for a 90-day period, during which the Federal Investigation Agency (FIA)…
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Poor governance, incompetence, lack of transparency, distribution and transmission losses (a euphemism for theft), have made powering Pakistan a transMission Impossible. A recently released book by the Woodrow Wilson International Centre for Scholars (Wilson Center) reviews the energy crisis in Pakistan and raises the question if there is a way out of Pakistan’s endless energy crisis? A careful read of the book…
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The Executive Board of the International Monetary Fund (IMF) has completed the second, third, fourth and fifth reviews of the Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan and approved an immediate disbursement of $500 million for budget support. Following the Executive Board discussion on Pakistan on March 24, IMF Deputy Managing Director and Acting Chair Antoinette Sayeh…
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Special Assistant to Prime Minister on Climate Change Malik Amin Aslam has said tree plantation is highly important to keep an atmosphere clean and healthy. He said this while inaugurating the Miyawaki Forest at Botanical Garden Jallo here on Thursday. He said planting trees was the only way to deal with smog and environmental pollution. He congratulated the Parks and…
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Abdulaziz Hamad Aljomaih, representing Aljomaih Group of Saudi Arabia with major shareholdings in K-Electric, Pakistan’s only private and vertically integrated utility, held a range of high-level meetings in Islamabad and Karachi during recent visit to Pakistan, including the Prime Minister Imran Khan, President Arif Alvi, Finance Minister Abdul Hafeez Sheikh, Privatization Minister Mohammedmian Soomro and Energy Minister Omar Ayub Khan.…
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