Month: May 2021

CDWP clears three development projects of Rs6.5 billion

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The CDWP meeting, presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan, cleared three development projects with a cumulative estimated cost of Rs6.5 bn and recommended three projects worth Rs 342 bn to the Executive Committee of the National Economic Council (ECNEC) for further consideration. Senior officials from the Planning Commission and federal ministries/divisions also participated in the meeting while representatives from provincial governments attended through video conferences. Projects related to energy, higher education and nutrition were considered in the meeting. A project of energy sector namely “20 MW…

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ADNOC Enables UAE Industry Through Long-term, Reliable Natural Gas Supply

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The Abu Dhabi National Oil Company (ADNOC) announced today that it has signed long-term gas sales agreements with two of the United Arab Emirates’ (UAE) leading industrial companies: Emirates Steel (ES), the largest integrated steel producer in the UAE, and Arkan, a construction and building materials company in Abu Dhabi. The agreements underscore the role of natural gas as a key enabler for the UAE’s industrial sector, and engine of the nation’s economic growth and diversification, and support the Ministry of Industry and Advanced Technology’s (MoIAT) “Make it in the…

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CPEC: Benefits of Fast Tracking its Development | By Col (R) Muhammad Hanif

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THE China-Pakistan Economic Corridor (CPEC) is being jointly constructed by Pakistan and China with the Chinese investment of US $ 62 billion. The project comprises a network of energy-producing plants, roads, railways, air/dry ports, fiber optic lines for communications, industrial zones, and agricultural modernization programs, being built in Pakistan to connect the Kashgar city of China with the Gwadar Port of Pakistan. The CPEC will interconnect China, Central Asian Republics (CARs), Russia, South Asia, the Middle East, and North Africa through the warm waters of the Arabian Sea for facilitating…

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Electricity generation (cost) rises

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For the second month running, electricity fuel tariff monthly adjustment has returned negative value. April 2021 generation and cost of generation data is out, and it shows 24 percent year-on-year increase in electricity generation. Bear in mind that any year-on-year comparison with April of last year would render little to no meaning, given Covid circumstances. That said, there undoubtedly has been organic growth in electricity generation (and demand), as April 2021 generation numbers are the highest ever for any April. The gradually increasing demand can also be gauged from 12-month…

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Three Airlines to Launch Domestic Flights in Pakistan

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This was revealed by the Parliamentary Secretary for Aviation Division, Jamil Ahmed Khan during the National Assembly session on Monday. He apprised the parliament during the Question Hour that North Air has been given a license for the promotion of tourism and regional integration (passengers and cargo). Currently, the company is in the process to acquire an air operating certificate (AOC) from the aviation authority,” he said. He said that the Regular Public Transport (RPT) license case for Fly Jinnah Services has been submitted to the federal cabinet for approval.…

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