Month: May 2021

In a major development, Pakistan and Russia are set to formally sign tomorrow (May 28) in Moscow the amended Inter-Governmental Agreement (IGA) for the flagship project of North-South Gas Pipeline (NSGPP). Soon after the formal signing, the pipeline project will be renamed as Pakistan Stream Gas Pipeline (PGSP). The cost of the project has been estimated at $2.25 billion by Pakistani officials, which is not yet finalised by the Russian side. Later, the cost will be decided keeping in view the scope of the project, a senior official at the…

Read More

A ship full of hazardous materials arrived on Wednesday in the coastal town of Gadani located in Balochistan’s Lasbela district despite repeated Interpol warnings. The Deputy Commissioner of Lasbela has taken notice and ordered concerned authorities to conduct an inquiry into how a ship filled with hazardous materials can be docked at Gadani Shipbreaking Yard. According to sources familiar with the matter, it has been brought to the yard for shipbreaking. The Gadani Shipbreaking Yard is the third largest ship-breaking yard in the world and consists of 132 ship-breaking plots.…

Read More

The government is taking various measures to develop a more reliable and efficient power generation, transmission and distribution system in the country, said Minister for Economic Affairs Omar Ayub Khan. Chairing a meeting of the National Coordination Committee on Foreign-Funded Projects (NCC-FFP) on energy sector on Wednesday, he said that the government was committed to tapping the immense potential of renewable energy resources including solar, wind and hydel to provide affordable and environment-friendly electricity. During the meeting, the committee discussed 14 ongoing projects of the energy sector including power generation,…

Read More