KOHAT: MNA Shehryar Afridi has said a Pakistan State Oil depot will soon be reopened in Kohat after 13 years. The depot located on the Rawalpindi Road was closed in 2008 during the fight against militancy. Talking to mediaperosns here on Sunday, he said the owners of filling stations had to pay extra rent on transportation of oil from Peshawar…
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Economic experts claimed that Pakistan’s various sectors are ready to receive maximum benefits from China-Pakistan Economic Corridor (CPEC) project According to political economists, many sectors will get benefits from the project as in addition to the economic corridor, CPEC in Pakistan will include energy projects, infrastructure development, industrialization, and the expansion and improvement of Gwadar Port. The project has great…
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Minister of State for Information and Broadcasting, Farrukh Habib on Saturday said government of Pakistan Tehreek-e-Insaf (PTI) has initiated a number of projects for the welfare of poor including health cards and prime minister’s housing scheme. He said large number of families living in different parts of Khyber Pakhtunkhwa were being benefited with health cards and availing medical facility free…
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SINGAPORE, June 7 (Reuters) – Oil extended gains to hit fresh multi-year highs on Monday, underpinned by a brighter economic and fuel-demand outlook, while investors eyed the outcome of talks between Iran and world powers over a nuclear deal that is set to boost crude supplies. Brent crude futures for August rose 28 cents, or 0.4%, to $72.17 a barrel…
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Islamabad June 06 2021: Special Assistant to Prime Minister on Power and Petroleum said that foreseeing ample capacity government has decided to retire older plants based on Residual Furnace Oil (RFO). This will help to save PKR200 in capacity payments. Government will buy private Independent Power Producers on Net Present Value basis which comes out to be half of the…
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The International Maritime Organization (IMO)has certified Byco’s Oil Spill Response (OSR) team for achieving Level II & III professional training and certification. Byco is the only Pakistani oil company having a dedicated Oil Spill Response team capable of managing oil spills, whose members are IMO certified. Mr. Azfar Saeed Baig, Vice President, Byco Petroleum Pakistan Limited, recognizing the achievement, commented:…
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Getz Pharma Pvt. Ltd. announced today that its new manufacturing facility, named Astola, has been awarded the First LEED Platinum Certification for a pharmaceutical plant in South Asia, by the U.S. Green Building Council. With this achievement, Pakistan has proudly become the first South Asian country to have received the LEED Platinum Level Certification for a pharmaceutical plant. Achieving the…
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The National Electric Power Regulatory Authority (Nepra) has revised the seven- month tariff for K-Electric on account of fuel adjustment. It allowed the power utility to increase the rates for July, August, September and December 2020, and decrease the tariff for June, October and November 2020. Nepra issued a decision on Friday relating to revision in tariff for K-Electric on…
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The government is making its mind to introduce more slabs for electricity consumers to ensure the implementation of targeted subsidies in the next budgetary year 2021-22. “Yes, we are working on it and will carve out slabs starting from 200-300 units 301-400 units, 401-500 units, 501-600 units and 601-700 units and so on for ensuring the targeted subsidy,” SAPM on…
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A new Indicative Generation Capacity Expansion Plan (IGCEP) has been submitted by the National Transmission and Despatch Company (NTDC) for the regulator’s approval. There are some questionable recommendations made in the model that we will discuss in this space. Should we adopt the recommendations because a computer model has been used or we should apply our minds, analyse and evaluate…
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