Month: June 2021

Refineries decry imposition of duty, taxes

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The country’s all the five oil refineries have protested over imposition of duties and taxes on crude oil and violation of commitments by the government for incentives for upgrade and modernisation. They have asked the government to honour commitments it had made with the refining sector as part of the new policy for petroleum refining finalised recently and awaiting formal approval and announcement. In a joint letter to the Ministry of Energy Petroleum Division, all the five refineries have noted that many clauses in the Federal Budget 2021-22 were “not…

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Power shortages

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WE have surplus generation capacity and we have frequent electricity shortages — particularly when the demand peaks in summers. Sounds like a paradox? Indeed, it does. The recent forced power cuts experienced by hapless consumers across the country were no surprise. People have suffered sudden blackouts of long duration before, and there is no guarantee these will not be repeated next year or the year after. The other day, SAPM on Power and Petroleum Tabish Gauhar took to Twitter to explain the reasons for the recent blackouts. According to him,…

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Govt weighs ‘options’ to raise petrol, diesel prices

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The prices of all petroleum products are set to significantly go up on Tuesday owing to higher international prices and some adjustments in tax rates. Three different options are under consideration of the government. Based precisely on existing tax rates and oil import price, the ex-depot price of high-speed diesel (HSD) is estimated to go up by Rs5.58 per litre and that of petrol by Rs4.27 per litre. Similarly, the ex-depot prices of kerosene oil and light diesel oil (LDO) are calculated to increase by Rs3.77 and Rs4.05per liter, respectively,…

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Clean energy investment in developing economies top global priority: IEA

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The special report — carried out in collaboration with the World Bank and the World Economic Forum — sets out a series of actions to enable these countries to overcome the major hurdles they face in attracting the financing to build clean, modern and resilient energy systems that can power their growing economies for decades to come. Annual clean energy investment in emerging and developing economies needs to increase by more than seven times — from less than 150 billion dollars last year to over 1 trillion dollars by 2030…

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Unilever Pakistan and Green Earth Recycling Pakistan have collaborated to convert plastic waste into park benches

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Unilever Pakistan and Green Earth Recycling Pakistan have joined hands to announce an initiative through which they will collect and repurpose plastic waste into sustainable furniture. The company has joined hands with Green Earth Recycling’s as its business model is based on converting plastic waste into useful ‘recycled plastic furniture’, giving the plastic a second life by processing a combination of waste plastic material and powerful technology. The company’s sustainably-made furniture is resistant to natural damage and helps save trees while reducing solid plastic waste. This partnership with Green Earth…

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