Month: June 2021

Overcoming Chemical Management Challenges in Oil and Gas

Admin

The oil and gas industry is vast, complex and heavily relies on millions of workers worldwide to keep it moving. The sector has made progress in recent years to better protect workers and tighten up safety standards, which is reflected in the decreasing number of sector-wide fatalities. As a major hazard industry nevertheless, common and health and safety exposures remain. The oil and gas industry is vast, complex and heavily relies on millions of workers worldwide to keep it moving. The sector has made progress in recent years to better…

Read More

Suki Kinari Hydropower to be put into operation in 2022

Admin

Suki Kinari Hydropower, as one of the biggest private-sector hydropower developments in Pakistan and one of the highest priority early harvest projects within the China-Pakistan Economic Corridor (CPEC), is expected to be put into operation in 2022. Suki Kinari Hydro Private Limited (SK Hydro), in which China Gezhouba Group holds a majority stake of 98%, is developing the project with an estimated investment of $1.96bn. “I have witnessed the joint efforts of the Chinese and Pakistani employees in Suki Kinari Hydro Private Limited (SK Hydro). Relevant government departments of the…

Read More

Pakistan Stream project vital to energy supply ecosystem: Tabish

Admin

Special Assistant to Prime Minister on Power and Petroleum, Tabish Gauhar has termed new Pakistan Stream gas pipeline project critical to the country’s energy supply ecosystem. In a tweet on Wednesday, the SAPM said, “A recently signed protocol to the intergovernmental agreement (IGA) with Russia is a step forward.” He further said, “Our local companies (SNGPL, SSGC, PAPCO) are also working on a complementary/alternative proposal to expedite construction and lower total project cost.” Earlier last week, Russian Energy Minister Nikolay Shulginov said that construction works on the Pakistan Stream gas…

Read More

Sales tax rates on kerosene, light diesel oil slashed

Admin

The government has announced a cut in sales tax rates on kerosene oil and light diesel oil in order to absorb the price hike on petroleum products. In this regard, the Federal Board of Revenue (FBR) has issued SRO 726(I)/2021 to comply with the decision of the government for keeping the POL prices intact by absorbing a hike in prices through downward adjustment in sales tax rates. The sales tax rate on kerosene oil has been reduced to 10.07 percent from the previous rate of 15.44 percent. Similarly, the sales…

Read More

Govt working on projects to generate electricity at cheaper rates: Aliya Hamza

Admin

Parliamentary Secretary for Textile, Commerce, Industries and Production and Board of Investment, Aliya Hamza Malik on Wednesday said that Pakistan Tehreek e Insaf (PTI) government under the leadership of Prime Minister Imran Khan, was working on projects to generate electricity at cheaper rates. “Various Hydro power projects are under consideration to generate electricity at cheaper rates,” she said while responding to PPP Leader, Saleem Mandviwala’s press conference. She said, National Accountability Bureau (NAB) had recovered Rs 300 billion from Omni Group. The International Monetary Fund (IMF) recently released its report…

Read More