Month: July 2021

Pak, Korean firms collaborate to expand EV charging infrastructure in Pakistan

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Zi Solar, a leading renewable energy solution provider in Pakistan, has entered into partnership with Aeonus, a Korean global leader in renewable energy, for the deployment of Electric Vehicles (EV) charging and storage equipment in the country. The two companies will also collaborate in research and development to promote electric charging infrastructure and facilities in Pakistan. The collaboration is in line with the government’s objective to promote electric vehicles to improve the environment and to reduce the oil import bill. The collaboration also complements the Pakistan Electric Vehicles Policy 2020-2025…

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Pakistan Seeks Seven LNG Cargoes For October, November

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The PLL issued a tender for the supply of eight cargoes for September and October, 2021. The lowest offers ranged from $13.78/mmbtu to $16/mmbtu. Gunvor Singapore offered $15.6/mmbtu for two cargoes to be delivered on September 6 to 7 and September 10 to 11, 2021. QP Trading offered $13.78/mmbtu for the delivery on September 16 to 17, and $13.98/mmbtu for deliveries scheduled on September 30, October 11 to 12 and October 26 to 27, 2021. The Total Gas and Power offered $14.67/mmbtu for the delivery on September 26 to 27,…

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Pakistan-Russia Joint Venture To Be Financed Through GIDC: Official

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Pakistan-Russia

The country’s flagship project, Pakistan Stream Gas Pipeline (PSGP), will be financed through the Gas Infrastructure Development Cess (GIDC), an official said on Monday. During a meeting of the Senate Standing Committee on Petroleum, held under the chairmanship of Senator Muhammad Abdul Qadir, Petroleum Division secretary Dr Arshad Mahmood said that this joint venture between Russia and Pakistan is the country’s most strategic project. The Ministry of Finance had already collected Rs321 billion under the head of the Gas Infrastructure Development Cess Act. The senior officials had already assured them…

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Over Rs25,000 power bill/month: 7.5pc tax to be imposed on non-filers

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The government has made electricity 7.5 percent more expensive for domestic non-filer consumers whose monthly consumption is over Rs 25,000 per month. Lahore Electric Supply Company (Lesco), on its website, has intimated its consumers about the new tax (withholding tax) to be charged from July 1, 2021. “Dear customers! Government of Pakistan has imposed 7.5 percent tax on electricity bills of over Rs 25,000 monthly. If you are a filer, immediately send your reference number along with identity card number on 8118, so that you can be exempted from this…

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Cargo ship to remain stuck at Clifton beach till Aug 15

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The cargo ship that has been stuck at Clifton beach in Karachi will remain stranded till August 15 as the engine of the vessel is too weak to function, said Special Assistant to the Prime Minister on Maritime Affairs Mehmood Moulvi on Monday. Speaking at a press conference alongside the Federal Minister for Maritime Affairs Ali Zaidi, Moulvi said the authorities will need to unload oil from the ship first to move it. He said the port remained closed during Eid that resulted in the suspension of the rescue work,…

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