July-2021
Day: August 1, 2021
Made in Pakistan’ EVs to be launched soon
Overseas Pakistanis have developed a ‘Made in Pakistan’ electric car that will be unveiled in the next three to four months. In a first, Pakistan is all set to roll out its first electric car manufactured by DICE Foundation, a group of Pakistanis based in United States, Canada and the United Kingdom, aimed at showcasing expertise of overseas Pakistanis in the field of technology. The project is one of the four mega projects run by DICE. DICE Foundation Founder and Chairman Dr Khursheed Qureshi told The Express Tribune that Pakistan…
Read MorePakistan purchases four LNG cargoes at highest-ever prices since 2015
The government has procured four liquefied natural gas (LNG) cargoes at the highest-ever rates at $15.19-$15.49 per mmBtu for the month of September. The state-owned Pakistan LNG Limited (PLL) first cancelled the tender of eight cargoes for September and October, arguing that the rates were higher at $13.78 per mmBtu, but now it has procured four cargoes at the highest-ever rates. The PLL went for a closed tender for the month of September and managed to get the rates for four LNG cargoes at over $15 per mmBtu, which are…
Read MorePakistan to auction oil, gas blocks by year-end
Pakistan has announced that it will auction highly lucrative oil and gas exploration blocks, mainly the ones earlier awarded to exploration firms but their deals were later cancelled or remained under litigation, by the end of the year in an effort to increase hydrocarbon production. This would also help reduce the country’s reliance on expensive imported fuels. The government unveiled the strategy to increase local production and overcome energy scarcity after booking four import cargoes (ships) of liquefied natural gas (LNG) at a high price of over $15 per million…
Read MoreGovt puts AEDB CEO hiring on hold
The government has put the appointment of Alternative Energy Development Board (AEDB) chief executive officer (CEO) on hold following its merger with Private Power and Infrastructure Board (PPIB). Meanwhile, Prime Minister Imran Khan has directed the Power Division to expedite the legislative process for merger of AEDB with PPIB. The Power division said that hiring of the AEDB CEO is not feasible from open market at this stage of merging the two entities. The Power Division briefed the cabinet in a recent meeting that the AEDB was a statutory organisation…
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