The commercial and domestic consumers have demanded the government to withdraw the recent increase in the price of the liquefied petroleum gas. “The price of mega cylinder has reached to Rs7715 and small/ domestic cylinder to Rs2100 following the sudden increase of Rs5 per kg in LPG price in the local market,” Muhammad Ismail, a hotelier, told reporters here on…
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ADNOC Logistics and Services (ADNOC L&S) is the largest and most diversified integrated maritime logistics company in the Gulf. The company, which provides logistics, shipping and marine operations, plays a critical role in enabling the UAE’s oil and gas sector and ADNOC’s goal to maximise value from every barrel of oil it produces, processes, ships and sells. ADNOC L&S has…
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Emirates Global Aluminium, the largest industrial company in the UAE outside the oil and gas sector, today signed an agreement with Gulf Extrusions, which is owned by the Al Ghurair Group, on the innovative reuse of industrial by-products derived from production operations, as an alternative to using raw materials. The agreement adds to the efforts of Emirates Global Aluminium to…
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In the context of the fourth industrial revolution and the digital economy, new industries are emerging, and China will help Pakistan seize the wave of the technological revolution to “overtake” and achieve leapfrog development. In particular, in the process of promoting industrial cooperation and industrial park construction in China Pakistan Economic Corridor (CPEC), it is necessary to firmly grasp the…
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The Pakistan Water and Power Development Authority (WAPDA) has achieved yet another major milestone towards completion of river diversion system of Mohmand Dam Project, as two portions of Diversion Tunnel 2 of the project have been connected with precision. The project management achieved this milestone today during the mining operation at the diversion system by breaking through two portions of…
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National Electric Power Regulatory Authority (Nepra) has approved a refund of Rs 6.7 billion to the consumers of Discos for a period of 12 months on account of Quarterly Adjustment (QTA) pertaining to the 3rd Quarter of FY2020-21. The allowed benefit amount has an impact of around Paisa 6.7/kWh on uniform basis on all consumers except lifeline and increment industrial…
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The Power Division has approached National Electric Power Regulatory Authority (Nepra) for approval of a new subsidy mechanism for domestic consumers of Discos and KE, meant to bifurcate domestic consumers in more categories for higher revenue generation. The purpose of the new mechanism is to expand definition of lifeline consumers to include residential non-Time of Use (ToU) consumers having maximum…
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The Manila-based Asian Development Bank (ADB) has communicated to the Power Division in plain words that it will not extend $400 million loan for multi-billion dollars Advanced Metering of Infrastructure (AMI) project if its scope is changed and also communicated to the government to pay over $2.2 million penalty as commitment charges for not utilising the loan for the project…
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KE and Karachi share a relationship that extends over a century. We are deeply enmeshed in the fabric of this city and have witnessed its growth from humble origins to today’s bustling megalopolis. Today, Karachi is responsible for 20% of Pakistan’s GDP, contributes over 55% of federal tax revenue, and handles over 95% of foreign trade through its ports. The…
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Kuwait Ports Authority (KPA) has approved a proposal to build the Middle East’s first city to serve electric vehicle manufacturers, the authority said in a statement on Sunday. The statement does not make clear where the project, called EV City, will be located. The design and construction tendering process will be during the 2011/22 fiscal year, said KPA’s General Manager…
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