Day: August 3, 2021

Shell Pakistan Limited collaborated with Uber and Muawin by Cashew Financial Services, to deliver a fuel management solution with unparalleled features to Uber partner drivers. Through this collaboration, Uber partner drivers will get access to fuel financing from Muawin by Cashew Financial Services, to fulfill their mobility needs at Shell. By means of tech-enabled financing and personalized Shell Fleet Cards, the Uber partner drivers can avail a wide range of convenient offers at Shell fuel stations. The offer is further enriched with fabulous discounts on lubricants and car washes, besides…

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High power testing of ±660kV HVDC Matiari-Lahore Transmission line is completed on fast track with close liaison of Pak Matiari Lahore Transmission Line Company (PMLTC) and National Transmission and Despatch Company (NTDC). HVDC system, on Monday, transmitted 3000MW power on Bi-pole successfully as per requirement of Transmission Services Agreement. Managing Director NTDC Engr Muhammad Ayub remained in control room of NPCC during the test and monitored HVDC parameters and also sought update about the test and issued guidelines to the commissioning working group, consultant and independent Engineer to perform test…

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Pakistan has once again created history, as oil marketing companies sold a record high 0.81 million tons of petrol in July mainly due to jump in the number of vehicles on the road in the wake of availability of banks’ financing for owning a car at low interest rates. “Highest ever MoGas (petrol) sales of 0.81 million tons were recorded during July 2021, up by 12.5% compared to 0.72 million in the same month last year,” Arif Habib Limited (AHL) said in a brief comment on Monday. Petrol is mostly…

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The consumers are set to pay the price of expensive liquefied natural gas (LNG) deals as the Oil and Gas Regulatory Authority (Ogra) on Monday raised prices of LNG by up to 5.59%. The Pakistan Muslim League-Nawaz (PML-N) has recently called for initiating inquiry against the expensive LNG deals. The regulator has allowed increase in tariff for the consumers of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) for the month of August. Ogra increased the provisional price of RLNG for consumers of both gas…

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The National Electric Power Regulatory Authority (Nepra) on Monday allowed charging the highest hydel tariff of RsRs9.118 per kWh on provisional basis. It allowed Neelum-Jhelum Hydropower Project (NJHP) to continue selling its electricity at provisional tariff of Rs9.118 per kWh on take and pay basis with must-run condition. This was already effective from October 17, 2019. The tariff is being charged as to pay interest on debt and repayment of principal amount of Rs317.367 billion taken from outside and local sources for construction of this project that cost Rs428.296 billion.…

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