Day: August 6, 2021

Prime Minister Imran Khan has directed the concerned to finalise the tight gas policy by the end of next month after reviewing it. On Thursday, the prime minister chaired a meeting on gas reserves in the country as the country has recently been struggling to maintain gas supply to various sectors, especially power sector and fertiliser. The meeting was attended by federal ministers, Shaukat Fayyaz Tarin, Hammad Azhar, Asad Umar, Special Assistant Tabish Gohar, and concerned senior officials. The meeting held detailed discussion on the potential resources of Tight Gas…

Pakistan and Oman should cooperate in diverse sectors to enhance the bilateral economic and trade relations, said Oman Chamber of Commerce and Industry Chairman Redha bin Juma Al Saleh. At a webinar organised by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday, he stressed the need for collaboration in the fields of chemicals, plastics, metals, minerals and electric equipment at the economic zones of Oman. He also discussed the availability of long-term Omani visa for Pakistan investors and tax incentives for them. Ambassador of Pakistan to…

The senate standing committee on power has observed that the number of employees in government-owned power generation companies (Gencos) have exceeded their need and recommended a cut down on the workforce, adding that doing so would lighten the burden on the national exchequer. A meeting of the senate panel, held on Thursday, under the chairmanship of Senator Saifullah Abro also reviewed the circular debt plight and directed the Power Division (Ministry of Energy) to submit a complete breakup of where and how much was spent. It also sought details of…

THIS is now getting suspicious. What looked like rank incompetence about a year ago is now beginning to smack of malfeasance. In case you have not had a chance to follow how this government is repeatedly fumbling the business of LNG imports, here is a snapshot of the latest episode on In mid-July, Pakistan State Oil tendered in the spot markets for one cargo of LNG to be delivered in August. When the bids came they were priced above 27pc of crude. So if the price under the long-term contract…