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Month: August 2021

Govt devises strategy to ensure affordable energy by 2030

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The government has devised a concrete strategy to ensure access to affordable, reliable, sustainable and indigenous electricity for all by 2030. According to the three-year performance report of the government released on Thursday, it inherited multiple challenges in the power sector, including system constraints, fast rising circular debt, inefficiencies driven by corruption, theft, growing burden of tariff non-rationalisation and the…

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Pakistan anticipates rise in cement exports to Afghanistan

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On 15 August the Taliban took over Kabul and declared their rule over Afghanistan. Taliban spokesperson Zabihullah Mujahid said at his first press conference that the Taliban would continue trading with neighbouring countries and steps would be taken to promote trade. Business people and traders in Pakistan widely welcomed the announcement and the Pakistan stock exchange (PSX) and the country’s…

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Pakistan, Russia to finish PGSP on time

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Pakistan and Russia on Thursday agreed to follow the timelines laid down to successfully implement the Pakistan Gas Stream Pipeline project. According to a statement, the scheme has made a significant headway at the conclusion of first technical session parleys between the two sides. The technical session was held in Islamabad from August 24-26, 2021. The Russian delegation was led…

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Big names involved in oil crisis

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The Federal Investigation Agency (FIA) has informed the Cabinet Committee on Energy (CCOE) that big fish were involved in the June 2020 oil crisis that were putting pressure on the agency. However, FIA officials said that Prime Minister Imran Khan had given the agency a free hand to catch the parties involved in the oil crisis. The country had faced…

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Byco 100% Vaccinated Against Coronavirus

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Byco Petroleum Pakistan Limited (BPPL), Pakistan’s largest oil refining company, hasannounced that all of its employees and staff have been inoculated against the Covid-19 virus ensuringtheir safety, health and well-being. Mr. Azfar Saeed Baig, Vice President Information – Byco Petroleum, expressed immense gratitude andappreciation to every team member who played their part in helping Byco achieve 100% vaccinatedstatus. He said,…

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Six New Projects In Petroleum Sector To Be Executed In FY 2021-22

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As many as six new projects worth Rs1,775.857 million will be executed in petroleum sector during the current fiscal year 2021-22 in order to achieve self-sufficiency in the energy sector. According to official documents, the government has allocated Rs40 million in the Public Sector Development Programme (PSDP 2021-22) for a new project, under which development of Strategic Underground Gas Storage…

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