Surging prices diminish CNG’s attraction as fuel of choice

After the latest hike petrol is selling at Rs123.30 per litre, but CNG still provides a saving of 5pc,” claims Ghayas Paracha, group leader of the All Pakistan CNG Association (APCNGA). In Punjab and Islamabad, CNG is being sold at an average price of Rs121 per litre. Despite very low savings commercial transport owners and 20pc private car owners still rely on CNG, he added. Mr Paracha said the influx of used imported 660cc vehicles with EFI engines and high mileage benefit has also given a major blow to the…

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Better utilisation of mining resources to be ensured: CM

The revolutionary steps for the betterment of mining sector have enabled government to collect a record revenue of more than Rs 10.19 billion for the fiscal year 2020-21. Chief Minister Usman Buzdar said that better utilization of mining resources will be ensured in Punjab. The Chief Minister said restrictions/limitations on the cement industry have been lifted/removed for the development of the construction sector and 22 NOCs are being issued for new cement factories. Usman Buzdar said that NOCs for the installation of 10 cement plants have so far been issued…

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Punjab issues 22 NOCs for setting up cement factories

The Punjab government has regulated the cement sector and issued 22 no-objection certificates (NOCs) for the setting up of new cement factories while ensuring that no more unit is established in the areas declared “negative”. A study earlier conducted declared areas around Kallar Kahar as “negative” for the setting up of cement factories as the underground water had fast depleted. Mines and Minerals Department Secretary Amir Ijaz Akbar told Dawn the salt range had been found as an ideal location for the setting up of cement factories as almost all…

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Petroleum Students And Workers: How To Find And Keep A Job – Interview With Recent Graduate.

Connor Albrecht is in the Oil & Gas Engineering Division at Texas Railroad Commission in Austin. Previously heworked on the engineering teams with Halliburton HAL -1.6% in the Eagle Ford, Parsley Energy in the Permian, and at Ameredev in the Delaware basin of New Mexico. He graduated from Texas Tech in 2017 with a degree in Mechanical Engineering. Connor is unafraid to spell out the rewards as well as the difficulties of changing jobs within the oil and gas industry. He spoke about his career path, personal prospects, and where he thinks the industry is…

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Additional tax imposed on non-filer entities

The federal government has imposed additional sales tax ranging between 5 and 17 per cent on supply of electricity and gas to the non-filer industrial and commercial entities in an attempt to broaden the tax base. The additional taxation on the industrial and commercial entities that did not exist on tax roll — income tax and sales tax — was one of the budgetary proposals given by the Pakistan Business Council. According to a notification (SRO1222 of 2021), the additional sales tax will be levied on the total billed amount…

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Pakistan set to secure 4th or 5th position on world ranking of countries having most mangrove forests’

Pakistan’s position on the world ranking of countries having most mangrove trees in their coastal zones will further improve in the coming months owing to the aggressive plantation campaign by the Sindh government’s Forest Department.   “Pakistan at present stands at the seventh position on the world ranking of mangrove forests as in the next two to three months our standing will further improve to the fourth or fifth position,” said Sindh Local Government Minister, Syed Nasir Hussain Shah, who in the recent past also held the portfolio of the…

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Harnessing water resources key to national development: Minister WR

Water Resources Federal Minister Moonis Elahi  visited WAPDA House, therein he was briefed about the development portfolio of WAPDA and the progress achieved so far on water and hydropower projects. Speaking on the occasion, the Federal Minister said that harnessing the water resources is a key to national development. That is why, the Federal Government is constructing water and hydropower projects in the country to improve water situation and increase the ratio of hydel electricity in the National Grid for providing low-cost energy to stabilize the economy and provide relief…

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Germany will provide €8.1 million to Pakistan for renewable energy projects

Cooperation between Pakistan and Germany has grown considerably in the energy sector, said Federal Minister for Energy Muhammad Hammad Azhar. Talking to German Ambassador Bernhard Schlangheck, the minister appreciated the recent signing of implementation agreement for GIZ Pakistan’s Renewable Energy and Energy Efficiency-II (REEE-II) project worth €8.1 million. “The new Renewable Energy Policy approved by the Council of Common Interests is a major milestone in the energy transition of Pakistan,” he said. “The policy will drive a substantial shift to renewable sources in the power generation capacity.” He elaborated that…

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Yesterday Pakistan entered into a 664 Million US$ defence deal with Argentina

Yesterday Pakistan entered into a 664 Million US$ defence deal with Argentina (Sold 12 JF 17 Block 111) which UK told Pakistan not to do as both UK and Argentina fought for the Faukland Island in the past and according to UK, Argentina doesn’t have any other enemy to use these jets except The UK. The deal was approved today and in next hour NZ cancelled it’s tour. Now both Australia and England would cancel their tours to Pakistan as well.

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Govt wants people to use electricity, not gas, in winter

With a summary for increase in price of natural gas by up to 35 per cent on the table, the Cabinet Committee on Energy (CCoE) on Friday approved a flat tariff of Rs12.96 per unit for electricity consumers across the country on additional consumption for four winter months in an effort to promote use of electrical appliances for heating room and water. The CCoE meeting presided over by Planning Minister Asad Umar “approved the summary submitted by Power Division on the winter incentive package on incremental consumption for all domestic,…

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