The production of iron and steel, with billets/ingots mainly used in the construction industry, in the last 10 years swelled by 196 per cent to 4.777 million tonnes in FY21 from 1.616m tonnes in FY12. H/CR sheets/strips, coils/plates, also known as flat steel products for production of electronics, surged to 3.296m tonnes in FY21 from 1.850m tonnes in FY12, Pakistan…
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he Federal Government is likely to amend Second Schedule of Petroleum Products (Petroleum Levy) Ordinance, 1961 aimed at including the name of PLL in it and allow Oil and Gas Regulatory Authority (Ogra) to determine RLNG price on behalf of the company for 900 MW RLNG-fired plant of Karachi Electric (KE), sources close to Secretary Petroleum told Business Recorder. Sharing…
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Senate Standing Committee on Petroleum Tuesday directed the state-owned Oil and Gas Development Company Limited (OGDCL) to expedite hydrocarbon exploration activities in potential areas aimed at meeting the country’s growing energy needs in a more effective manner. The committee meeting, chaired by Muhammad Abdul Qadir, was given a detailed briefing by the company’s top management about working, production and field…
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The Chairman of Ogra stated that there’s no chance of taking down gas utility prices any time soon as the energy assets in the country are running out. In a session conducted by the Senate standing committee of cabinet secretariat chairman Oil and Gas Regulatory Authority (OGRA) Masroor Khan stated Pakistan’s resources of natural gas are running out and as…
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The government will revise prices of petroleum products on Wednesday (today). The prices may be increased by up to Rs10.5 per litre for the next fortnight if the calculations of the Oil & Gas Regulatory Authority (Ogra) are accepted by the government. However, a senior official told Dawn that the government might pass on a partial impact of increase in…
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Engro’s liquefied natural gas (LNG) import terminal is scheduled to shut down for four days (Tuesday-Friday) for repair and maintenance work and the suspension is expected to halve LNG supplies to power plants, CNG stations, commercial, industrial and residential consumers. LNG supply from the terminal will remain suspended for the first two days of repair work, which is being undertaken…
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As the Islamabad High Court ruled against allotment of more than one plot to top bureaucrats at public expense, documents reveal that 588 senior officers in grades BS-20 to BS-22 have acquired luxury double-storey houses at subsidised rates. The IHC had on Monday temporarily suspended the allotments in Islamabad’s new sectors and referred the matter to the federal government to examine whether…
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As China Pakistan Economic Corridor (CPEC) has entered the second phase, the new energy cooperation between Pakistan, ASEAN and China will still play an important role under the frame, said Badar uz Zaman, Commercial Counsellor of Embassy of Pakistan in China. “Sustainable development will be an unavoidable important agenda in the triangle cooperation,” he said in an interview during the 18th China-ASEAN Expo which concluded on Monday. At the…
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The electricity generation by WAPDA hydel power stations surpasses 8800 MW during the peak hours on Sept 12, which is the highest hydel electricity generation during the current year.
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Mining and coal-based power projects have spelled disaster for the people in Thar as the government and private corporations have not delivered on their promises of fair compensation, access to grazing lands, jobs and proper resettlement. According to a soon-to-be-released report titled “Coal rush: the impacts of coal power generation on Tharis’ land rights”, the government as well as mining…
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