The federal government has decided to amend Natural Gas (Development Surcharge) Ordinance, 1967, that includes alteration in definitions for sale price and prescribed price aimed at enforcing recoveries and consequential punitive measures, official sources told Business Recorder. The Natural Gas (Development Surcharge) Ordinance, 1967 was promulgated to provide for levy and collection of a development surcharge on natural gas and for…
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President Vladimir Putin said on Thursday that Germany was reselling Russian gas to Poland and Ukraine rather than relieving an overheated market, adding Moscow was not to blame for Europe’s gas price crisis. European spot gas prices hit another all-time high this week after the Yamal pipeline that normally brings Russian gas to heat homes and power electricity generation in…
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A report compiled by Deputy Chairman Planning Commission on the establishment of Liquefied Natural Gas (LNG) import terminals and virtual LNG pipeline at Gwadar has recommended that potential investors be allowed to conduct all required studies at port and Ministry of Maritime Affairs, OGRA and Port Authorities should process all pending applications in this regard. The Cabinet Committee on Energy…
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Federal Minister for Energy Hammad Azhar said on Friday that he was hopeful that the gas shortage issue would be resolved, admitting that the government could not provide the fuel source through expensive imports beyond a limit. Pakistan has been facing severe shortage of gas this winter, forcing residents to buy cylinders to keep at their homes. Sui Southern Gas…
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Makhdoom Hashim Javan Bakht, Punjab’s finance minister, on Thursday assured All Pakistan Textile Mills Associations (APTMA) for pursuing issue of gas shortage to the export industry with the federal government. He was talking to a APTMA delegation led by central chairman Abdul Rahim Nasir and other office-bearers. The minister assured the delegation of full support from the provincial government to…
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Industrialists have voiced fear that the ongoing gas crisis will deal a lethal blow to the country’s gross domestic product (GDP) growth, bring down export orders and increase the cost of production for the business community. In a statement on Thursday, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Nasser Hyatt Maggo stated that the failure of the government…
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The Provincial Disaster Management Authority (PDMA) has prepared the Khyber Pakhtunkhwa Winter Contingency Plan calling for the establishment of air quality monitoring stations in major cities of the province. According to the PDMA, the initiative is meant to assess preparedness at provincial and district levels to handle emergency situations. A report carrying details of the contingency plan has declared snowfall,…
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The K-Electric, the sole power utility in Karachi, on Thursday submitted a request to the National Electric Power Regulatory Authority (Nepra) seeking a hike of Rs5.50 in tariff under fuel adjustment charges. According to the request, the power utility has requested an increase of Rs5.18 for July to September 2021, and rupee 0.32 for November. The national power regulator will…
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Sindh Governor Imran Ismail on Thursday assured a delegation of compressed natural gas (CNG) dealers for taking up the issue of pump closures and their proposals relating to smart load management during his meeting with Prime Minister Imran Khan in Islamabad on Friday. During a meeting with a four-member delegation of the CNG Association at the Governor House, the governor…
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The Cabinet Committee on Energy (CCoE) on Thursday issued directions for activation of a task force as required under LNG Policy 2011 and asked the ministries of Maritime Affairs and Energy to come up with their considered views with clarity on how to allow additional future Liquefied Natural Gas (LNG) imports through Gwadar Port. The meeting of the CCoE presided…
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