Year: 2021

The Cabinet Committee on Energy (CCoE) on Friday approved allocation of pipeline capacity to two new LNG terminal developers to facilitate their investment in the additional gas infrastructure and once again decided to dissolve Pakistan Electric Power Company (Pepco).The company was disbanded twice in the past. A meeting of the CCoE, presided over by Planning and Development Minister Asad Umar, “approved the summary submitted by the Ministry of Maritime Affairs on the report of the inter-ministerial committee (IMC) on the establishment of new terminals,” said an announcement. It said the…

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The business community has lambasted the Sui Southern Gas Company (SSGC) for shutting down gas supply for 72 hours to the industrial sector. Businessmen Group (BMG) chairman Zubair Motiwala in a statement on Friday asked the SSGC to immediately restore supply to industries as gas suspension would terribly affect production and it would become difficult to fulfil their commitments. Mr Motiwala, who is also a former president of the Karachi Chamber of Commerce and Industry, said the SSGC, instead of resorting to gas suspension, must adopt load management and rationalisation…

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This publication is an authentic source of data and information and a must read for all the stakeholders according to their needs, interest and comprehension. SOI has reported 140 major cases and determinations indicating that Nepra has been quite busy during the outgoing year. SOI highlights a lot of issues which may not mean that it agrees and wants to implement most of them. However, its mere discussion does indicate the recognition of those issues. Admittedly, all issues may not be under sole discretion and domain of Nepra, it is…

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October 6: Federal Minister for Economic Affairs Omar Ayub Khan said on Tuesday afternoon that Pakistan would be a regional hub for transit trade and investment opportunities in the near future thanks to CPEC. In a meeting here with The Kazakhstan Ambassador Yerzhan Kistafin at his office, Khan highlighted that there was huge potential for enhancing bilateral trade and investment between the two countries, especially in CPEC SEZs.

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West Texas Intermediate crude futures, the U.S. oil benchmark, crossed $80 per barrel on Friday for the first time since November 2014 as demand rebounds while supply remains tight. The U.S. oil benchmark jumped more than 2% to trade as high as $80.09 on Friday, before easing from that level and hovering around $79.70 at 11:30am on Wall Street. Brent crude, the international benchmark, advanced 1.7% to $83.32 per barrel. Oil prices have surged in recent days alongside a broader rally in commodities including natural gas and coal amid an…

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