Year: 2021

Hammad formally takes over charge of Ministry of Energy

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Federal Minister for Energy, Hammad Azhar has formally taken over charge of Ministry of Energy. Secretary Power Division, Ali Raza Bhutta and senior officers of the Ministry welcomed the newly appointed minister on his arrival to the Ministry. Secretary Power Division briefed the Minister about the power sector related affairs, different sections of Power Division and attached departments and organisations. Power sector is the most unfixed and challenging sector. Hammad Azhar, who remained in Finance Ministry for two weeks, before joining Ministry of Energy will take individual briefings from each…

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Govt seeks time to meet WB’s loan terms

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The government on Tuesday sought more time from the World Bank to implement its conditions for qualifying for $1.5 billion loans to meet the burgeoning external financing needs, sources told The Express Tribune. Pakistan is seeking three budget support loans, totalling $1.5 billion, from the World Bank before the end of June, they said, adding that the World Bank had set May 10th deadline to implement the conditions for the loans approval. Finance Ministry officials said that Finance Minister Shaukat Tarin held a virtual meeting with Axel van Trotsenburg, the…

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Chairman NEPRA Calls On Sadiq Sanjrani

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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 21st Apr, 2021 ) :Chairman National Electronic Power Regulatory Authority (NEPRA) along with member NEPRA Balochistan Wednesday called on Chairman Senate Muhammad Sadiq Sanjarani here at Parliament House to brief him on power supply in the province. While exchanging views on the overall energy situation in the province the Chairman Senate said that the power system in Balochistan should be improved further. In order to give relief to the people of Balochistan in the energy sector, the Chairman Senate directed NEPRA…

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10-member inter-ministerial body to improve logistics chain

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The Cabinet has constituted a 10-member inter-ministerial committee to rationalize processes and develop cross-cutting strategies to reduce time and costs across the entire logistics chain, official sources told Business Recorder. Secretary, Maritime Affairs Division, in his presentation to the Cabinet on rationalization of port charges said that in order to appreciate the issue of the charges at the port in its true perspective, all contributory factors may be looked at holistically, which include port, terminal, shipping line and shipping agent. The port charges have direct linkages with the performance of…

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OMCs refuse to bear losses

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As oil marketing companies (OMCs) have refused to bear operational losses in the transportation of petrol through a pipeline, the government is likely to pass on these losses to the oil consumers. High-speed diesel and petrol are among the widely used fuels in the country, with diesel being utilised by the transport and agriculture sectors. The main source of transportation for petroleum products, mainly petrol, is oil tankers, which are not efficient and there have been reports of oil theft by these lorries. At present two pipelines – the White…

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