Year: 2021

Rawalpindi to get 100 electric buses

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A comprehensive plan has been formulated on Punjab Chief Minister Usman Buzdar’s directives to provide international standard public transport to citizens living in major cities like Lahore, Rawalpindi, Faisalabad, and Multan. According to details, 100 electric buses will be run in Rawalpindi to modernise these cities’ transport system for which a new route plan will be designed. Route No. 1 will be from Saddar to New Airport Islamabad. Route No. 2 from Rawat to Saddar, Route No. 3 from Faizabad via IGP Road to Airport and from Sangjani to Radio…

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Use of RLNG by K-Electric to cost Rs18 billion

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K-Electric has said that enhanced use of re-gasified liquefied natural gas (RLNG) to meet growing demand for power from the city of ports during the summer season will cost an additional Rs18 billion during March-September and consumers will partially share the cost. Besides, the company has decided to provide maximum possible relief to its consumers during Ramazan, but it would strictly follow its policy of intentional load-shedding of up to seven hours a day in 25% areas in the city, said K-Electric CEO Syed Moonis Abdullah Alvi. The company resorts to intentional…

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IMF: Misplaced expectations?

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Prime Minister Imran Khan while remarking on (the United Nations Development Programme’s) UNDP’s Pakistan National Human Development Report stated it is time for a new International Monetary Fund (IMF) package given the economic disruptions ahead due to a “very scary” third wave of Covid-19. These sentiments, be they coincidental or by design, mirror the sentiments expressed in a report titled ‘Pakistan Development Update’ released by the World Bank the same day wherein it was stated that “Pakistan’s economic growth is expected to recover slowly, given heightened uncertainty surrounding the Covid-19…

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Unlocking Pakistan’s destiny — One SMB at a time

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As a nation, Pakistan reigns as master of its potential yet buckles in the face of prevailing challenges. The country is confronted by uncertain geo-political realities. It shares borders with nations that are home to the second- and third-largest defence budgets globally, while the world’s lone superpower and biggest military spender retains key interests in the region. Closer to home, trade imbalances and debt intricacies continue to be a factor in macro-economic conversations. Elsewhere, UN projections regarding Pakistan’s ongoing population explosion makes for grim reading. The world body predicts: by…

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OGRA hikes April LNG prices by at least Rs24 per mmbtu

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The Oil and Gas Regulatory Authority (OGRA) has Wednesday announced a revision in the imported LNG prices for the month of April hiking $0.17 for the Sui Northern system and $0.16 for the Southern, ARY News reported. For the month of April, Sui Northern Gas Pipelines Limited (SNGPL) shall sell the imported gas against $9.763 per unit, according to the notification while for the Sui Southern Gas Company, the per unit rates will be $9.477 from now on. The previous rates were $9.59/unit and $9.31/unit for SNGPL and SSGC respectively…

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