Year: 2021

Special Economic Zones to be set up in Thatta, Chakwal to attract Chinese investment

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BEIJING, March 17 (APP): Dynamic Engineering and Automation (DEA) has launched two Special Zones (SEZs) at Pir Phato, Thatta and Padshahan, Chakwal districts and concluded negotiations with Chinese investors and companies to establish manufacturing facilities, global service centers, R&D labs and sales centers with estimated investment of US $5 to $7 billion. A number of multi-billion Chinese companies have confirmed their investment plans in the two SEZs which have been launched in an effort to promote Foreign Direct Investment (FDI) in line with the vision of Prime Minister Imran Khan,…

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Louisiana oil and gas industry in danger after President Biden cancels 80-million-acre oil lease sale

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This comes after President Joe Biden cancelled a March oil lease sale in the Gulf of Mexico. Nearly 80 million acres of available leases would have been sold this week. The damage to Louisiana’s oil and gas companies started in January when President Biden signed an executive order banning all new oil and gas leases on public land and waters for 60 days. “Right now I think we’re still pretty much in the holding pattern. It was a 60-day ban, and he was going through relook at it, the president,”…

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Biden’s Energy Agenda To Reduce Oil Production And Boost Prices

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Joe Biden had a neat, nine-point plan for energy when he campaigned for president. He started putting this plan into action on his first day in the White House with the cancellation of the notorious Keystone XL pipeline and has since then continued with his tough stance on fossil fuels. The argument that this tough stance will, in fact, benefit oil producers has been made since the campaign trail. It went like this: Biden’s fight for less oil and gas and more renewable energy will hurt U.S. oil and gas…

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Regularization of services: HESCO’s contract employees hold protest rally

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HYDERABAD: The contract employees of Hyderabad Electric Supply Company (HESCO) on Thursday staged a protest demonstration for regularization of services. HESCO employees led by Ali Gohar Chana, Shahid Jokhio, Shahid Jokhio, Zafar Jatoi and others took out rally opposite Hyderabad Press club for acceptance of their demand to regularize services as according to them, contract employees of Sukkur Electric Power Company (SEPCO) had already regularized their contract employees. According to the protesting employees, they have been working in HESCO since 2013 on contract basis and are still waiting to be…

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KE committed to ensure fresh industrial connections’

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KARACHI: K-Electric is fully committed and engaged with industry stakeholders to ensure fresh electricity connections as well as load-enhancement for its industrial consumers. The power utility has prioritized its industrial customers and continues to do so following the recent decision of the Cabinet Committee on Energy (CCoE) to discontinue gas supply to captive power plants of non-export related industries. It has been working round the clock to ensure that there is minimal disruption to industrial activities. As per surveys conducted by the power utility, the overall load-requirement/load-enhancement of captive power…

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