Year: 2021

Plan to set up mines, minerals university reviewed

Admin

QUETTA: Balochistan Governor Amanullah Khan Yasinzai on Thursday reviewed a proposal about establishing a mines and minerals university in the Nokundi area of Chagai district. Official sources said that Industry Secretary Abdul Majid and other officials concerned briefed the governor about the plan. Governor Yasinzai, who is chancellor of the eight public sector universities in the province, said since Balochistan was rich in natural resources, including minerals, all aspects for setting up of the university on natural resources, mines and minerals should be reviewed carefully and its planning should be…

Read More

Sepa tells SHC Keamari ‘gas leakage’ deaths were caused by soya bean dust

Admin

Parameters of carbon monoxide and particulate toxic matters were exceeding the prescribed limits of the provincial environmental quality standards during the soya bean and pet-coke handling at the Karachi port in February last year when 17 people died in the Keamari area and hundreds of others were affected. This was stated by the Sindh Environmental Protection Agency (Sepa) on Thursday in a report submitted to the Sindh High Court (SHC) on the alleged gas leakage incident. Filing the final report in respect of the gas leakage incident in Keamari, the…

Read More

Engro Powergen nets Rs2.079 million annual profit

Admin

The company posted a decline of 38.2 percent in earnings, as against the profit of Rs3.4 million and EPS of Rs10.51 in 2019, primarily due to subdued demand and lower sales. Company’s sales revenues clocked in at Rs8.09 million in 2020, down 38.7 percent compared with the revenues of Rs13.2 million in the corresponding year. Engro Powergen also announced final cash dividend of Rs1.75 ie 17.5 percent along with corporate announcement, which is in addition to interim cash dividend for the half year ended June 30, 2020 already paid at…

Read More

Dana Gas posts 2020 net loss of $376 million

Admin

DUBAI: United Arab Emirates energy firm Dana Gas said on Thursday it posted a 2020 net loss of $376 million compared to a net profit of $157 million the year prior. “Following the sharp decline in oil prices and associated negative effects as a result of the COVID-19 pandemic, the group recognised a non cash impairment of $244 million (AED 894 million) in respect of Egyptian assets and a further impairment of $163 million (AED 597 million) in respect of goodwill following sale of the company’s onshore assets in Egypt,”…

Read More

B3 connections: Zero-rated sector seeks increase in grid ceiling to 6.5MW

Admin

LAHORE: The zero-rated sector sought an increase in grid ceiling from 5MW to 6.5 MW for B3 Industrial Consumers as it would help boosting up exports, augmenting foreign exchange earnings and creating additional employment opportunities, said Power Division sources. They said the request for increase in grid ceiling has been made in the backdrop of Jan 21 decision of Cabinet Committee on Energy (CCOE) to discontinue gas supply to the Captive Power Plants from 01.02.2021 to non-export industry from 15.03.2021 to the export industry and finally the industry having co-generation…

Read More