Year: 2021

Industrialists blame govt for gas crisis

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Heads of seven industrial estates in Karachi held the government responsible for the ongoing gas crisis nationwide, saying it did not import sufficient fuel to bridge shortfall despite several alerts and availability of capacity for additional imports. Speaking at a press conference, Sui Southern Gas Company (SSGC) Deputy Managing Director Saeed Ahmed Larik, however, blamed non-export industries for the worsening crisis. “Industrialists are not cooperating. They have continued to operate captive power plants (generators) on gas despite that they can run the plants on diesel or they can take electricity…

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US investors explore EV sector in Pakistan

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Technology transfer with easy and duty-free access to American markets is a must in a bid to achieve a quantum jump in bilateral trade and in this connection serious efforts are being made by both sides, said US Consul General in Lahore Catherine Rodriguez. Speaking at a Zoom meeting with Faisalabad Chamber of Commerce and Industry (FCCI) President Hafiz Ihtasham Javed, she said that some American investors were exploring opportunities to assemble electric vehicles (EV) in Pakistan. She acknowledged that law and order situation had improved considerably in Pakistan and…

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EV Maker Nio Partners With Nvidia To Create Self-Driving ‘Supercomputers’

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The self-driving EV race is officially on. And as competition begins to pop up globally, joint ventures and partnerships are being struck almost daily as players from tech and legacy automotive rush to pair together in order to get products to the market as quickly as possible. The latest tie-up comes from Chinese EV manufacturer NIO, who announced it was partnering with chipmaker NVIDIA this weekend to “develop a new generation of automated driving electric vehicles”. “NIO, a pioneer in China’s premium smart electric vehicle market, and NVIDIA announced today that the…

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Why Asian LNG Prices Are Going Through The Roof

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The year 2020 is already unforgettable in many ways. The Covid-19 pandemic brought the world to a standstill. With the economy on hold, energy consumption has plummeted including demand for LNG. The price of the supercooled fuel reached unprecedented lows in the spring of 2020. Within a year, however, the revitalization of the market is a fact. Prices in especially Asia have reached astronomic heights due to a combination of factors.  The most important LNG buyers-markets are in Asia and Europe. The latter, however, also enjoys a well-developed crossborder pipeline infrastructure…

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Five candidates in race for OGRA top slot

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ISLAMABAD: As many as five candidates, including one top former bureaucrat, are in the race for the position of Oil and Gas Regulatory Authority (Ogra) chairman. Initially, a special committee, headed by close aide of Prime Minister Imran Khan, had shortlisted 24 candidates. After interviewing these candidates, the committee has shortlisted five candidates including former secretary Dr Tanvir Qureshi. Officials familiar with the development said that the Cabinet Division would seek clearance of the shortlisted candidates from the intelligence agencies. Earlier, the special committee had also undergone a process of…

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