After the failure of Sui Southern Gas Pipelines (SNGPL) authorities to ensure uninterrupted gas supply to domestic consumers in provincial metropolis, the Peshawar district administration on Thursday imposed complete ban on operations of CNG stations till January 20, 2022 to improve gas pressure for domestic users. The chief minister had personally called general manager SNGPL to his office a few…
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Col. (R) Muhammad Tariq Khattak, Chairman Renewable & Alternative Energy Association of Pakistan (REAP) today (Friday) briefed the following Senators of Finance Revenue and Economic Affairs, Standing committee along with the Chairman FBR, at Senate Islamabad, Senator Muhammad Talha Mahmood, Chairman, Senator Syed Faisal Ali Subzwari Senator Ms. Sheri Rahman, Senator Mohsin Aziz Senator Farooq Hamid Naek Chairman FBR The…
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The crude oil respite has so far appeared short-lived, putting the government in a tight spot again, in terms of the import bill and the revenue collection target on petroleum products. As oil marches back to $80/bbl. and onwards, the hopes of substantially raising petroleum revenues stand to get a setback. This is despite the government’s plans to raise Petroleum…
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M/s Hubco has served dispute notice to Central Power Purchasing Agency –Guaranteed (CPPA-G) under Power Purchase Agency (PPA) on deductions made in the company’s Capacity Purchase Price (CPP) invoice for the period of July-September 2021, well informed sources told Business Recorder. M/s Hubco’s Chief Executive Officer (CEO), Kamran Kamal, in a letter to CEO, CPPA-G has elaborated on the reasons for…
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Power Division is said to have paid over Rs 60 billion to 12 IPPs of Power Policy 2002, 40 per cent of total agreed amount as first instalment, well informed sources told Business Recorder. The following IPPs has been paid 40 per cent of the agreed amount: (i) Atlas Power- RFO; (ii) Attock Gen- RFO;(iii) Engro Energy-gas ;(iv) Saif Power- RLNG…
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Minister of State for Climate Change Zartaj Gul Thursday said the incumbent government is committed to protect public health and environment from devastating impacts of toxic chemicals and hazardous waste materials through their management in scientific manner. Addressing a national event here, the state minister noted that management of hazardous waste materials in improper and unscientific manner over the years…
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The imposition of 17pc sales tax on solar energy equipment, as proposed in the Finance Supplementary Bill, 2021, runs counter to the prime minister’s vision of boosting the share of renewables in the overall energy mix to protect the environment and cut reliance on expensive imported fossil fuels. The increase inthe price of solar energy, owing to the withdrawal of…
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The Senate Standing Committee on Petroleum on Thursday expressed dismay over the “casual attitude” of some government departments leading to delays in import of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) by the private sector. The committee was briefed by the officials of various government entities, including the Sui Northern Gas Pipelines Ltd (SNGPL), and petroleum secretary Ali…
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