Month: January 2022

The Lahore High Court has directed Cabinet Division secretary to decide within 60 days a matter regarding the alleged illegal appointment of chairman of the National Transmission & Dispatch Company (NTDC). Justice Tariq Saleem Sheikh issued the order disposing of a petition challenging the appointment of Naveed Ismail as the NTDC chairman. After arguing at length, the petitioner’s counsel stated before the court that he would be satisfied if the petition was converted into a representation and sent to the secretary Cabinet Division, Islamabad, for consideration. A law officer of…

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The Punjab government has sought permission from federal government to initiate process for development of waste-fired power projects of cumulative capacity of 150MW, in seven big cities under ARE Policy 2019. The permission has been sought by Managing Director, Punjab Power Development Board (PPDB) in a letter to Minister for Energy Hammad Azhar. The Managing Director also gave reference of a meeting between Federal Minister for Energy with Provincial Minister for Energy Punjab and Energy Department, GoPb officers on January 6, 2022 wherein development of Waste to Energy (WtE) projects…

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Federal Board of Revenue (FBR) on Tuesday froze Pakistan International Airlines (PIA) bank accounts over non-payment of federal excise duty (FED) on air tickets, but later restored them after it was assured of early payment of dues. According to the apex revenue collector, PIA had to pay Rs4.5 billion in federal excise duty, which it has been charging its passengers on tickets for the last two years. A total of 50 PIA accounts were frozen to make recovery. FBR had recovered Rs465 million so far and the accounts would remain…

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Over 95% civil and electromechanical works of 720 megawatts Karot hydropower plant have been done and the project has entered into commissioning phase, two senior officials of Private Power and Infrastructure Board (PPIB) told Gwadar Pro. Karot HPP is among the early-harvest high-priority projects under the China-Pakistan Economic Corridor (CPEC) initiative. The run-of-river project has iconic importance being a source of sustainable, low-cost, clean and green energy. China Three Gorges Corp. (CTG) is developing the $2 billion project as an independent power producer (IPP). In the coming months, each of…

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More than a dozen oil marketing companies (OMCs) recorded a surge in profit from the tax-free import of petrol from China in the last two years under the China-Pakistan Free Trade Agreement (CPFTA).Advertisement According to the documents available with ProPakistani, 15 OMCs availed the duty-free oil import facility under the CPFTA from 1 January 2020 to 1 January 2022. They imported more than 2.4 billion liters of petrol from China and made over Rs. 20 billion. They only paid Rs. 1.447 billion in additional customs duty (ACD) which is just…

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