Solar net-metering connections being provided on priority: Nepra

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For quick disposal of solar net metering connection-related applications, we have allowed the respective power distribution companies (Discos) to approve applications seeking connection up to 25 kilowatts, National Electric Power Regulatory Authority (Nepra) Chairman Tausif H. Farooqi said on Saturday. Speaking to the media at the10th Solar Pakistan Exhibition at the Lahore Expo Centre, Mr Farooqi said that despite opposition,…

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Ukraine-Russia crisis is driving countries to explore new ways of pricing oil, Qatar says

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Qatar’s foreign minister has said the conflict in Ukraine, and its geopolitical ramifications, is pushing some countries to explore new ways of pricing oil — not in the dollar. The comments, made Saturday by Mohammed bin Abdulrahman Al-Thani, come after a Wall Street Journal report that Saudi Arabia is in accelerated talks with China to accept yuan instead of dollars…

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Singapore-based Guvnor backs out from 4 LNG term deliveries

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Singapore-based Guvnor has decided not to honour its contract to deliver four LNG term cargoes to Pakistan, which would force the dollar-starved country to purchase costly LNG from the spot market to fulfill its energy needs. The cargoes were to be delivered in the remaining four months’ tenure of Guvnor’s five-year term agreement ending July 2022. “This is a gigantic…

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Saudi firm to help Pakistan assess Reko Diq gold, copper quantity

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Balochistan Chief Minister Mir Abdul Qudoos Bizenjo, while defending a recently signed agreement on the Reko Diq copper and gold mining project with a Canadian company, has disclosed that a Saudi Arabian firm would set up a refinery in Gwadar to assess the quantity of minerals extracted from the site. “I have taken all political leaders, parties and public representatives into confidence…

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Coal rush in Thar depleting and poisoning groundwater resources

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Experts have said that Thar’s residents are still forced to consume water from wells contaminated with toxic waste being discharged by coal mining companies, which is in serious violation of the Sindh Environment Protection Act. They said it in a webinar titled ‘Coal-induced Water Woes of Tharis’ held recently by the Alliance for Climate Justice & Clean Energy (ACJCE), a…

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Rupee likely to remain under pressure

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The rupee is expected to remain under pressure next week as uncertainty might persist regarding on-going political turmoil and negotiations with IMF on resumption of financial programme, traders said. The local unit faced continued pressure during the outgoing week. It started the week at 180.57 levels against the dollar and ended at Rs181.78 on Friday. Political uncertainty, deadlock over conclusion…

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Reko Diq: BMP lauds govt’s efforts to help country escape $11bn penalty

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The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has welcomed the govt’s efforts to escape a penalty of $11 billion after reaching an out-of court settlement on the Reko Diq project in the Chagai district of Balochistan. The BMP chairman and FPCCI former president Mian Anjum Nisar observed that following the new deal the project would…

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ECC approves increase in premium for diesel imports

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For ensuring diesel availability in the harvesting season amid volatile international market, the government on Friday allowed an increase in premium charged to Pakistani importers by spot traders for three months i.e. April-June. The decision to this effect was taken at a hurriedly called special meeting of the Economic Coordination Committee (ECC) of the Cabinet presided over by Finance Minister…

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Non-profit IMI unveils its flagship Dream Project in New Jersey – USA

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Project spreads over 30-acre area with assisted living facility for elders in first phase New Jersey – USA The non-profit Imamia Medics International (IMI) has formally launched work on its flagship Dream Project in Robbinsville, New Jersey. An impressive ceremony was held in this connection at a hotel in New Jersey on 15th Shaban, Saturday 19th March. The event was…

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