Month: April 2022

The K-Electric (KE) has sought Rs 3.4 billion from the federal government as the first installment from the prime minister’s relief package under which a subsidy of Rs 5 per unit has been approved for domestic consumers using up to 700 units a month and commercial non-ToU consumers having a sanctioned load of less than 5 KV. The International Monetary Fund (IMF) has yet to support this measure despite the hectic efforts by the economic team led by Finance Minister Shaukat Tarin. According to the KE’s provisional invoices, the total…

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 Indonesian ambassador Adam Mulawarman Tugio on Saturday extended support to Pakistan to obtain full dialogue partner status with the Association of Southeast Asian Nations (ASEAN), which could provide huge economic opportunities for Pakistan. Pakistan will be able to be accepted as a full dialogue partner status and it will increase political, commercial, and economic links with ASEAN member states, ” Adam Mulawarman Tugio, Indonesian ambassador told APP in an interview. The ambassador said there were two approaches for achieving the goal; first through an institutional process, while the second was…

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Karachi: Agreements have been signed with leading power sector companies to safely use garbage collected in Karachi for production of clean electricity. The Sindh government’s Energy Department, Local Government Department, and Sindh Solid Waste Management Board (SSWMB) have joined hands to launch the project under the public-private partnership. The proposed waste-to-energy project will consume 6,000 tonnes to 8,000 tonnes of trash generated daily in the city. Work on the project will start immediately. Up to 16,000 tonnes of municipal waste generated in Karachi daily creates serious issues for its residents…

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Iraq’s oil ministry says it exported $11.07bn of oil in March, the highest level in 50 years, as crude oil prices soared in the wake of Russia’s invasion of Ukraine. The record oil export, which accounts for more than 90 percent of Iraq’s income, is a big boost to the state coffers. The second-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), Iraq exported “100,563,999 barrels for revenues of $11.07bn, the highest revenue since 1972”, the ministry said. The figures published late on Friday are preliminary data but…

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