Day: May 19, 2022

The Peshawar High Court (PHC) on Wednesday directed the Sui Northern Gas Pipeline Company (SNGPL) to ensure uninterrupted gas supply to textile mills. The order was issued by PHC’s two-judge bench comprising Justice Shakeel Ahmed and Justice Ijaz Anwar while hearing a writ petition submitted by the Khyber Pakhtunkhwa Textile Mills Association through Yasir Khattak, Farooq Afridi and Asadullah advocates. The petition stated that under the constitution, areas which produce gas have first right over it and only surplus gas can be provided to other parts of the country. “Khyber…

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For over six months now, Europe has been the key driver of global demand for liquefied natural gas (LNG) as it looks to replace as much Russian pipeline gas supply as soon as possible. Since the energy crisis of last autumn, Europe has displaced Asia as the growth driver of LNG demand and is no longer “the market of last resort” for LNG cargoes. The Russian invasion of Ukraine has further spurred Europe to start reducing its heavy reliance on Russia’s piped gas, without which the continent currently risks a…

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The Power Division (PD) is seriously considering reconstituting Board of Directors (BoDs) of all the power sector companies, said reliable sources. They said the PD has also held discussions on ways to avoid condition of no removal of a BoD before the expiry of three years set by the Securities and Exchange Commission of Pakistan (SECP). They said the PD would ask the present members of these boards to resign voluntarily. It may be noted that Federal Minister for Energy Engr Khurram Dastgir had pointed out during his recent visit…

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Sustainable economic growth requires identifying gaps, devising effective policies and working towards consistent improvement despite daunting challenges. The textile industry has invested $5 billion in new plants, machinery & equipment, and more capacity is being added, the results of which can be seen in increased production and exports, but all of this is at stake. By ensuring that exports are supported to reach their maximum potential, we can prevent the economy from sinking deeper into the debt trap. Pakistan has historically sought loans to achieve economic stability, which was never…

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Oil and Gas Regulatory Authority (Ogra) Chairman, Masroor Khan, has reiterated his commitments to implement the Ogra Ordinance in its letter and spirit to attract private investment, provide a level playing field to the industry by promoting competition and protecting consumer interest. He was invited to deliver a keynote speech on behalf of the government of Pakistan and the Ogra on the second day of 2nd Pakistan Energy Reform Summit, 2022, along with other eminent speakers. The Ogra chairman informed that “the oil and gas including LNG are major components…

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