Month: June 2022

Minister for Information and Broadcasting Marriyum Aurangzeb on Wednesday announced that on the occasion of the completion of 75 years of creation of Pakistan, as part of Diamond Jubilee celebrations a special ‘Logo’ has been launched under the title “Azm Aali Shan, Shad Rahey Pakistan”. In a tweet, she said that it was manifestation of the love for Pakistan and renewal of the determination with which brave and great forefathers and martyrs built Pakistan. “With the same determination, we will make it economically strong and self-sufficient, a welfare state and…

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The Ministry of Energy has sought analyses from industrial experts for import of cheap oil from Russia, as the country faces a financial crunch. Pakistan’s monthly fuel oil imports are set to hit a four-year high in June, Refinitiv data shows. The country’s fuel oil imports could climb to about 700,000 tonnes this month, after hitting 630,000 tonnes in May, according to Refinitiv estimates. Imports last peaked at 680,000 tonnes in May 2018 and 741,000 tonnes in June 2017. In a letter written to the managing directors of Pak-Arab Refinery,…

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Giving legal effect to the budgetary proposals for the next fiscal year, the National Assembly Wednesday approved the Finance Bill 2022-23. All amendments were moved by Minister of State for Finance and Revenue Dr Aisha Ghous Pasha. The House proceedings commenced after around two-hour delay with Speaker Raja Pervez Ashraf in the chair. The House also approved an amendment to impose a levy of Rs50 on the petroleum products. Besides, the House also approved amendments for collecting sales tax from traders through the electricity bills and imposing a 5 percent…

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Karot Hydropower Project, the first hydropower investment project under China-Pakistan Economic Corridor (CPEC) invested and developed by China Three Gorges Corporation(CTG), was put into full commercial operation on 29th June 2022. The Karot HPP COD Ceremony was held at Power House yesterday to inaugrate the commercial operation. At the ceremony, Dr. Munawar Iqbal, Acting Managing Director, Private Power and Infrastructure Board (PPIB) extended thanks on behalf of Pakistani government to CTG. “In spite of COVID-19 impact, the construction progress of the project remained satisfactory, and because of such a brilliant construction, the…

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