Month: November 2022

OMCs’ HSD premium: ECC directs PD to develop certification mechanism

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petrol

The Economic Coordination Committee (ECC) of the Cabinet has directed the Petroleum Division to develop a mechanism for certifying the premium of OMCs on imported HSD, official sources told Business Recorder. On November 18, 2022, the Petroleum Division informed the forum that the ECC while considering its summary titled, ‘High Speed Diesel (HSD)/gas oil premium” in its meeting held on November 4, 2022 had allowed premium on HSD imports subject to maximum capping at $ 15/BBL for importing Oil Marketing Companies (OMCs) during November and December 2022. However, oil industry expressed…

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Gas supply remains scarce

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Gas load shedding during winters is not a new phenomenon in Pakistan anymore. So much is worked around the winter season in terms of industrial and power sector usage to keep the stoves and geysers at homes running – that it has now almost become acceptable. These winters may not necessarily be significantly worse in terms of gas load shedding, from how things have shaped up so far. That said, there is a lot in the dark in terms of LNG supply come the three months starting December. With China…

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12th Fire Safety & Security Convention-2022 Sindh Governor advises citizens to install fire safety systems in every residential, commercial buildings to save lives

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Sindh Governor, Kamran Khan Tessori, has said that every owner of a residential and workplace building has to fulfill the civic responsibility of ensuring fire safety measures at the premises where people live or work. The Sindh Governor gave the suggestion to this effect while addressing as the chief guest at the 12th Fire Security & Safety Convention-2022 organized jointly by the National Forum for Environment and Health (NFEH) and the Fire Protection Industry of Pakistan (FPIP). The Governor praised the NFEH and other concerned civil society organizations, which had…

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Visit of the Prime Minister to Türkiye (25-26 November 2022)

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At the invitation of His Excellency President Recep Tayyip Erdogan, Prime Minister Muhammad Shehbaz Sharif will pay a two-day official visit to Türkiye, from 25-26 November 2022. Alongside President Erdogan, the Prime Minister will jointly inaugurate the third of the four MILGEM Corvette Ships for the Pakistan Navy, PNS Khaibar, at the Istanbul Shipyard. The two leaders will also hold wide-ranging discussions encompassing bilateral relations , the regional situation and other issues of common interest. The Prime Minister will interact with leaders of the Turkish business community. The President of…

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Ambassador of Netherlands Henny de Vries called on the Federal Minister for Energy Engineer Khurram Dastgir Khan in his office to discuss the issues of mutual interest.

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During the meeting, the minister highlighted the initiatives of his government to enhance the share of renewable energy in the energy mix of Pakistan .The minister has said that the government has completed the repair work of electricity infrastructure in flood affected areas in record time.He informed that all the future energy projects would be renewable energy based.The minister reiterated that Pakistan is keen to develop cleaner and environment friendly sources of energy.He further added that Pakistan is introducing policy of wheeling of electricity which would allow power producers to…

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