Month: December 2022

The impact of the global energy crisis following the Russia-Ukraine conflict and the previous regime’s failure to take prudent steps had led to the fears that the nation would experience the worst-ever gas crisis during the ongoing high-demand winter season. Everything is not alright, however, the current coalition government’s multi-faceted strategy to tackle the situation seems working and so far it has sensibly regulated the gas supply to domestic consumers to a significant amount. There is no denial about consumers’ complaints regarding commodity shortages in some areas of the country,…

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The Chinese company CIHC Pak Power Company Limited (CPPCL) working on 300MW Gwadar coal fired power project has termed the proposal for import of electricity from Iran to Gwadar and the proposed 600km 500KV transmission line from Hub to Gwadar as unreliable, susceptible to blackout due to technical or security concerns, which does not give investors the confidence to invest in the port city. The CIHC Pak Power Company Limited (CPPCL) has also termed the proposal of the PPIB regarding converting to local Thar coal instead of imported coal and…

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The National Accountability Bureau (NAB) has initiated inquiry into irregularities in Thar-Coal water project. The Supreme Court had directed the accountability watchdog last year to investigate the corruption charges in the project. The NAB Karachi in a letter to the Secretary Sindh Irrigation Department has demanded record of the project. The NAB has asked about the record of the spending on the project and the authority that passed the bill. “All details of the amount and the names of the officers who had passed bills should be provided,” NAB letter…

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A large number of villagers staged a demonstration on Wednesday in protest against mining companies, accusing them of illegally appropriating over 9,000 acres land in their settlements for laying a pipeline from Nabisar to a reservoir in Weejhiar area within Thar coalfields without paying compensation to landowners. The protesters’ leaders complained to media persons that their land in 30 villages had been illegally occupied to lay pipeline for the water supply scheme. Neither the government functionaries concerned nor executives of the mining firms engaged in coal extraction and power production…

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The federal cabinet on Wednesday approved the decisions taken in the meeting of the Cabinet Committee on Privatization (CCoP) to hire a firm for giving Roosevelt Hotel in New York on lease. The Express Tribune had reported that the committee in its meeting held on Monday had asked the privatisation commission to appoint a financial adviser for leasing the hotel site. The government is stated to be considering a joint venture for a prospective mixed-use development of the site, which Pakistan owns. Finance Minister Ishaq Dar had chaired the CCoP…

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