Year: 2022

Sindh Chief Secretary assures industrialists to resolve Ghotki gas issue Motiwala suggests SITE Ltd to take over Hub dam water pipeline project

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Chief Secretary Sindh, Dr. Muhammad Sohail Rajput, has assured the industrialists of SITE area to look into the matter of gas being produced from Ghotki gas filed, and provided to SNGPL whereas Sindh has the first right of use on the gas produced in the province as per constitution. He has also assured to strive to enhance the development budget of SITE Limited (the administrative body of SITE area Karachi) in the forthcoming budget. He was addressing members of SITE Association of Industry on the occasion of his visit. He…

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Government Must Immediately Restore Gas Supplies to Power Plants Irfan Iqbal Sheikh

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Mr. Irfan Iqbal Sheikh, President FPCCI, has demanded immediate restoration of full supplies of Regassified Liquified Natutal Gas (RLNG) to power plants to avert any crisis in export-oriented industries. He added that Pakistan is already struggling with an enormous trade deficit; which stands at of $43.3 billion in 11 months of 2021 – 22 and state-owned foreign exchange reserves (FER) have fallen to merely $9.72 billion; which are not even sufficient to cover two months of exports as Pakistan’s imports have surpassed $6 billion / month. FPCCI Chief emphasized that…

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Can Anyone Compete With China’s Battery Dominance?

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The global electric battery market has expanded dramatically over the last year, as the push to shift from traditionally fuelled cars to electric alternatives has never been stronger. So, how will emerging battery markets overcome supply chain challenges to ensure that the future of electric battery development is secure? The global supply chain is still being hit hard by ongoing pandemic restrictions, the Covid spill-over effect, and, most recently, the Russian invasion of Ukraine. This means that renewable energy projects are seeing lengthy delays and the production of core components is being outweighed…

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International Shippers Create New Routes To Avoid Russia

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Europe-Asia cargo transportation through the Caucasus is growing manifold as international shippers seek to avoid Russia and hasten to set up new transit routes. Cargo transshipment through Central Asia and the Caucasus will grow six times in 2022 compared to the previous year, to 3.2 million metric tons, according to the estimates of an association composed of the major state transportation companies in the region. “This is due to the sharply increased demand for the […] route against the backdrop of recent events taking place in the world,” the Trans-Caspian…

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Rs5/unit relief on electricity bills may end next month

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The government is likely to withdraw the subsidy of Rs.5 per unit from June 1, 2022, extended to electricity consumers using 700 units monthly across the country sans ToU (Time of Use) meters, under former Prime Minister Imran Khan’s Relief Package on the pressure of International Monetary Fund (IMF) and World Bank, well-informed sources told Business Recorder. Sharing the details, sources said, on a summary for the ECC submitted by the Power Division, the ECC of the Cabinet, on March 7, 2022, approved a relief of Rs 5. KWh reduction in…

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