Year: 2022

Murad takes up prolonged load shedding with fed power minister

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Sindh Chief Minister Syed Murad Ali Shah in his meeting with Federal Minister for Power Khurram Dastagir took up the prolonged load shedding in the rural areas of the province. The meeting between the two was held here at CM House on Thursday. The chief minister said that there were two serious issues in the rural areas of the province. “On the one hand there was power outage for over 12 hours in a day and on the other inflate bills are issued to the people,” he said and urged…

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Site Area Suffers From Zero Gas Pressure Since Sep-Oct Sai Chief Appeals Pm To Play Role In Restoring Gas Supply

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The Gas crisis has become severe in SITE industrial area Karachi – the oldest & largest industrial zone of the country. The industrial production in the area is affected badly due to extreme low gas pressure, contrary to industry’s requirement by the SSGC since Sep-Oct last year. The SITE area industrialists have expressed apprehension over the situation stating if industries are not provided gas pressure as per requirement, they will suffer huge production losses besides delay in completion of export orders. President SITE Association of Industry, Abdul Rasheed has appealed…

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Power blackout 2021: inquiry report

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On 9th January 2021, 23:40hrs, a major power blackout occurred which engulfed almost entire Pakistan, including Karachi, Lahore, Multan and Islamabad. It took 22 hours to bring electricity back into the grid. Power regulator Nepra (National Electric Power Regulatory Authority) has held NTDC (National Transmission and Despatch Company) responsible and has fined Rs 50 million on it. NTDC has failed to submit a satisfactory response to the investigation carried out by Nepra. It may be unfair to isolate NTDC only on the part of Nepra to fine it. Fines do…

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Italy’s PM Suggests Forming Oil Purchasing Cartel With U.S.

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Italy’s Prime Minister Mario Draghi has suggested after a meeting with U.S. President Joe Biden this week that oil consumers unite to form a cartel with the goal of capping oil prices. Draghi visited the White House on Tuesday to discuss, among other things, the state of the energy market. According to Draghi, both he and President Biden have agreed that the current structure of the energy market isn’t working. Draghi also suggested pressuring OPEC to produce more—an idea that is not only not new, but has been attempted, both…

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The Call For Windfall Taxes On Energy Firms Is Growing

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Tesco chairman John Allan has joined calls for energy giants to be slapped with a windfall tax to ease the pressure on households suffering the most from the cost-of-living crisis. Speaking on BBC Radio 4’s Today program he argued there was an “overwhelming case” for a one-off levy on North Sea oil and gas companies, revealing some of the supermarket’s customers have started rationing the amount of food they buy at the supermarket. He warned the country was facing “real food poverty for the first time in a generation,” and…

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