Year: 2022

PM to Discuss CPEC in Maiden Visit to China today

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Prime Minister Shehbaz Sharif on Monday said that he will discuss the revitalisation of the China-Pakistan Economic Corridor (CPEC) in his talks with President Xi Jinping and Premier Li Keqiang during his two-day official visit to China. The premier left for Beijing today and is among the first few leaders to visit the neighbouring country following the historic 20th National Congress of the Communist Party of China (CPC) that elected Xi Jinping as general secretary of the party. This will be the prime minister’s first visit to China since assuming…

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New LPG Policy a Must’

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Domestic, industrial and commercial consumers require a new LPG policy taking into account new ground realities as the last liquefied petroleum gas (LPG) policy was formulated in 2015. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President, Irfan Iqbal Sheikh received the Petroleum Minister, Musaddik Malik, who visited the Federation House and consulted a large gathering of local LPG producers, and commercial and industrial users of gas. Addressing the gathering, the FPCCI president said “LPG is the fuel of the masses and it can play a decisive role…

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Grid stations set up in Faisalabad, Chiniot

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Federal Minister for Power Khurram Dastgir Khan inaugurated 220 kV grid station Lalian and 500 kV grid station Faisalabad West in districts Chiniot and Faisalabad respectively on Monday. Speaking on the occasion, the federal minister said that the reliability of the power transmission network is equally important to provide an uninterrupted power supply to consumers with an improved voltage profile. “The present government is fully cognisant of the difficulties of consumers and their issues, like low voltage and forced load shedding, which are being resolved through the addition of grid…

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Mari – earnings up again

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The fiscal year FY22 witnessed spiking oil and energy prices, which lifted the revenues and earnings of the E&P sector. Mari Petroleum Company Limited (PSX: MARI) also announced its higher revenues coming from higher oil and gas prices in FY22. In 1QFY23 as well, MARI’s revenues were seen climbing by 53 percent year-on-year on account of higher gas wellhead prices that surged by 67 percent year-on-year. Revised well-head gas prices incorporated the recent strength in crude oil prices which provided the stimulus to the topline. The improvement in MARI’s production…

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Russia Accuses The British Navy Of Blowing Up Nord Stream Pipelines

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Moscow has pointed the finger at London for the explosions that put the Nord Stream 1 and 2 pipelines out of commission. London has denied any involvement, Reuters reported this weekend. “According to available information, representatives of this unit of the British Navy took part in the planning, provision and implementation of a terrorist attack in the Baltic Sea on September 26 this year – blowing up the Nord Stream 1 and Nord Stream 2 gas pipelines,” the Russian defense ministry said. “To detract from their disastrous handling of the…

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