Day: January 13, 2023

Dam fund at Rs16.35bn, work ‘hit by floods

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The Supreme Court was infor­med on Thursday that various factors, including recent floods and Covid-19, delayed the construction of the Mohmand and Diamer-Bhasha dams for at least nine months to a year. In addition to the natural disasters, development funds have also not been released by the government to help ameliorate the equity injections on part of Wapda for the construction of the dams. Headed by Chief Justice of Pakistan (CJP) Umar Ata Bandial, a five-judge bench was told that the dam fund created in 2018 by then chief justice…

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What Will $40 Billion In Russian-Iranian Energy Deals Look Like

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On July 19, 2022, the National Iranian Oil Company (NIOC) signed a memorandum of understanding (MoU) with Russian gas company Gazprom worth close to $40 billion. The deal was signed by the CEOs of both companies during a virtual ceremony on the same day that Russian President Vladimir Putin arrived in Tehran for a summit with his Iranian and Turkish counterparts (Radio Free Europe/Radio Liberty, July 19, 2022). The expansion of the Kish and North Pars gas fields, enhancement of the South Pars field, development of six new oil fields,…

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Govt set to introduce policy on local manufacturing of solar panels

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solar-pannel

The government has decided to manufacture solar panels in the country, and in this regard Prime Minister, Shehbaz Sharif has tasked the Ministry of Industries and Production (MoI&P) to ensure the federal cabinet’s approval on a policy latest by March 31, 2023. According to sources, the minister for finance and revenue has been tasked to work out a plan for early release of solar panels stuck at ports while a forex cushion would be kept for uninterrupted import of solar equipment for the success of the PM’s initiative for solarisation. …

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SNGPL to survey homes to monitor installation of conical baffles in geysers

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Sui Northern Gas Private Limited (SNGPL) on Thursday said it would soon initiate door to door surveys of houses to monitor and ensure the installation of conical baffles in domestic geysers. It was reported that if a consumer was found to be using gas geysers without baffles, the SNGPL would install the baffles in it. Earlier, Oil and Gas Regulatory Authority (Ogra) obligated the installation of conical baffles inside existing and new geysers in a bid to curb the shortage of gas in the country. The deadline to follow the…

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Minister Of Industry & Mineral Resources Holds Meetings With His Counterparts Participating In The International Mining Conference

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The Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef held on Wednesday evening a number of bilateral meetings with the ministers concerned with mining affairs in their countries. The meetings were held on the sidelines of the activities of the International Mining Conference, which kicked off earlier Wednesday at King Abdulaziz International Conference Center in Riyadh, under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. The Minister of Industry and Mineral Resources met respectively with the Secretary of State for business, Energy and Industrial Strategy of the United…

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