Day: December 1, 2023

Integrated energy planning project: caretaker federal minister reviews progress

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Power-control

ISLAMABAD: The Minister of Planning, Development and Special Initiatives reviewed progress on the Integrated Energy Planning (IEP) project for sustainable development and termed it would help in tackling the energy crisis in the country. The Caretaker Minister for Planning, Development and Special Initiatives, Muhammad Sami Saeed, on Thursday, chaired a meeting to progress on the Integrated Energy Planning (IEP) project. The IEP is an effective and appropriate tool for realizing the government’s vision of developing a sustainable, cost-efficient energy sector that meets the country’s strategic, socioeconomic needs and rapidly growing…

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FCCL commissions Greenfield Cement Plant at DG Khan

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fauji-fertilizer

ISLAMABAD: Fauji Cement Company Limited (FCCL) has successfully commissioned its Greenfield Cement Manufacturing Plant on Thursday, having production capacity of 6,500 tons per day of clinker at Shadan Lund, District Dera Ghazi Khan. With commencement of operation of new line, the total cement production capacity of the company has increased to 10.6 million tons per annum and establishes Fauji Cement Company’s position as the third largest cement producer in the country. The Greenfield Project has been completed within a record time of 13 months. This project includes state of the…

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Bids publicly opened for petroleum exploration in 10 onshore blocks

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Ministry-Energy

The Bid Opening Committee under the chairmanship of DGPC publicly opened bids for 10 Onshore Blocks for the grant of Petroleum Exploration Rights on November 30, 2023, at Petroleum House, Islamabad. Bids were received for 6 Blocks. The highest bidder for 2 Blocks is UEP (100%). POL ( 40% – operator) with JV partners PPL (30%) & OGDCL (30%) in 01 Block, OGDCL (100%) in 02 Blocks and PPL (70% – operator) with JV partner OGDCL (30%) in 01 Block.The minimum investment to be carried out by the Exploration and…

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COP28 opens with historic launch of loss and damage fund

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Anwaar-ul-Haq

DUBAI: Nearly 200 nations agreed Thursday to launch a fund to support countries hit by global warming, in a “historic” moment at the start of UN climate talks in the oil-rich UAE. The landmark announcement came as the Emirati host of the COP28 talks declared that fossil fuels must be part of any final climate deal negotiated over the next two weeks. The talks in Dubai come at a pivotal moment for the planet, with emissions still rising and the UN on Thursday declaring 2023 on track to become the…

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Karachi industrialists announce shutdown on December 4

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gas-plant

• Ask govt to take back unprecedented hike in gas tariffs• Production suspension to cause $47m per day export loss KARACHI: Industrialists in the economic nerve centre of Pakistan have announced a complete production shutdown on Monday (Dec 4) to force the caretaker government to reverse the unprecedented hikes in the gas tariffs. They estimate a per day export loss of $47 million from the port city. Businessmen have already displayed protest banners at the offices of all trade associations, demanding the government to immediately bring down the gas rates to Rs1,350…

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