Month: January 2024

Suki Kinari hydel project: Delay in power evacuation to attract LDs, govt warned

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dam

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives (MoPD&SI) has warned the government that any delay in evacuation of power from $2 billion 884-MW Suki Kinari hydel project being established under CPEC will attract Liquidity Damages (LDs), well informed sources told Business Recorder. Secretary Planning, Development and Special Initiatives Awais Manzur Sumra sent this unambiguous message to Secretary Power Division. Power Division has been informed that 884-MW Suki Kinari Hydropower project is one of the biggest investment power projects under CPEC at a cost of $ 2 billion invested by,…

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SIFC wants to know if Aramco’s interest in refinery project persists

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SIFC-initiatives

ISLAMABAD: The Apex Committee (AC) of the Special Investment Facilitation Council (SIFC) has directed Pakistan’s ambassador to Saudi Arabia to approach Saudi Aramco Refinery Project regarding current status of their interest in the refinery project, well informed sources told Business Recorder. The AC also directed the Petroleum Division to assess the investment interest of other parties also in the project. Regarding requirement in Brown/ Green Field refinery sector, Petroleum Division intimated that there will be a gap between local refining production and projected demand of petroleum products of around 9 Million…

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Petrol, diesel prices left unchanged for next fortnight

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Petrol-price

ISLAMABAD: The care­taker government decided to keep the prices of petrol and high-speed diesel (HSD) unchanged for the first fortnight of the new year. According to a statement issued by the finance ministry, the per-litre price of petrol will remain at Rs267.34 and that of HSD at Rs276.21 until mid-January. The ministry said the government had left the prices unchanged on the recommendation of the Oil and Gas Regulatory Authority (Ogra). The latest review shows that petrol and diesel prices increased by around Rs50 per litre during the year, as…

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