Day: February 28, 2024

Digitization of Pre-Historic Rock Carvings in Diamer Basha Dam Project Area:

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Basha-Dam

WAPDA awards Consultancy Services Contract February 28, 2024: The Pakistan Water and Power Development Authority (WAPDA) signed a contract worth Rs. 46.5 million with Quality Solutions Technologies (Pvt) Ltd for consultancy services for digitization of significant rock carvings in direct area of impact of Diamer Basha Dam with modeling and preparation of data for 3D printing. The major scope of services include site documentation through terrestrial scanner and consolidation as well as archiving and modelling of scanned data for various applications. The duration of the contract is eight months. In…

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First meeting of FPCCI Energy Committee held.

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Energy-Committee

High officials and energy experts discussed challenges in energy sectorKarachi (February 28, 2024) The first meeting of FPCCI Central Standing Committee on Energy 2024-2025 was held under the chairmanship of the convener of the committee, Malik Khuda Bakhsh.The meeting was attended by business leaders and technocrats. Utilization of available resources, search for new resources and various suggestions were considered. Executive Director OGRA (Islamabad) Imran Akhtar, SSGC General Manager Kamran Nagi, General Manager Sindh Transmission Tariq Saeed, Chairman PPDA Abdul Sami Khan, General Manager Altas Group of Companies Munis Iqbal, Technical…

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Russia Implements Six-Month Ban on Gasoline Exports from March 1

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Russia-Implements

In a move to stabilize domestic prices and facilitate refinery maintenance, Russia has announced a six-month prohibition on gasoline exports starting March 1. The ban, approved by Prime Minister Mikhail Mishustin and confirmed by Deputy Prime Minister Alexander Novak, aims to address surging demand from consumers and farmers while mitigating the impact of recent attacks on Russian refineries. Deputy Prime Minister Novak emphasized the necessity of stabilizing prices amidst increased demand for petroleum products. The decision, which follows a proposal from Novak, underscores the government’s commitment to ensuring stability in…

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Draft LPG Policy Advocates Deregulated Pricing and Tax Incentives

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lpg-plant

The interim government has crafted a blueprint for the LPG policy in 2024, proposing the deregulation of LPG pricing alongside a range of tax incentives. Under this draft, new LPG production would enjoy a 10-year tax holiday, while petroleum levy would be abolished, and GST reduced from 18 percent to 5 percent. In this proposed framework, the Petroleum Division’s role would be confined to policymaking, with the regulatory authority, Ogra, assuming a more robust oversight role. Additionally, an “Appellate Tribunal” is set to be established to allow stakeholders to challenge…

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Government Moves to Shield NEPRA and OGRA from Political Influence

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nepra

In Islamabad, the caretaker Federal Government has announced plans to amend the National Electric Power Regulatory Authority (NEPRA) and Oil and Gas Regulatory Authority (OGRA) Acts with the aim of insulating both regulatory bodies from governmental interference in future tariff notifications. Sources close to the caretaker Minister for Power and Petroleum revealed this significant decision, which was made at the latest meeting of the Cabinet Committee on Energy (CCoE) and subsequently ratified by the caretaker Federal Cabinet. The decision stems from a concerted effort to bolster the autonomy of NEPRA…

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