Month: May 2024

Imran Khan Threatens Nationwide Protests Over Rising Power and Gas Tariffs

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Power-Gas

Imran Khan, the incarcerated founding chairman of PTI and former prime minister, issued a stern warning to the government, stating that countrywide protests would erupt if power and gas tariffs were further increased. Speaking from Adiala jail, Khan emphasized the need for a government aligned with public mandate to stabilize Pakistan’s economy. He expressed concerns that additional taxation could worsen economic stability, particularly during June and July. Khan highlighted the challenge of debt servicing consuming a significant portion of tax revenue, leading to investor reluctance. He also addressed corruption cases,…

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Chairman WAPDA Urges Accelerated Progress at Mohmand Dam Project

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Mohmand-Dam

Chairman of the Water and Power Development Authority (WAPDA), Engr Lt Gen Sajjad Ghani (Retd), recently visited the Mohmand Dam Project to assess construction advancements. During his inspection of key sites including diversion tunnels, the power house, and the spillway, he underscored the project’s vital role in meeting Pakistan’s water and energy demands. Accompanied by project officials, consultants, and contractors, the Chairman received updates on ongoing tasks and timelines. Following this, in a meeting at the project office, he directed the contractors to adhere strictly to the execution plan to…

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OGRA Urges Oil Companies to Increase Diesel Uplift to Meet Rising Demand

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oil-and-gas

Amidst heightened demand during the harvesting season, the Oil & Gas Regulatory Authority (OGRA) has directed oil marketing companies (OMCs) to ramp up their uptake of high-speed diesel (HSD) from refineries. This move aims to ensure a smooth supply chain and cater to the surging demand for diesel across Pakistan. OGRA’s directives come in response to reports indicating a relatively low uplift of HSD despite recent actions against Iranian diesel smuggling. In its communication to OMCs, OGRA emphasized the critical need for efficient operations and coordination within the National Oil…

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Government to Formulate Gas Pricing Plan for Fertilizer Industry

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Fertilizer-Industry

In a bid to address unjustified price hikes in fertilizers and ensure fair treatment for farmers, the government is working on a comprehensive gas pricing plan for the fertilizer sector. Recent discussions in the Economic Coordination Committee (ECC) highlighted the need for a holistic approach to stabilize fertilizer prices, emphasizing the importance of passing on subsidized gas benefits to farmers. The ECC underscored the necessity of cooperation between relevant ministries to develop a sustainable gas pricing strategy for the fertilizer industry. It was noted that despite receiving substantial funds from…

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AJK Government Announces Substantial Electricity Subsidies

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power-energy

In a significant move aimed at easing the financial burden on its citizens, the Azad Jammu and Kashmir (AJK) government has announced substantial subsidies in electricity prices. This decision comes shortly after the federal government’s approval to release twenty-three billion rupees from the national exchequer to address the issue effectively. Prime Minister Azad Kashmir Chaudhry Anwaar ul Haq, in a news conference held in Islamabad, highlighted the immediate implementation of these subsidies following the intervention of Prime Minister Shehbaz Sharif. He expressed gratitude towards Prime Minister Sharif for his proactive…

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