Author: Admin

Draft LPG policy aimed at boosting local production finalised

Admin
lpg

ISLAMABAD: Ministry of Energy (Petroleum Division) has finalised draft of Liquefied Petroleum Gas (LPG) Policy 2024, envisaging substantial fiscal incentives to promote domestic LPG production, its import and marketing. According to the summary of draft policy 2024 to be presented to the Council of Common Interests (CCI) for consideration, all LPG producers will dedicate up to 10% of their production to Suis for LPG Air-Mix Plants(s) developed and operated by Suis and 5% to Marketing Companies (MCs) for supplies in AJK and GB. Remaining production will be marketed through their…

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Solar PV panels: FBR accused of compelling importers to quote higher rates

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solar-panel

Solar power initiative: PD asked to coordinate with SkyPower December 19, 2023 ISLAMABAD: Pakistan Alternative Energy Association (PAEA) has accused Federal Board of Revenue (FBR) of compelling commercial importers of solar PV panels of quoting higher rates, despite the fact that prices have substantially declined. In a letter to Chairman Federal Board of Revenue, Executive Director PAEA, Tariq Khattak has stated that since the given guideline on unit prices of $ 0.14/W and 0.16/W are way beyond the present international export prices of crystalline PERC HC/N Type/N Type Bifacial Solar…

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Reko Diq project: Co asked to share logistic requirements

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Reko-Diq

ISLAMABAD: A federal government panel has asked Reko Diq Mining Company (RDMC) to share their logistic technical requirements of the project like initial and peak volume to be transported, power, gas and water as the company is unwilling to use Gwadar Port for the time being, well informed sources in Planning Commission told Business Recorder. Sharing the details, the sources said, in compliance with the decision of project Support Team on Reko Diq a meeting of the Sub Committee under the chairmanship Member (I&M), Planning Commission, General Zahir Shah was held…

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Murky politics in a fragile economy

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economy

In the development decade of the 1960s, the issue of trade and not aid cropped up because much of the industrialisation was debt-driven and business leaders started talking about increasing domestic savings, investment, production and exports. But over time, the trade gap mostly continued to widen. Tight monetary policy to depress domestic demand and ease external sector pressures resulted in de-industrialisation. Farm production suffered badly due to backward cultural practices and a lack of modernisation of agriculture. Agri-food imports rose by 64 per cent to $3.847 billion during July-December 2023.…

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OGDCL to Support Establishment of 45 Mammography Camps, Procure Radiation Machine for Cancer Treatment

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csr

OGDCL to Support Establishment of 45 Mammography Camps June 24, 2024 ISLAMABAD, January 05, 2024: While demonstrating unwavering commitment to healthcare, the Oil & Gas Development Company Limited (OGDCL) has made a significant donation to the Cancer Care Hospital & Research Centre for the establishment of 45 free Mammography camps in its operational areas. Additionally, the company’s support includes the procurement of a cutting-edge radiation machine for treating cancer patients nationwide, with a particular focus on its operational districts.Cancer remains a significant health challenge in Pakistan, and OGDCL recognizes the…

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