Chinese companies to invest $15bn in petrochemicals sector

Chinese companies are ready to invest $15 billion in Pakistan’s petrochemicals sector in Gwadar, including the project of energy pipeline from Gwadar to China. In this regard, Board of Investment (BOI) Federal Secretary Fareena Mazhar on Sunday said bilateral talks were underway for investment in various projects related to Chinese investment in Pakistan. It was hoped that in the future, Chinese companies would bring investment in Pakistan in the fields of energy, agriculture, tourism and others. She said the government wanted to promote Small and Medium Enterprises (SMEs) culture in…

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NEPRA’s Authority Visits Wind Power Plants At Jhimpir, Thatta

Chairman National Electric Power Regulatory Authority (NEPRA) Tauseef H. Farooqi along with other members Rafique Ahmad Shaikh, Engr Maqsood Anwar Khan and CSR consultant, Huma Zafar Sunday visited Gul Ahmed, Master Wind Energy & Tricon Boston Wind Power Plants located in the wind corridor in Jhimpir, District Thatta, Sindh. The visit aimed at observing the level of performance and delivery of the wind power projects ensuring that along with the quality services, power also brings prosperity for the local underprivileged communities by providing them basic needs and employment opportunities, said…

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Working on reviving confidence

A day before, Senate Standing Committee on Planning and Development chairman Saleem Mandviwala had stated the Chinese were not satisfied with the pace of work on CPEC and no progress on the portfolio was seen during the last three years. “They (Chinese) are crying… the Chinese ambassador has complained to me that you (PTI government) have destroyed CPEC and no work was done in the past three years,” he said. Special Assistant to the Prime Minister (SAPM) on CPEC Affairs Khalid Mansoor was reported to have endorsed Mr Mandviwala, saying…

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Power sector planning: going beyond least-cost

People and their managers are working so hard to be sure things are done right that they hardly have time to decide if they are doing the right things.” Stephen Covey’s above statement aptly fits the back-and-forth shuttling that is currently going among the NTDC, NEPRA, and the government on the draft Indicative Generation Capacity Expansion Plan (IGCEP). In the midst of heated arguments as to whose projects should be included in the Plan, our decision-makers have completely missed the fact that the very foundation, “least-cost centralized planning”, on which…

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High gas prices demand creative climate thinking

LONDON, Sept 13 (Reuters Breakingviews) – Natural gas is having its moment in the sun. The price of the fossil fuel in Europe has risen fivefold since last year, to more than 50 euros per megawatt hour. That has pushed power prices across the continent to their highest in over a decade, and presents both a problem and an opportunity for politicians preparing for November’s COP26 global climate conference.

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Surging prices diminish CNG’s attraction as fuel of choice

After the latest hike petrol is selling at Rs123.30 per litre, but CNG still provides a saving of 5pc,” claims Ghayas Paracha, group leader of the All Pakistan CNG Association (APCNGA). In Punjab and Islamabad, CNG is being sold at an average price of Rs121 per litre. Despite very low savings commercial transport owners and 20pc private car owners still rely on CNG, he added. Mr Paracha said the influx of used imported 660cc vehicles with EFI engines and high mileage benefit has also given a major blow to the…

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Better utilisation of mining resources to be ensured: CM

The revolutionary steps for the betterment of mining sector have enabled government to collect a record revenue of more than Rs 10.19 billion for the fiscal year 2020-21. Chief Minister Usman Buzdar said that better utilization of mining resources will be ensured in Punjab. The Chief Minister said restrictions/limitations on the cement industry have been lifted/removed for the development of the construction sector and 22 NOCs are being issued for new cement factories. Usman Buzdar said that NOCs for the installation of 10 cement plants have so far been issued…

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Punjab issues 22 NOCs for setting up cement factories

The Punjab government has regulated the cement sector and issued 22 no-objection certificates (NOCs) for the setting up of new cement factories while ensuring that no more unit is established in the areas declared “negative”. A study earlier conducted declared areas around Kallar Kahar as “negative” for the setting up of cement factories as the underground water had fast depleted. Mines and Minerals Department Secretary Amir Ijaz Akbar told Dawn the salt range had been found as an ideal location for the setting up of cement factories as almost all…

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Petroleum Students And Workers: How To Find And Keep A Job – Interview With Recent Graduate.

Connor Albrecht is in the Oil & Gas Engineering Division at Texas Railroad Commission in Austin. Previously heworked on the engineering teams with Halliburton HAL -1.6% in the Eagle Ford, Parsley Energy in the Permian, and at Ameredev in the Delaware basin of New Mexico. He graduated from Texas Tech in 2017 with a degree in Mechanical Engineering. Connor is unafraid to spell out the rewards as well as the difficulties of changing jobs within the oil and gas industry. He spoke about his career path, personal prospects, and where he thinks the industry is…

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Additional tax imposed on non-filer entities

The federal government has imposed additional sales tax ranging between 5 and 17 per cent on supply of electricity and gas to the non-filer industrial and commercial entities in an attempt to broaden the tax base. The additional taxation on the industrial and commercial entities that did not exist on tax roll — income tax and sales tax — was one of the budgetary proposals given by the Pakistan Business Council. According to a notification (SRO1222 of 2021), the additional sales tax will be levied on the total billed amount…

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