End to gas deal for RLNG power plants: PSO scuttles Power Division’s move

ISLAMABAD: Pakistan State Oil (PSO) has scuttled the move of Power Division seeking end to utilisation by RLNG power plants minimum 66 percent supply of imported gas on annual basis guaranteed in the deal saying it is simply not acceptable as it will lead to huge financial losses to the national exchequer and public sector companies involved in LNG supply chain. In a letter written on October 31, 2019 to Petroleum Division which is in possession of The News, the state owned PSO has opposed the Power Division’s proposal branding…

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Electric vehicles to reduce 60pc fuel cost: Amin Aslam

KARACHI: The use of electric vehicles will reduce fuel cost by 60 percent and it will also resolve environmental issues caused by pollution, Malik Amin Aslam, Advisor to Prime Minister for Climate Change, said on Thursday. Addressing at a press conference, Amin Aslam said that the government had approved first ever Electric Vehicle Policy and the industry would start working soon. “The owners of motor cycles, three-wheelers and buses can reduce their monthly fuel cost by 60 percent with uses of electric vehicle technology,” he said. He said that on…

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Ban on new CNG Connections Lifted

ISLAMABAD: The government has lifted the ban on new Compressed Natural Gas (CNG) connections across the country. The moratorium on fresh connections on local gas to the industrial sector was imposed in 2011 and the industry was given re-gasified liquefied natural gas (RLNG) connections. The move was welcomed by All Pakistan CNG Association Central Chairman Ghiyas Abdullah Paracha. In a statement, he hailed this decision saying it will give a new life to the CNG sector. According to him, hundreds of completed CNG stations have been waiting for gas connection…

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OGRA Proposes Slight Increase In Petrol, HSD Prices

ISLAMABAD: The government is likely to keep the prices of petroleum products largely unchanged for November as the Oil and Gas Regulatory Authority (Ogra) has worked out minor adjustments in the costs of various imported products. A senior official at the ministry of energy said that Ogra had worked out an increase of Re1 and 27 paisa in the prices of every litre of petrol and high speed diesel (HSD), respectively. On the other hand, it proposed a reduction of Rs2.39 and Rs6.56 respectively in the prices of every litre…

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9th Fire, Safety and Security Convention & Award 2019 on November 7

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Karachi: Fire Protection Association of Pakistan (FPAP) in collaboration with the National Forum for Environment & Health (NFEH) is organizing the 9th Fire, Safety and Security Convention & Awards on November 7, 2019 here at a local hotel. Sindh Minister for Local Government Syed Nasir Hussain Shah will be the chief guest on the occasion. Engr. Nadeem Ashraf, project head of the event while briefing newmen about the objectives of the convention said that the convention is aimed at promotion of fire safety and security awareness among all the industries,…

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