Category: News & Announcement

Overseas Pakistanis have developed a ‘Made in Pakistan’ electric car that will be unveiled in the next three to four months. In a first, Pakistan is all set to roll out its first electric car manufactured by DICE Foundation, a group of Pakistanis based in United States, Canada and the United Kingdom, aimed at showcasing expertise of overseas Pakistanis in the field of technology. The project is one of the four mega projects run by DICE. DICE Foundation Founder and Chairman Dr Khursheed Qureshi told The Express Tribune that Pakistan…

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The government has procured four liquefied natural gas (LNG) cargoes at the highest-ever rates at $15.19-$15.49 per mmBtu for the month of September. The state-owned Pakistan LNG Limited (PLL) first cancelled the tender of eight cargoes for September and October, arguing that the rates were higher at $13.78 per mmBtu, but now it has procured four cargoes at the highest-ever rates. The PLL went for a closed tender for the month of September and managed to get the rates for four LNG cargoes at over $15 per mmBtu, which are…

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Once known as the world’s largest liquefied natural gas (LNG) exporting country, Indonesia is transforming its LNG industry from its previous service as liquefaction plants only to the development of LNG receiving/regasification terminals or units. More than that, LNG products, which used to be entirely exported, are now absorbed mostly by domestic industries. There are three LNG liquefaction plants currently operating in the country: Badak in Bontang, East Kalimantan, Tangguh in West Papua, and Donggi-Senoro in Central Sulawesi. Badak used to be the largest LNG liquefaction plant in the world,…

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Karachi (PR): Mian Nasser Hyatt Maggo– President FPCCI – has expressed his profound concern over continuing gas crisis and incessant gas supply shortages; hampering industrial production and fulfilment of export orders. Mian Nasser Hyatt Maggo has stressed the immediate need to bring all the stakeholders and players on one page; and, he has requested Honourable PM Imran Khan to chair their meeting and help resolve theirdifferences and contradictions – once and for all. Mian Nasser Hyatt Maggohas said that FPCCI is keenly but sorrowfully observing difference of opinion among various…

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LAHORE: The Mangla dam, the biggest water reservoir of the country, may not be filled this year, jeopardising 13 million acre feet (MAF) Rabi supplies to Punjab and endangering wheat crop in the province and food security of the country. The Indus River System Authority (Irsa) now seems resigned to the fact, saying: “If the country has much above normal monsoon, the Mangla Lake may touch a level of 1,210 to 1,220 feet against its optimum level of 1,242 feet.” The alarm bells started ringing when the lake, which should…

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