Category: News & Announcement

PESHAWAR: Despite completion of 2.6megawatt Machai Hydel Power Project (MHPP) three and half years ago, the Khyber Pakhtunkhwa (KP) government has provided more than 13 million units of electricity to the national grid without receiving payment and striking agreement with the National Electric Power Regulatory Authority (NEPRA). The province is experiencing power cuts and facing severe financial constraints despite spending Rs683.50 million on the construction of the power project. The provincial government had inaugurated Machai Hydro Power Station in Mardan in November 2017 after it formally started production and contributing electricity…

Read More

ISLAMABAD: The federal government is considering taking benefit of the decline in global oil prices by purchasing the oil in advance and in this regard the Ministry of Energy (MoE) has sought an approval of the cabinet’s Economic Coordination Committee (ECC). According to sources, owing to a decline in oil prices in the international market in the wake of the coronavirus lockowns, MoE wants to purchase oil in advance for one or two years. They said the ministries of Energy and Finance have worked jointly during the last one month to…

Read More

Oil producers will be hoping for a third consecutive week of gains as more countries relax lockdowns intended to halt the coronavirus pandemic. Oil prices settled 5 per cent higher on Friday in their second consecutive week of gains as US producers cut production with the number of drilling rigs falling to a record low. The number of operating oil and natural gas rigs fell by 34 to an all-time low of 374 last week – reflecting data going back 80 years – as the energy industry slashes output and…

Read More

Diesel is short in availability in most areas of Pakistan today. Pakistan State Oil is the only company that has diesel stock. Sources revealed that diesel was being sold out as demands increased because of wheat harvesting and easing of lockdown measures. Several petroleum companies did not succeed in importing enough stocks. On the contrary, PSO is compelling retail outlets to avail supply of 15, 000 litres of petrol for 5,000 liters of diesel. Earlier, petrol prices in Pakistan had decreased by Rs 15, BOL News reported on 30th April.…

Read More

COVID-19 has brought us unprecedented health and economic challenges. It will test the resolve and resiliency of each Canadian and our nation. Crises have a way of unveiling truths, flaws and misconceptions in any society. Our immediate crisis is reinforcing the importance of family, community, health care and food security. But at the root of the current crisis, and fundamental to the solution, is our relationships with the other species that share our planet. Earth Day is an opportunity to reflect on how we value all species, including our own,…

Read More