Category: Recent Post

As another major supply disruption of liquefied natural gas (LNG) looms large, the government is looking for legally safe and commercially viable alternatives to allow continuation of ‘larger replacement regasification terminal’ currently operating in Port Qasim as a fait accompli to avoid major power shortfalls and have greater gas availability during winters. Engro Elengy Terminal Limited (EETL) has told the government entities that due to exchange of its Floating Storage and Regasification Unit (FSRU), there will be complete disruption of regasification process for 60 to 90 hours between Sept 7…

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The government on Sunday kept unchanged the prices of two major petroleum products — petrol and high speed diesel — and slightly increased those of kerosene and light diesel oil for the next 16 days i.e. till Aug 31. According to a notification issued by finance ministry, the ex-depot price of petrol was kept unchanged at Rs119.80 per litre and that of high speed diesel (HSD) at Rs116.53. On the other hand, the price of kerosene was increased by 81 paisa to Rs88.30 from Rs87.49 per litre and that of…

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Pakistan turned 74 last week. It has travelled a long distance since then, but, with 8.5 million people currently unemployed and around 40 per cent surviving below the poverty line, its economic performance has been far from being enviable. Pakistan ranked a low 129th amongst 193 UN member states in the 2021 Sustainable Development Report, slipping 14 steps in five years since 2016. Pakistanis deserve better. What has kept the fifth most populous nation which is naturally resourceful, geographically well-positioned, and harbouring a 990km hot water coastline, from realising its…

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The Naya Nazimabad community hosts Independence Day celebrations with national zeal and zest by arranging a mega event in collaboration with Pakistan Rangers and National Forum for Environment & Health (NFEH) here at Naya Nazimabad Cricket Stadium. Independence Day celebrations were followed by Flag hoisting, tree plantation, national anthem and cake cutting ceremony while the Naya Nazimabad residents and people from different walks of life marked their presence on the occasion. The National Flag was hoisted by Chief Executive Officer (CEO) Naya Nazimabad Abdus Samad Habib, President NFEH Naeem Qureshi,…

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The government has decided to start negotiations for importing 70 to 100 megawatt Iranian electricity to power up Gwadar Port, officials said on Thursday. A decision to this effect was taken during a session of Cabinet Committee on China Pakistan Economic Corridor (CCoCPEC), which met under the chairmanship of Federal Minister for Planning, Development, and Special Initiatives Asad Umar. Different options were considered during the meeting for the provision of electricity to the deep sea port as the 300 MW power plant under-construction in Gwadar would be completed by 2023…

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