Category: Recent Post

QUETTA: Special Assistant to the Prime Minister for Climate Change Malik Amin Aslam has said that six cities of Balochistan have been included in the Prime Minister’s Clean Green Pakistan project. Talking to reporters here on Thursday, Mr Aslam said that under the project 10 billion trees were being planted across the country and more than 100,000 volunteers had been registered for the purpose. He said that after the 18th Amendment, the cleaning work and tree plantation was the responsibility of the provincial governments, but the federal government was working…

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ISLAMABAD: After months of resistance by the opposition in a parliamentary committee, the government on Thursday got cleared through majority vote a bill empowering it to impose surcharges on electricity consumers to meet another ‘prior action’ for revival of the International Monetary Fund (IMF) programme. Under the bill, which will now go to the National Assembly for approval, the government has secured powers to impose up to 10 per cent of the average electricity tariff on consumers. At current average tariff, the government can now impose about Rs1.5 per unit…

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The LPG production from Jamshoro Joint Venture Limited (JJVL) has hit a snag pushing the country towards more imports and a loss to Sui Southern Gas Company Limited (SSGCL). The extension of the contract between Jamshoro Joint Venture Limited (JJVL) and Sui Southern Gas Company (SSGC) has been pending legal opinion before Law Division since August 21, 2020. On a proposal by the Petroleum Division, the Economic Coordination Committee (ECC)held on August 21, 2020, took up the issue of JJVL expired agreement with SSGC and had given principled approval for resumption of LPG/ Natural…

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KARACHI:Pakistan is almost half a century behind the world in transforming its energy sales from a state-controlled pricing mechanism to a market-based competitive pricing system, which is a must to make energy supply cheaper and affordable for the nation. Energy – power, oil, gas and coal – producers and importers will have to change their mindset. They have to forget the state guarantees for energy production and sales to the citizens. These remarks were made by Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar during a conference on…

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ISLAMABAD: The Port Qasim Authority (PQA) is likely to challenge the general sales tax (GST) levied by the Sindh government on the channel development cess (CDC) collected from liquefied natural gas (LNG) carrying vessels. The previous government had imposed the cess in a bid to finance the widening of a water channel for LNG ships. PQA has collected CDC worth $47.5 million. However, the Sindh government has imposed GST on CDC, which upset the federal government. At a meeting held last week, the Cabinet Committee on Energy (CCOE) directed the Ministry…

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