Category: Recent Post

ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday did not immediately allow reduction in port charges on handling of liquefied natural gas (LNG) demanded by the Petroleum Division and ordered an independent assessment to reach a decision on charges competitive in the region. At a meeting of the CCoE presided over by Minister for Planning and Development Asad Umar, the Petroleum Division complained that Port Qasim Authority (PQA) had been handling charges on LNG vessels that were the highest in the region and yet was not spending these funds…

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ISLAMABAD: The International Monetary Fund (IMF)-backed first review of Pakistan’s bleeding public sector enterprises has identified 44 entities for privatisation, including the power companies that are causing big losses, despite a 50% reduction in losses in the first year of current government. The review of 84 commercial state-owned enterprises (SOEs) has been completed as part of the structural benchmarks set by the IMF and supported by the World Bank and the Asian Development Bank (ADB), according to the “SOEs Triage: Reforms and Way Forward” report that the Ministry of Finance released on Thursday.…

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Islamabad: Volunteers including men, women and children collected 120 large bags of garbage and trash from three viewpoints of Margallah Hills on Thursday. The spring cleanup activity at Pirsohawa Road was organised under the Prime Minister’s campaign of ‘Clean and Green Pakistan’ by the SMEC Oil & Gas in collaboration with Islamabad Wildlife Management Board (IWMB). The Margallah Hills National Park is the hallmark of Islamabad’s beauty. There are many viewpoints established on the Pirsohawa Road from where one can witness breathtaking views of twin cities. Unfortunately, due to apathy…

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ISLAMABAD: Despite financial constraints and substantial increase in the prices of petroleum products at the international market, the Pakistan Tehreek-i-Insaf (PTI) government has not passed on its impact to the common man by maintaining the rates at lowest level as compared to regional countries. Pakistan is standing atop in providing the low-priced petroleum products for the welfare of its masses among regional countries, and on the 18th position in a list of 167 countries of the world, according to an official document available with APP. The present petroleum rates in…

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KARACHI: The first 450 MW unit of RLNG-based BQPS-III project is scheduled to come online by May 2021 which would help improve K-Electric’s generation fleet efficiency from 38% in FY 2020 to 48% in FY 2023. Chief Financial Officer KE, Aamir Ghaziani, in a corporate briefing held via webinar on Wednesday, reiterated KE’s commitment with taking Karachi to a power surplus position by 2022 and informed that upcoming 900 MW RLNG-based BQPS-III is proceeding as per expected timelines while of renewable energy projects of 350 MW were also in the…

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