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The PD in a statement said, “Ignoring the fact that spot LNG prices are always higher in winter given global demand and supply dynamics. Comparing a spot price in a high winter month with term price is totally irrational.” PD said that if one wants to compare prices, it should be made for a full year that includes all seasons. “GoP purchased spot cargoes at average $6.84 DES(Delivered Ex Ship) including all higher cost winter cargoes in Jan, Feb, Nov and Dec 2020.Where all term cargoes received average of $8.06…

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LAHORE: Creating jobs should be the top priority of this government. Poor governance has been the main hindrance in job creation as investors need strict adherence to rules and regulations that are regularly flaunted. Good governance must start from the top. If the ruling elite strictly followed rules, governance would automatically improve. The man at the top should give a policy guideline on all affairs. The ruling party should opt out of managing postings and transfers. Let these functions be performed according to the procedures laid down in the book.…

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ISLAMABAD: Prime Minister Imran Khan has emphasised the importance of energy sector for the economy, and stated that it was the government’s responsibility to meet the energy requirements of all sectors. The prime minister made these remarks while chairing a meeting to review the energy sector on Monday, and received a detailed briefing on the current situation of the energy sector – electricity and gas from the concerned ministry and the Petroleum Division. The Minister for Energy Omer Ayub, Special Assistant to the Prime Minister Tabish Gohar, and secretary Ministry…

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KARACHI: SSGC has once again reiterated that the only GSA signed between SSGC and KE was for 10 mmcfd and despite less gas being injected into SSGC’s system from the gas fields, regardless of the season, SSGC has always provided much more gas to KE than the GSA allocated amount so as to avert power outages in the city of Karachi.Currently SSGC is providing on average 70 to 100 mmcfd gas to KE while the Company has provided 270 mmcfd plus gas to the power company in summers this year…

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ISLAMABAD: Special Assistant to Prime Minister Special Assistant on Power Tabish Gauhar said on Monday that domestic and agriculture consumers are being provided a subsidy of Rs 450 billion per annum which is not sustainable. He was addressing a session on National Electricity Policy 2020, to be submitted to the Council of Common Interests (CCI) for final approval. “Industrial and commercial consumers are cross subsidizing Rs 250 billion that’s why Prime Minister says industrial tariff is 25 per cent expensive in Pakistan as compared to India and Bangladesh. In addition,…

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