Category: Recent Post

Punjab’s Smoking Basket

Admin

Long considered to be the ‘food basket’ of South Asia, Punjab is the most agriculturally productive region in the Indo-Gangetic plain. Unlike the spring harvest which brings beautiful colours and festivals such as the Baisakhi Mela, the autumn harvest results in a gloomy ambience, which engulfs the region in hazardous smog. The R-Smog Report of 2018 indicates that air pollution in Punjab originating from vehicular traffic and industrial emissions is reaching its peak – emanating from agricultural sources and meteorological conditions during the October and November harvests, giving rise to low hanging air…

Read More

Govt to appoint CEOs of Discos, MDs of gas utilities

Admin

This comes on the heels of over Rs2.3 trillion circular debt in the power sector as of Sept 30, 2020, and about Rs350bn circular debt in the gas utilities — Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) — up from Rs1.2tr and about Rs120bn in 2018, respectively. The federal cabinet will meet on Tuesday. Prime Minister Imran Khan will preside over the meeting that has seven agenda items relating to filling of top positions — chief executives, managing directors and boards of directors —…

Read More

Hubco, DHA plan to develop Sea Water Reverse Osmosis Project

Admin

The Independent Power Producer (IPP), Hub Power Company Limited (Hubco) has entered into a Memorandum of Understanding (MoU) with Pakistan Defence Officers Housing Authority, Karachi (“DHA”) with respect to the revival of DHA Cogen Limited. The revival of DHA Cogen Limited will generate 84 MW of electric power for supplying to K-Electric and provide 3 million gallons per day of potable water for supplying to Cantonment Board Clifton, informed Hubco on Friday. Additionally, Hubco and DHA also plan to develop a five million gallons per day of potable water project…

Read More

Qatari firm participates in LNG tender

Admin

Qatar Petroleum’s newly formed trading unit participated in a buy tender by Pakistan LNG for the supply of liquefied natural gas (LNG) for the first time, industry sources said on Friday. Qatar Petroleum said in November that it had set up a trading unit, Qatar Petroleum Trading Company, which will be headquartered in Doha and aims to build a diversified global portfolio of LNG produced locally and internationally. The parent company typically negotiates the supply of LNG to Pakistan on a government-to-government level, one of the sources familiar with the…

Read More

Remittances remain over $2bn for sixth consecutive month

Admin

KARACHI: Remittances in to the country remained well above the $2 billion mark in November for the sixth consecutive month despite recording a slight increase compared to inflows in October. The data released by the State Bank of Pakistan on Friday show­ed remittances in November clocked in at $2.34bn, up 2.4 per cent month-on-month from October. However, the growth in the first five months of the current fiscal year was 27pc compared to the same period last fiscal year. “During July-Nov FY21, workers’ remittances have reached an unprecedented level of…

Read More