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The former chief executive officer of K-Electric Tabish Gauhar has been appointed as the Special Assistant to Prime Minister (SAPM) Imran Khan on Power. According to a notification issued today by the Cabinet Division, said that the PM has been pleased to appoint Tabish Gauhar as Special Assistant to the Prime Minister on Power with immediate effect. The notification added that Gauhar’s appointment shall be in an honorary capacity. Gauhar served as KE CEO for six years before resigning in 2015. He is also the founder and chairman of Oasis…

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ISLAMABAD: The Federal Board of Revenue (FBR) has signed a memorandum of understanding (MoU) with Pakistan Sugar Mills Association (PSMA) to operationalize Video Analytics Rules, 2020, for the sugar sector. FBR Member (IR-Operations) Dr Muhammad Ashfaq Ahmed and PSMA Central President Iskandar Khan signed the MoU on behalf of their respective organizations during a ceremony held at the FBR headquarters in Islamabad. FBR had recently issued Video Analytics Rules, 2020, vide SRO 889(I)/2020, for electronic monitoring of specified goods. Welcoming the PSMA central chairman and other members, Dr Muhammad Ashfaq Ahmed…

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ISLAMABAD: The government has granted zero-rated export-oriented industries special concessions in power and gas tariffs with an aim to spur exports that are stuck in a downward spiral for long, an notification said on Wednesday. Ministry of Energy (Power Division) in its notification said, for this purpose, an amount of Rs10 billion, available to petroleum division for RLNG, had been transferred to the power division. “These special industries will be given a rate of 7.5 cents (¢) per kWh for July & August and 9 ¢/kWh thereafter. For gas, the…

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KARACHI: The government needs to pause any further licencing to power projects as the country sits on surplus generation capacity due to excessive incentives announced for the independent power producers (IPPs), expert said on Wednesday. The speakers told a webinar that electricity should be dealt as a commodity, as this would transfer the risks to investors from the government. Ahsan Zafar, chief executive officer of Engro Energy said if the GDP grows at a rate of 4.5 percent, there will be a 3,500MW electricity surplus by 2025. “We do not…

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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 29th Sep, 2020 ) :The Oil and Gas Development Company Limited (OGDCL) has injected 14 new wells, producing 251,642 Barrels crude oil and 6,709 Million Cubic Feet (MMCF) gas, in its production gathering system during the last fiscal year, ending on June 30, 2020. “The coronavirus pandemic and natural decline in existing oil and gas deposits had adversely impacted the company’s production, which was partially mitigated by injection of 14 wells in the production gathering system,” according to the OGDCL’s Financial…

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