Category: Recent Post

ISLAMABAD: The PTI government has decided to increase the salary of Ogra chairman (who is yet to be appointed) by 150 percent to Rs15,00,000 per month from Rs600,000 the ex-chairman had. The members of Ogra that regulates the oil and gas sector of worth $20 billion will be discouraged with huge disparity in salary structure between Ogra members and its chairman as the qualifications and the experiences of members and chairman are the same. Ogra’s every member has salary of Rs600,000 per month and chairman had the same salary but…

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KARACHI: A public hea­ring of the National Electric and Power Regulatory Auth­o­rity (Nepra) seeking amendment to K-Electric’s licence was marred on Monday as public representatives and political leaders demanded that the federal government allow more power supply companies to operate in Karachi, while the city’s lone power utility termed the move to end its exclusivity “violation” of the agreement. Participants, who apparently also included a sizeable number of power utility supporters, kept on chanting slogans intermittently, with Nepra chairman Tau­seef Farooqui asking them to show some restraint and not to…

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ISLAMABAD: As the government struggles to translate memorandums of understanding (MOUs) signed with the Independent Power Producers (IPPs) of thermal and renewable power plants for tariff discounts into contracts, sponsors of hydropower power plants (HPPs) have declined to revise old agreements with the government. A senior government official told Dawn that sponsors of HPPs had three to four sessions with the IPPs negotiations committee led by former federal secretary Babar Yaqoob and comprising members of stakeholders and agencies appointed by the government to negotiate power contracts. However, nothing had been finalised yet, he said.…

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The Vice Presidency for Projects and Engineering Studies, His Excellency Eng. Sultan bin Ati Al Qurashi inspected the functioning of the strategic water reservoir feeding the Grand Mosque and its facilities, and was accompanied by the Assistant Director General of Projects. Al-Qurashi stated that this reservoir is considered one of the most important strategic projects in infrastructure services for the third Saudi expansion project of the Grand Mosque and its facilities, which will be used during the holy month of Ramadan 1442 AH. His Excellency indicated that this strategic reservoir…

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The world’s first Very Large Containership fueled by LNG left the shipyard of Hyundai Samho Heavy Industries earlier this month to be delivered to Singapore’s Eastern Pacific Shipping, one of the world’s biggest ship owners. This is just the crest of what could become a wave of LNG-powered ships in the future. One big event this year that got lost in the noise around the coronavirus pandemic was the entry into effect of new, lower-emission fuel requirements drafted by the International Maritime Organisation. Refiners had been preparing for the IMO 2020 emission rules…

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