Prime Minister Imran Khan was briefed on the progress of work on Diamer Bhasha Dam
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Will build biggest dam in Pakistan’s history’: PM Imran kicks off construction work at Diamer-Bhasha Dam
Prime Minister Imran Khan on Wednesday vowed to build the “biggest dam in Pakistan’s history” after kicking off construction work at the Diamer-Bhasha Dam project, adding that the project will also benefit the people living in Gilgit-Baltistan (GB). The prime minister made the remarks while addressing a public gathering in Chilas. Earlier, the PM had visited the site of the dam along with Chief of Army Staff Gen Qamar Javed Bajwa and Federal Minister for Water Resources Faisal Vawda, where they were briefed on the mega project. In a tweet…
Read MoreCheques issued by OGDC to Shazain Bugti, brothers bounce
ISLAMABAD: Payment to Shazain Bugti of the Jamhoori Watan Party (JWP) has now taken a new turn as the Oil and Gas Development Company Limited (OGDCL) managing director has refused to grant approval to the issuance of cheques worth Rs770 million. According to sources, OGDCL’s General Manager Finance Muhammad Azim, in a letter dated July 6, had sought the approval OGDCL MD Shahid Saleem for issuing Rs770 million to the Bugti family for land Uch gas field. However, the OGDCL MD refused to give approval in this regard after which cheques…
Read MoreOgra reduces gas prices up to 6%
Islamabad: Oil and Gas Regulatory Authority (Ogra) has rejected a demand of gas utilities to increase gas prices and reduced prices up to 6 per cent for the consumers. According to decision released by the regulator, prescribed gas price of SNGPL has been reduced by 6 per cent and SSGCL 2 per cent. Oil and Gas Regulatory Authority (OGRA), under Section 8(1) of OGRA Ordinance, 2002, vide its decision dated July 13, 2020 & July 14, 2020, has determined the revenue requirement of gas companies i.e., Sui Northern Gas Pipeline Company…
Read MoreOil dips on surge in coronavirus infections
LONDON: Oil prices dropped on Monday on big spikes in Covid-19 infections over the weekend in the United States and elsewhere while traders await an OPEC technical meeting expected to recommend an easing of supply cuts. Brent crude fell 65 cents, or 1.5%, to $42.59 a barrel by 08.48 GMT, though prices have been hovering around $42 for a couple of weeks. US crude was down 75 cents, or 1.9%, at $39.80. “Pricing pressures are locked in a holding pattern and will remain so until the coronavirus pandemic is brought…
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