Category: Shortcode

BQATI opposes hike in gas tariffs

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Gas-tariff

KARACHI: Bin Qasim Association of Trade and Industry (BQATI) has protested against the massive hike in industrial gas tariffs. In a general body meeting held at the BQATI Secretariat here the other day, the association decided that, in addition to demonstrations, no export days would be observed unless the government pays serious attention to Karachi’s industries and reconsiders the decision to increase the gas tariff, introducing a fair industrial tariff. BQATI President Abdul Rasheed Janmohmmad said other town associations, linked with the Sui Southern Gas Company Ltd.’s (SSGCL) network, would…

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Govt allows LPG imports without inviting bids

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LPG-tankers

Exempts LPG firm from procurement rules to avert gas crisis in winter ISLAMABAD: Despite facing criticism last year, the government is once again relying on liquefied petroleum gas (LPG) imports to address the emerging gas crisis. It has permitted a subsidiary of Sui Southern Gas Company (SSGC) to bring gas without inviting bids. Last year, the Pakistan Democratic Movement (PDM) government had granted SSGC’s LPG subsidiary exemption from Public Procurement Regulatory Authority (PPRA) rules, allowing it LPG imports without bidding. However, the PDM came in for a lot of flak…

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$10b Saudi investment to arrive soon

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Saudi-investment

Financing will go to oil refinery to be set up by Aramco either in Hub or Gwadar KARACHI, PAKISTAN: Caretaker Federal Minister for Energy, Power and Petroleum Mohammad Ali has said that Pakistan is actively engaged with Saudi Arabia for potential investment of around $10 billion in the oil refining sector, believing their efforts will bear fruit in a couple of months. Talking to media on sidelines of “The Future Summit – The Big Picture” on Wednesday, the minister dismissed the impression that there were mere talks while nothing concrete…

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‘Obsolete KE plants cost Karachiites Rs3-5 extra per unit’

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KCCI-Import

KARACHI: Sindh Commerce Minister Muhammad Younus Dagha has said the Karachiites pay at least Rs3 to Rs5 per unit extra to K-Electric on account of fuel cost adjustment (FCA) every month as compared to other distribution companies (Discos) because of KE’s obsolete power generation plants which need to be unbundled. “The electricity supply system stands completely unbundled across Pakistan where distribution and generation are treated separately but KE is the only utility service provider which solely generates and distributes electricity to consumers,” he said while speaking at a meeting during…

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Talks with Saudis on Reko Diq stake soon

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Pakistan-Reko-Diq-mine

• Evaluation of mining project’s share price complete, says PC chief• Insists $70bn expected under SIFC based on ‘real offers’ from friendly countries• Defends military’s involvement in decision-making due to its ‘capabilities’ ISLAMABAD: Talks with Saudi Arabia on the sale of stakes in the multibillion-dollar Reko Diq gold and copper mine will begin soon, the head of the Planning Commission said on Tuesday, as a share-price evaluation of the project is now complete. Talking to the media, Dr Jehanzeb Khan stressed that the $70 billion foreign direct investment anticipated thro­ugh…

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