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Pakistan International Bulk Terminal Limited (PIBT) has expressed willingness to supply Thar coal to 300-MW Gwadar Port through barges/ ships as the government intends to shift imported coal project to local coal, well informed sources told Business Recorder. Pakistan International Bulk Terminal Limited is the only terminal at Port Qasim from where Thar coal can be transported for the coal project. According to Secretary, PQA, Tipu Sufian Shaikh, PIBT has urged PPIB to consider all aspects but not limited to following while preparing the feasibility study for coal transportation by…

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The Oil and Gas Regulatory Authority (OGRA) found the Sui Northern Gas Pipeline Limited (SNGPL) responsible for a two-year delay in the installation of the LPG air mix plant in Gilgit and misleading the Economic Coordination Committee (ECC) about its progress and has fined it Rs20 million. An official of the regulator told Business Recorder on the condition of anonymity that the company has deposited the fine money. The OGRA also granted the SNGPL an extension of two years, from 28 June 2019 to 26 June 2023, for the construction…

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The Economic Coordination Committee (ECC) of Cabinet on Friday allowed the Trading Corporation of Pakistan (TCP) to import 160,000 tonnes of urea from China and Azerbaijan under the government-to-government arrangement (G2G). The ECC meeting, chaired by Finance Minister Ishaq Dar, discussed the summary submitted by the Ministry of Industries and Production for the procurement of 200,000 tonnes of urea to replenish the strategic reserves. The Ministry of Industries also informed about various options already negotiated regarding the import from Chinese firms who have committed to supply urea at the lowest…

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National Forum for Environment & Health (NFEH) in collaboration with the Fire Protection Industry of Pakistan (FPIP) is organizing the 12th Fire Safety & Security Convention on November 23, 2022. Governor Sindh M. Kamran Tessori & Sindh Minister for Local Government Syed Nasir Hussain Shah have been invited as chief guest on the occasion. Engr. Nadeem Ashraf, project head of the event while briefing newsmen about the objectives of the convention said that the convention is aimed at promotion of fire safety and security awareness among all the industries, corporate…

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K-Electric Ltd said on Friday the apex regulator of the corporate sector has directed it not to change the composition of its board of directors “till further orders”. K-Electric’s holding company is Cayman Islands-registered KES Power Ltd, with a shareholding of 66.4 per cent. The government of Pakistan controls 24.36pc shareholding in K-Electric while the rest is owned by institutional investors and the general public. The latest directive by the Securities and Exchange Commission of Pakistan (SECP) follows the news that a British Virgin Islands-registered special purpose entity by the…

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