Category: Shortcode

Pakistan can reduce its import bill by exploiting its great potential for growing tea on a large scale, Wealth PK reported. Tea is one of the most important high-value cash crops. Despite its low cost, tea is the most popular beverage in Pakistan. The country has great potential for tea plantation on a large scale. Abdul Waheed, Director of National Tea and High-Value Crops Research Institute Shinkiari, told WealthPK that the current rate of population growth showed that demand for tea would continue to increase over time, putting a strain…

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The gas shortage will haunt the consumers during upcoming winter season, as there in no improvement in the gas supply position in the country vis-à-vis the previous year.As much gas quantity as last year’s has been arranged for the upcoming winter season, said Minister of State for Petroleum Division Musadik Malik while addressing a press conference here Wednesday. However, the state minister hoped to give more relief to domestic consumers in upcoming winter than last year. An effective gas load management plan for the winter season is being finalized, which…

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Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get through the cold of this winter, the head of the International Energy Agency said on Wednesday, as the EU looks for ways to ease the crisis. European countries have filled storage tanks to around 90% of their capacity after Russia cut gas supplies in response to Western sanctions imposed over its invasion of Ukraine. Gas prices , which surged in the months after the invasion in February, have retreated. But that…

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Displeased over the continued absence of the federal power minister from its meetings, the Senate Standing Committee on Power on Tuesday once again deferred a key government bill and expressed concern over rising circular debt and ‘out-of-merit’ selection of directors to the boards of power sector entities. The meeting of the committee presided over by Senator Saifullah Abro took up the government bill “The Pakistan Penal Code (Amendment) Bill 2022”, as passed by the National Assembly and moved by former law minister Azam Nazeer Tarar on Aug 18. The committee…

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State-run gas utilities, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), have sought a massive increase in gas prices, ARY News reported on Tuesday. According to details, the gas companies have filed a petition with Oil and Gas Regulatory Authority (OGRA), seeking a massive increase in gas prices. SNGPL has asked OGRA to increase the prescribed price by 237 percent, while SSGC has sought an upward revision by 96.36 percent. OGRA would hold the public hearing on Sui Nothern’s petition on Nov 14 in Lahore and…

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