Category: Shortcode

Prime Minister Shehbaz Sharif on Monday said that amid the skyrocketing fuel prices, cheaper energy production from Thar coal mines project would prove a “game-changer” for the development of the entire country. Addressing the inauguration of the commercial operations of Phase-II of Sindh Engro Coal Mining Company (SECMC) during his visit to Thar Coal Mines Block-II, the prime minister said the project was “high on the agenda” for the government in view of the reduced cost it would provide for power generation. Former prime minister Shahid Khaqan Abbasi, government ministers,…

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With fall being felt and winter on the way, European countries are worried how they will make it through the cold months ahead with less energy on hand. The war on Ukraine and Russia throttling supplies have pushed up prices sharply. Governments and the public are grappling with what measures to take and how much daily life will change. UK Britain’s climate minister on Friday ruled out a campaign urging the public to use less energy, despite a warning from the National Grid that in the worst-case scenario there could…

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Some government high-ups are allegedly exercising their influence to clear the way for a liquefied natural gas (LNG) terminal to enhance its capacity, a move that may spark some controversy. Engro Elengy Terminal Private Limited (EETPL) is making efforts to replace its existing Floating Storage and Re-gasification Unit (FSRU), which handles LNG imports, with a bigger one to enhance its handling capacity to 900 million cubic feet per day (mmcfd). At present, EETPL’s terminal has LNG handling capacity of 690 mmcfd, of which the government has been allocated 600 mmcfd.…

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Finance Minister Ishaq Dar on Thursday struck a deal with exporters under which subsidised electricity at nearly Rs20 per unit would be provided to them in a move that will restore the trader community’s confidence in the government but would not stop misuse of the subsidy for domestic production. “The per unit electricity cost for the five export-oriented sectors has been agreed at Rs19.99 per unit that will involve Rs90-100 billion annul subsidies,” Dar announced in a hurriedly-called news conference. He made the announcement after meeting with a delegation of…

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The Chiniot mines and minerals reference has been returned to the National Accountability Bureau (NAB) as an accountability court cited the lack of jurisdiction over the matter as per the amended National Accountability Ordinance (NAO) and directed the bureau to take up the matter to the relevant forum for further action. Accountability Court Judge Zubair Shahzad Kiyani passed the orders while deciding applications filed by the accused, including Punjab Assembly Speaker Sibtain Khan, for acquittal under the amendments to the NAO. The accused, through their applications, had submitted that the…

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