Category: Shortcode

Administrator Karachi Barrister Murtaza Wahab on Friday said that environmentalists agree that plastic bags are a major cause of environmental pollution. “Citizens should discourage the use of plastic bags. The ban on plastic bags has been in place since June 15. I would like to ask the citizens to support the law enforcement agencies and KMC in this regard,” the administrator said in a statement issued from his office. Barrister Murtaza Wahab asked the citizens, shopkeepers, traders and manufacturers to play their role in ensuring the ban and cooperate fully…

Read More

The Sui Northern Gas Pipelines Ltd (SNGPL) on Friday said it would connect new gas fields, discovered near North Waziristan and Lakki Marwat areas of Khyber Pakhtunkhwa, to the system within the next fiscal year, which would help fill demand-supply gap. The Board of Directors of SNGPL in their meeting, dated June 16, 2022, approved the project to lay a 295km-long pipeline from the new gas fields to the state-owned company’s transmission network injection point. The estimated cost of the project is Rs23.4 billion, while it is expected to be…

Read More

But rather than simply replacing one form of gas with another -the shift to imported LNG- undermines the country’s energy security and financial stability,” Institute of Energy Economics & Financial Analysis (IEEFA)’s latest report on Pakistan finds. IEEFA estimates that Pakistan’s LNG imports could rise to more than $32 billion by FY2030, up from nearly $2.6 billion in FY2021, according to report co-authors and energy finance analysts Haneea Isaad and Samuel Reynolds. “LNG sourced from global markets has become 5 to 10 times more expensive than domestically produced gas in…

Read More

Oil and Gas Development Company Ltd (OGDC) said on Wednesday the joint venture of Guddu Block — in which the company is an operator with a 70 per cent stake — has discovered gas in an exploratory well called Umair South East-1 in Ghotki district of Sindh. A regulatory filing said Umair South East-1 was spudded in on May 9 to test the hydrocarbon potential of Pirkoh formation and Habib Rahi Limestone (HRL), it said. “Based on the results of wireline logs interpretation, successful drill stem test-1 in HRL has…

Read More

With receivables of the state-run Pakistan State Oil (PSO) already at a backbreaking Rs600 billion record and counting, the Petroleum Division has reported a gross liquidity requirement of about Rs1.98 trillion for the first quarter of the next fiscal year beginning July 1 for fuel imports to minimise the prevailing loadshedding. The PSO and Pakistan LNG Limited (PLL) are importing liquefied natural gas (LNG) to minimise the shortfall in the demand and supply of gas. Re-gasified LNG is supplied by the Karachi-based Sui Southern Gas Company (SSGC) and Lahore-based Sui…

Read More