Category: Shortcode

The meeting discussed various measures to control the skyrocketing prices of petrol in the country. The participants of the huddle were briefed on the existing formula relating to fuel prices in the country. It was discussed in the meeting how the government can continue subsidies on petroleum products. The participants also discussed steps to overcome electricity load shedding amid ongoing sweltering weather conditions in the country.   Talking about subsidy on petroleum products, ex-finance minister Miftah Ismail told Geo News Tuesday that the government was currently bearing a loss of Rs40…

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Banks have revised credit lines for the oil industry to facilitate the import of petroleum products to meet the country’s requirements. Earlier, the Oil Companies Advisory Council (OCAC) – an industry lobby – brought the matter before the State Bank of Pakistan (SBP), asking it to intervene and advise commercial banks to enhance the credit limit for oil companies. OCAC pointed out that the banks had labelled the oil companies as risk entities and were not willing to provide financing for the import of petroleum products. In a meeting with…

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Former Federal Climate Change Adviser, Malik Amin Aslam, has cautioned the newly elected government against launching again new imported coal-based power generation projects as doing so wouldn’t be in the interest of Pakistan. The former Climate Change Adviser expressed these remarks while taking part in a dialogue on “Pakistan’s New Government: the future for Energy and Environment” organised by the Third Pole. Aslam recalled on the occasion that shelving new power generation plants based on imported coal was one of the key policy initiatives of the previous government to improve…

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The ‘fasting’ people of the twin cities of Rawalpindi and Islamabad have appealed to Prime Minister Shahbaz Sharif to immediately take up the issue of long hours of unscheduled loadshedding by Islamabad Electric Supply Company (Iesco). The concerned authority is observing 8 to 10-hours of unscheduled loadshedding in day and night for four days but nobody was questioning them as to why they were doing it in Ramazan. Iesco has broken all previous records of unscheduled loadshedding in Ramazan. In Past, there has been no loadshedding in Ramazan. The majority…

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Minimum opportunities of livelihood force the people of Balochistan to put their lives at stake by choosing the perilous profession of mining. Shocking incidents of casualties in coal mines are reported every passing month. Owing to unsafe working conditions, Balochistan’s mining sector has taken a heavy toll on hundreds of mine workers over the years. Absence of precautionary measures such as rescue equipment, firefighting apparatus, equipment for detection of methane gas and proper ventilation system increases the chances of incidents. A majority of the reported incidents point towards the reckless…

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