Category: Shortcode

Punjab, the gas-starved province, is set to receive cheaper gas supplies after the Senate on Thursday passed a bill for applying the weighted average cost of gas (Wacog). In addition, the law will help the government to reduce circular debt in the gas sector while the share of liquefied natural gas (LNG) in gas supply will increase. At present, the share of LNG in gas supply stood at 24% in Pakistan despite the fact that different countries use only 5-6% as an ad hoc arrangement. Pakistan State Oil (PSO) and…

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The opposition on Thursday suffered a defeat in the Senate despite its numerical majority as the government managed to have three bills passed by the house. During key the legislation, the opposition parties were unable to show their majority as the treasury benches went on to have two amendment bills to the Oil and Gas Regulatory Authority (Ogra) Ordinance passed as well as the Allied Health Professional Council Bill. Before the introduction of the Ogra (Amendment) Bill, 2022 and the Ogra (Second Amendment) Bill, 2022 in the house for their…

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Around 6,000 solar modules from Meyer Burger will cover almost the entire roof area of the Europa-Park stadium. German football club SC Freiburg has announced that a 2.4MW rooftop solar array is currently under construction on the roof of its Europa-Park stadium. Swiss solar manufacturer Meyer Burger Technology has provided its heterojunction panels for the project, which is claimed to be the world’s largest PV system built on a stadium roof to date. The project was selected in a tender for commercial PV projects recently held by the German federal…

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Crude oil production in the major oil-producing province of Khyber Pakhtunkhwa has decreased by almost 34 percent during the last three and a half years of the PTI government and has gone down to 33,000 BPD from the earlier 50,000 BPD. Similarly, no significant addition was made to the gas production in the province during the incumbent government, and as of February 2022, the raw gas production in KP was 415 MMcf/d, according to official documents available with Pro Pakistani. As per the official estimates, KP has proven reserves of…

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At a time when people can barely afford to part with even a single rupee from their heavily strained budgets, the federal government has announced a dramatic rise in the prices of all petroleum products, with the increase ranging from Rs10 to Rs12 on average. Analysts believe this may be the highest rise in petroleum prices at one time ever recorded in the country’s history. It comes because of the increase in global petroleum prices and also because of the IMF demand for the levy on petrol, with Pakistan needing…

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