OMCs seek an end to ongoing ‘witch-hunt’

The Oil Marketing Association Pakistan (OMAP) on Tuesday called for an end to the witch-hunt of the oil marketing companies (OMCs) saying it was increasingly becoming difficult for them to operate under the current circumstances. OMAP Chief Executive Officer Dr Ilyas Fazil in a letter to Energy Minister Hammad Azhar appealed for an end to the spate of inquiries against the OMCs in the wake of the June 2020 Petrol Crisis Commission’s report. “This sector is the most important one to keep the wheels of the economy turning and must…

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Mines dept claims 15pc hike in revenue collection

The Khyber Pakhtunkhwa Mines and Mineral Development department has increased its revenue collection by more than 150 per cent over the past two years. According to documents available with Dawn the mines and minerals department in 2018-19 had collected Rs2.1 billion, however, in 2019-20 its revenue collection soared to Rs3.2 billion and it touched Rs5.2 billion in the last fiscal. “This is an increase of over 150 per cent over a period of two years,” an official told Dawn. The official said that during the same period, the department issued…

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82pc of released PSDP funds utilised in FY21

The utilisation of funds stood at 82 percent against the releases in Sindh during the financial year ended on June 30, 2021 under the Public Sector Development Programme (PSDP). According to a summary of the provincial government, the release of amount and its utilisation also includes the provincial and district Annual Development Programmes and federal grants and foreign assistance for the development projects. The Sindh government’s PSDP included Rs155 billions for provincial ADP, Rs15 billions for district ADP, Rs54.641 billions for foreign project assistance and Rs8.3 billions from federal grants.…

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Third day of talks on PSGP: No sovereign guarantee for profit, Pakistan tells Russian team

Pakistan will not extend to Russia the sovereign guarantee against 26 percent shares in Pakistan Stream Gas Pipeline Project (PSGP). However, it has extended assurances to Russia which are enshrined in the amended Inter-Government Agreement (IGA). Pakistan will be having 74 percent shareholding and Russia 26 percent. This was the essence of the third day of talks between Pakistan and Russian excerpts on the project of paramount importance. However, the Oil and Gas Regulatory Authority (OGRA) will determine the tariff of the pipeline. The regulator will include in the tariff…

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Khalid Mansoor parts ways with Hubco

After eight enterprising years with Hubco, Khalid Mansoor, CEO Hub Power Company Limited, has decided to part ways with the company. During his tenure with the company, he led Hubco to enhance its overall generation capacity from 1,600 MW to 3,581 MW. His achievements on behalf of Hubco include capacity building and switching to self O&M of our plants, successful diversification into the coal-based arena through 2×330 MW power plants in Thar (TEL &TN), investment in SECMC and setting up of a 1,320MW CPHGC plant through a joint venture with…

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Pakistan Nuclear Technology Potential

After the establishment of KANUPP, in 1972 its first nuclear power plant in Karachi produced 137mw of energy – the use of nuclear power in Pakistan has seen a sharp escalation in recent times. Pakistan presently being an energy-hungry economy with outstanding industrial growth potential continues to invest in renewable nuclear power technology. Pakistan embraced a National Energy Security Plan, in 2005 which called for the installation of over 8800mw of nuclear power capacity in Pakistan by 2030. For the attainment of this objective, Pakistan has recently built the K-2…

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Is Pakistan preparing for a decarbonised world?

ALTHOUGH the world’s attention is currently focused on the Covid-19 pandemic, climate crisis remains the planet’s greatest challenge. To strive to limit the global temperature to 1.5°C means halving the CO2 emissions by 2030 and reaching net zero by 2050. But these pledges have clearly fallen short. In fact, it took a pandemic and the resulting economic shutdown to bring global CO2 emission down by 4-8 per cent. The only way out of the conundrum is to decarbonise and to do it quickly. For Pakistan “the time to resist international…

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Pakistan: Climate Change, Environmental Problems And Pollution, A Rising Uncertainty

Reports claim that environmental dilapidation can cause a loss of PKR 365 billion every year and hence, it can even deteriorate the economy! Climate change primarily is global warming caused by emission of greenhouse gases via human activity and is responsible for the large-scale alterations in the weather pattern. Human activity burns fossil fuels to produce energy which releases carbon dioxide in the atmosphere. This greenhouse gas traps heat energy from the sun causing a greenhouse effect. Climatic scientists highlight that Pakistan is particularly susceptible to climate change impacts because…

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Rs108b savings expected from power shift to solar

The Punjab government has decided to shift government offices, schools, colleges, universities and health units across Punjab to solar power under the Green Energy Programme through which Rs108 billion will be saved annually. A comprehensive plan has been formulated to increase the use of solar energy in the light of the directives issued by Punjab Chief Minister Usman Buzdar. In the first phase of the programme, government offices and educational institutions in Lahore, Faisalabad, Multan and Sahiwal will be shifted to solar power while in the second phase, government offices…

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