Category: Uncategorized

Industry’s gas woes

Admin

BONA FIDE textile and clothing exporters have started suffering production losses as the row between the industry and energy ministry over the complete suspension of gas supplies for captive power continues. While the ministry’s action may not leave as extensive an impact on the industry’s overseas shipments during winter as is being maintained by APTMA, it has already compelled many exporters — especially vertically integrated units dependent on gas or on both electricity and gas to fully run their operations — to partially close down their production capacities. The ministry…

Read More

Islamabad’s Air Pollution Reaches Record Highest

Admin

Federal capital’s air pollution reaches record highest, reveals the 24 hours ambient air quality report of Pakistan Environmental Protection Agency (Pak-EPA)’s on Wednesday. According to the report, increased ratio of environmental pollutants causing bad air and degraded atmosphere leading to smog. The National Environmental Quality Standards (NEQS) by EPA set a threshold of 35 microgrammes per cubic meter for particulate matter of 2.5 microns (PM2.5), 120 microgrammes per cubic meter for sulphur dioxide (SO2) and 80 microgrammes per cubic meter to ensure clean ambiance. The report highlighted that the past…

Read More

All set for inking $1.5bn loan agreements with ADB

Admin

Pakistan and the Asian Development Bank (ADB) will sign six financing loan agreements worth $1.535 billion on Wednesday (today), it is learnt. Official sources revealed to Business Recorder that Minister for Economic Affairs Omar Ayub Khan will witness the loan-signing ceremony. Documents revealed that the Economic Affairs Division (EAD) and the ADB will sign loan agreement worth $600 million for integrated social protection development programme (BISP Ehsaas). Another project worth $300 million would be signed for energy sector reforms and financial sustainability programme (Sub-program 2). The EAD and the ADB…

Read More

Karachi Facing Acute Gas Shortage

Admin

The Ministry of Energy has said that Karachi is facing acute shortage of gas as the freezing cold in Quetta in the current winter season requires an increase in gas supply. A ministry representative made the remarks when the Standing Committee on Energy (Petroleum Division) asked about the worsening gas shortage and increase in petroleum product prices in the country. The committee met for its 13th meeting on Tuesday. DG (gas) told the committee that the country lacked storage capacity, otherwise the issue of energy shortage could be tackled permanently.…

Read More

SNGPL to Launch Campaign Against Use of Compressors

Admin

Sui Northern Gas Pipelines Limited (SNGPL), Rawalpindi Region would launch a campaign to check the use of compressors. According to a SNGPL spokesman, the consumers of some localities were facing low gas pressure due to severe cold weather for some days. “SNGPL is trying to utilize all available resources to increase the gas pressure,” he claimed. To a question he said that SNGPL had issued a warning to the citizens against installing and using compressors, declaring them illegal and hazardous. He said that the teams would go door-to-door to ensure…

Read More