Industries ready to pay 100 pc gas cost only, not subsidies: KCCI, Industrial Town Associations KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) along with all seven Industrial Town Associations and Value-Added Textile Associations have fervently appealed the government to bring down gas tariff to Rs1350 per MMBtu which has been determined as 100 percent cost of gas by…
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Pakistan LNG Limited (PLL), a government subsidiary responsible for procuring liquefied natural gas (LNG) from the international market, has announced its intention to secure an LNG cargo for January.
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Islamabad. Apropos news items appearing in the press regarding ‘Brownfield Refinery Policy’ it is being clarified that numerous meetings have been held between Oil and Gas Regulatory Authority (OGRA), refineries and the representatives of Ministry of Energy, Petroleum Division. The Brownfield Refinery Policy required to be signed enabling the existing refineries to proceed with their projects to upgrade to produce…
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KARACHI (Nov 14): Caretaker Sindh Chief Minister Justice Maqbool Baqar has invited proposals for the establishment of an Archaeological Park at Chaukhandi Graveyard meanwhile he ordered the removal of encroachment around the graveyard and organization of from the would be removed from the graveyard to organise a fundraising musical evening at the site. He issued these orders during his visit…
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KARACHI: Mari Petroleum Company Limited has announced Extended Well Testing (EWT) production commencement from Well Ghazij-2 in Mari Development and Production Lease (D&PL) in Daharki, Sindh. Mari Petroleum Company Limited had earlier informed that the company has successfully drilled and tested the appraisal Well Ghazij-2 in Mari D&PL. It is further informed that Extended Well Testing (EWT) gas production from…
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Negotiations at advanced stage, financing may be released by next month ISLAMABAD: Pakistan has sought $600 million in fresh loans from two Chinese banks to bridge a big financing gap and also bets on successful completion of International Monetary Fund (IMF) talks for improvement in its credit rating to borrow from non-Chinese foreign banks. Sources told The Express Tribune that…
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Emphasise need to reduce cost of electricity production, revise tariff structure LAHORE: A discussion convened by the Lahore Economic Journalists Association (LEJA) titled ‘Increase in power tariffs – impact on consumers’ affordability, DISCOs recoveries, and circular debt’ brought together experts who emphasised the urgent need to reduce the cost of electricity production, revise the tariff structure, and enhance the efficiency…
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Aims to diversify Karachi’s energy mix, drive down costs and reduce environmental impact ISLAMABAD: K-Electric (KE), the primary electricity provider for Karachi, is advancing a strategic renewable energy plan that could reshape the city’s power landscape. The company has taken significant steps towards adding 640MW of renewable capacity to the local grid. KE’s revised Requests for Proposals (RFPs) submitted include…
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KARACHI: The Thar Foundation recently marked a significant milestone with the inauguration of the Village Electrification Project (VEP), set to illuminate households in Thar Coal Block II through the installation of solar systems. As part of the initiative, a total of 1,035 households are poised to benefit, painting a promising picture of progress and development for the region’s villages. The…
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Akhtar says plan prepared to tackle issues, enable PSX to raise green financing KARACHI: Pakistan faces a monumental task in its battle against climate change, requiring a massive investment of $340 billion over the next seven years to confront the escalating threats of rising temperatures and sea levels. The nation’s fate, as well as its exports to the world, hangs…
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