Fawad Yousafzai

  • ISLAMABAD -  The National Electric Power Regulatory Authority (Nepra) has approved Rs1.7 per unit reduction in power tariff for the Ex-Wapda Distribution Companies for July under monthly fuel adjustment formula. In a public hearing, on a petition filed by Central Power Purchasing Agency ...

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  • ISLAMABAD -  Eying on the target of the production of 2 million barrel oil per day, by 2025, the Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) on Wednesday signed a Memorandum of Understanding (MoU) with the American Halliburton company. Under the MoU, American Halliburton company ...

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  • ISLAMABAD - The Central Development Working Party (CDWP) has approved 13 development projects at an estimated cost of Rs12.3 billion and recommended two projects, worth Rs 25.4 billion, to the ECNEC for approval. The CDWP in a meeting chaired by Planning Commission Deputy Chairman Sartaj Aziz ...

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  • ISLAMABAD -  The Khyber Pakhtunkhwa government has fixed Rs2,000 per marla rate for the acquisition of 400 acres of land for the oil refinery, to be established by the FWO, at Karak, it is learnt reliably here on Sunday. All the pre-requisite for the acquisition of land have been finalised and ...

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  • ISLAMABAD -  After sharp decrease in water flows in River Indus and its tributaries during past few days, Irsa has reduced water share of Punjab and Sindh by 55,000 cusecs. Punjab and Sindh were getting water supply under the flood formula. However, now they have been informed that after ...

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  • ISLAMABAD - The senate standing committee on States and Frontier Regions (SAFRON) has expressed serious concern over the closure of the flour mills in the Federally Administered Tribal Areas (FATA) and recommended the government to restore the subsidy for flour mills in FATA as soon as ...

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  • ISLAMABAD -  The deadlock between the government the All Pakistan Oil Tankers Association (APOTA) still persist and the association warned of discontinuing oil supply if their demands were not accepted till August 20. “Our talks with National Highway Authority (NHA) and Oil and Gas ...

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  • ISLAMABAD - Tarbella Dam, the country’s major reservoir, is expected to be filled to the maximum level of 1,550 feet today (Wednesday) as flows into the Indus have improved. Water level in Tarbella reservoir has already crossed 1549 feet by Tuesday evening and by Wednesday morning it will ...

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  • ISLAMABAD - Asian Development Bank is likely to finance Naulong Dam project, located in Balochistan province, it was learnt reliably here Sunday. The water and power ministry has also recommended that a contract should be awarded on EPC (Engineering, Procurement and Construction) basis for the ...

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  • ISLAMABAD -  The ministry of finance will undertake second feasibility study for the modernisation and restructuring of Pakistan Mint Lahore in a span of less than six years. The first feasibility didn’t provide enough drawing and enough detail required for the upgradation of the Mint ...

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  • ISLAMABAD -  Kacchi Canal project has been completed and will be inaugurated during the current month which will irrigate 72,000 acres of land in Dera Bugti. This was disclosed by Wapda Chairman Lt General (Retd) Muzammil Hussain, while briefing Prime Minister Shahid Khaqan Abbasi on the ...

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  • ISLAMABAD - The Rs250 million fund reappropriated to the Khyber Institute of Child Health (KICH) in Khyber Pakhtunkhwa has lapsed after the federal government’s alleged failure to issue authorisation for the release of funds. For the second consecutive year, the planning ministry has failed ...

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  • ISLAMABAD -  Water and Power Development Authority (Wapda) has transferred Chief Engineer (Power) of Tarbela Hydel Power Station, Sher Afzal Khan, as General Manager (GM Power) with immediate effect. “Sher Afzal Khan, Chief Engineer (Power) Hydropower Station, Tarbela is hereby ...

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  • ISLAMABAD -  Russian investors have agreed to setup a medium size refinery in Khyber Pakhtunkhwa. A Memorandum of Understanding (MOU) in this regard was signed here between the delegation of Russian investors from Inter Rao Engineering & HIMMASH APPARAT - a leading EPCC contractor through ...

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  • Islamabad - Prime Minister Shahid Khaqan Abbasi on Tuesday directed power and petroleum divisions to formulate a roadmap to reduce usage of thermal power sources and focus on natural gas and domestic coal for energy production. The prime minister also directed the water resources division to work ...

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  • ISLAMABAD - The Ministry for Planning, Development and Reforms has asked the Wapda to take action against those officials who have awarded the contract of Nai Gaj Dam, at a higher cost, without the approval of the competent forum. The cost of Nai Gaj project was increased to Rs46 billion from the ...

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  • ISLAMABAD - NEPRA has allowed passing on of 1% security cost of the CPEC energy projects to the consumers, which will have impact of Rs 15 to 20 billion during the operational period of these projects. About payment mechanism, NEPRA said that IPPs of CPEC projects shall pay $150,000 per annum, ...

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  • ISLAMABAD - Pakistan Meteorological Department Wednesday issued an alert for the Northern Areas warning the local communities that 5 degree high temperature than the normal can cause Glacial Lake Outburst Floods (GLOF). “Due to persistent heat wave conditions in Gilgit-Balistan and Chitral, ...

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  • ISLAMABAD - The Ministry of Finance yesterday announced that the rates of petroleum products would be maintained at the existing level for the month of August. The bureaucracy has failed to make POL price adjustment for the month of August due to the absence of Chief Executive, after the ...

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  • ISLAMABAD - A parliamentary committee, showing concern over the security of 1300MW CASA-1000 transmission project, has said that the government should get assurance from the World Bank regarding the security issues in Afghanistan as the continuous power supply from project is directly related with ...

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  • ISLAMABAD - The government didn’t award any oil and gas exploration lease during the past four years of its tenure, it has been learnt. Although haughty claims were made by various government officials, however ground reality is totally different as no fresh Exploration lease was granted by ...

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  • Lappi lands maiden win in only 4th rally JYVÄSKYLÄ - Esapekka Lappi earned his first ever victory in sealing the Rally of Finland in his homeland on Sunday ahead of Briton Elfyn Evans and compatriot Juho Hanninen. Belgian Thierry Neuville took over the world championship lead from ...

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  • ISLAMABAD - Oil and Gas Regulatory Authority (Ogra) on Friday recommended the government to reduce the prices of Motor Gasoline (Petrol) and High Speed Diesel (HSD) by Rs3.67 and Rs5.07 per litre respectively for the month of August. However, Ogra has suggested increasing Kerosene price by Rs13 per ...

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  • Islamabad -  The National Electric Power Regulatory Authority (Nepra) on Thursday announced a fresh upfront tariff for Thar coal power generation project and set an upfront tariff of 7.23 cents per unit for wet-cooling based double units on foreign financing and 7.32 cents per unit on local ...

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  • ISLAMABAD - Owners of Pakistani fuel tankers ended their protest strike on its third day on Wednesday, dispelling fears of a fuel shortage that had prompted long queues of panicked fuel buyers at petrol stations countrywide. The announcement by All Pakistan Oil Tankers Owners Association (Apota) of ...

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  • ISLAMABAD - After failure in negotiations with the government, the All Pakistan Oil Tankers Association Tuesday announced that their strike would continue until their demands are met as many cities faced with petrol shortage. “Our talks with the government have failed and the strike will ...

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  • ISLAMABAD - The National Electric Power Regulatory Authority (Nepra) on Tuesday approved Rs2.23 per unit reduction in power tariff, for the Ex-Wapda Distribution Companies, for June under monthly fuel adjustment formula. In a public hearing, on a petition filed by Central Power Purchasing Agency ...

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  • KARACHI - Pakistan Stock Exchange (PSX) started the week on a positive note as the KSE 100-index gained 235 points but in thin trade. The index closed at 45,529.49 points. “While the market echoes with calls of the worst being behind us or having already been priced in, the volumes are ...

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  • ISLAMABAD - The Council of Common Interests (CCI) will discuss water related issues in its upcoming meeting scheduled on July 31. The 32nd meeting of the CCI has been convened next week to discuss some important issue, including the National Water Policy, article 154 of the constitution and ...

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  • Islamabad - Instead of Indus River System Authority (Irsa), the Ministry of Water and Power has started the regulation of Tarbella and has restricted Wapda from filling more than one feet of water per day in the reservoir, saying it will endanger the reservoir. The piezometer of the dam is not ...

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