Fawad Yousafzai

  • ISLAMABAD - Oil and Gas Regulatory Authority (Ogra) has recommended an increase of up to 40.57 percent in the prices of POL products for the first fortnight of March 2017. Under its fortnightly price adjustment, Ogra has recommended an increase of 4.15 percent or Rs2.96 per litre in the prices of ...

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  • ISLAMABAD - A parliamentary committee yesterday showed concern over the plea bargain by the NAB with the culprit involved in oil theft worth hundreds of millions of rupees and hinted that they would introduce a bill in parliament to amend the law. “If the money belongs to the government of ...

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  • ISLAMABAD -  The Ministry of Planning and Development has directed the ministries and divisions to surrender their unutilised allocated amount to the planning ministry for completion of fast-moving projects, it is learnt reliably here on Sunday. The government wants to transfer the unutilised ...

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  • ISLAMABAD -  As against the petroleum ministry recommended prices of Rs1,100 per 11.8kg LPG cylinder, the Oil and Gas Regulatory Authority (Ogra) on Friday determined that for the month of February the prices of LPG will be Rs910 per cylinder. In two separate letters to the LPG producing and ...

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  • ISLAMABAD - The Japanese government has agreed to extend a grant aid of worth 500 million Japanese Yen (Rs453 million or $4.43 million) to Pakistan for installing Face Recognition Systems at major international airports of the country for improvement of security. The signing ceremony to this effect ...

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  • ISLAMABAD -  The Asian Development Bank (ADB) on Thursday expressed satisfaction about the present government’s power policy and hoped that Pakistan would be able to overcome loadshedding in the country by 2018. “Yes I am hopeful that Pakistan can eliminate loadshedding by 2018 but ...

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  • ISLAMABAD - The Sub-Committee of Senate Standing Committee on Petroleum and Natural Resources has expressed serious concerns over the use of smuggled Iranian petrol by the oil and gas Exploration & Production (E&P) companies for their field operations, which is causing heavy losses to the ...

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  • ISLAMABAD -  The seriousness of the federal government about education can be gauged from the fact that it took three months time to just write to a local bank to confirm a bank account, so that European Union could transfer first tranche of 18.5m Euros to Khyber Pakhtunkhwa government under ...

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  • Islamabad - The Sindh government is planning to carry out study for the construction of a new barrage to replace the existing Sukkur Barrage which is about to exhaust in a couple of decades, it was learnt reliably here Sunday. The construction of a barrage is a time-consuming process therefore the ...

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  • ISLAMABAD - A parliamentary committee was informed on Friday that 83 percent gas supply to Balochistan was going unbilled or stolen annually. “According to officials of the Sui Southern Gas Company (SSGC) of the entire annual natural gas supply to Balochistan, 83 percent is going unbilled, ...

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  • ISLAMABAD-Oil and Gas Regulatory Authority (Ogra) is examining the reasonability of Liquefied Petroleum Gas (LPG) market prices and will determine new rates for LPG in one week. “We are examining the fresh LPG price proposed by the Ministry of Petroleum and have sought comments and records ...

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  • Islamabad -  Pakistan has the potential to generate 10,000 megawatt geothermal based electricity which is cheaper, sustainable and cleaner source of energy. In Gurgur, an area in Balochistan, there is a potential of generating 5,000MW of geothermal-generated electricity, while in the entire ...

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  • ISLAMABAD - The government has only released 25 percent funds of allocated budget for the water and power sector in the current Public Sector Development Programme (PSDP), during the first eight months of the fiscal year 2016-17. Out of the total amount of Rs216 billion allocated for 173 projects, ...

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  • ISLAMABAD-Board of Investment (BoI) has identified 41 sites for the establishment of Special Economic Zones (SEZs) and the government will offer lucrative incentives to the investors in these zones, which includes duty and tax exemption on import of machinery and 5-year tax holiday. BoI has ...

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  • ISLAMABAD-Pakistan has increased the import of electricity from Iran by 42 percent and will further enhance it after the remaining international sanctions on the neighbouring country are lifted. Since December 2016, the import of electricity from Iran has increased from 70MW to 100MW, which is ...

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  • ISLAMABAD - Accountant General of Pakistan Revenues (AGPR) has refused to release the pay of the China Pakistan Economic Corridor Support Project (CPECSP)’s staff, saying that the salaries do not match the government’s standard pay structure. The AGPR has raised questions regarding ...

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  • ISLAMABAD - The Khyber Pakhtunkhwa government yesterday protested federal government’s decision to take the National Electric Power Regulatory Authority (Nepra) under its control. KP Chief Minister Pervez Khattak met with Federal Minister for Water and Power, Khwaja Muhammad Asif, and ...

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  • ISLAMABAD -  Despite worst performance, ownership of 90 percent complaints of power sector and slump in oil prices, since 2008, Nepra has allowed K-electric to double its power tariff. In 2008, when the oil prices were higher, the Nepra determined tariff for K-Electric was around Rs7.14 per ...

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  • ISLAMABAD - The missing of 80-year-old Abdul Ghafoor Khan at Haj 2016 is still a mystery as both Pakistani and Saudi authorities are clueless about his whereabouts even after the passage of six months. So far neither the Saudi nor the Pakistani authorities have been able to give a satisfactory ...

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  • ISLAMABAD - Oil and Gas Regulatory Authority (Ogra) has directed the LPG companies to strictly comply with the prices determined by the Ministry of Petroleum and Natural Resources and sell the 11.8kg cylinder at Rs900. In a letter to the LPG companies, written on February 6, Ogra said that ...

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  • ISLAMABAD - In the absence of any consumer protection mechanism, the CNG owners across Pakistan are overcharging consumers as the Khyber Pakhtunkhwa Compressed Natural Gas (CNG) stations, in less than a month period, have once again increased the gas prices by Rs4.08 per kg from Rs78.82 to Rs82.90 ...

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  • ISLAMABAD - The federal government has failed to achieve the target of enhancing the installed power generation capacity by 1,027 MW during 2015-2016 and has just added 402.66 MW. “A key recurring factor that has impeded progress in tackling the electricity crisis has been the issue of ...

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  • ISLAMABAD - The Central Development Working Party (CDWP) on Tuesday approved 15 projects of worth Rs172.1 billion; including seven project costing Rs162.9 billion, which were referred to the Executive Committee of the National Economic Council (ECNEC). In addition, CDWP approved three position ...

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  • ISLAMABAD -  A parliamentary committee was informed on Monday that Sui gas field is depleting fast and only eight to nine percent of the reserves are left in the country’s oldest field. The committee was also informed that around Rs20 million natural gas was being stolen daily in Karak, ...

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  • ISLAMABAD - The government is likely to lift ban on new gas connections to commercial entities, industries, and housing societies, it has been reliably learnt The government wants to provide new connections for the supply of imported re-liquefied natural gas (RLNG) to commercial entities, ...

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  • ISLAMABAD -  Taking undue advantage of the new deregulated regime, the Khyber Pakhtunkhwa Compressed Natural Gas (CNG) stations have increased the gas prices by Rs3 per kg. The CNG stations in Punjab and Sindh are already charging Rs3 extra from their customers after getting free hand to ...

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  • ISLAMABAD - The National Assembly Standing Committee on Petroleum and Natural Resources Thursday recommended referring of the cases of around Rs1.5 billion corruption in the Oil and Gas Development Company Limited (OGDCL) to FIA. The parliamentary panel also directed the Federal Investigation ...

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  • ISLAMABAD -  The KPMG firm, hired by OGRA for carrying out a study to find the exact gas losses and determine a reasonable Unaccounted for Natural Gas (UFG) benchmarks for SSGCL and SNGPL, will submit its final report on UFG by the end of April. To determine a reasonable UFG benchmarks for the ...

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  • Islamabad-Australia on Tuesday launched water programme to boost agriculture and water management in Pakistan. The project which will cost 15 million Australian dollars was launched here by Australian High Commissioner to Pakistan Margaret Adamson and Federal Minister for Defence Production and ...

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  • Islamabad -  The government is likely to rent Floating Storage and Regasification Unit (FSRU) for the proposed Liquefied Natural Gas (LNG) terminal at Gwadar, after change in its mode of its construction, it was learnt here on Sunday. “The Ministry of Planning has asked the Ministry of ...

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