Industry Ministry rebuts withdrawal of gas subsidy for fertilizer companies
The Ministry of Industry and Production issued a rebuttal on Saturday on the news circulating about the withdrawal of gas subsidy for fertilizer companies is baseless. according to the Ministry’s Spokesperson, this matter was never included in the cabinet’s agenda.
Adil Aziz
Suzuki Motor Corporation wants to set up a Biogas Plant in Karachi: Mr. Kenichi Ayukawa
Mr. Kenichi Ayukawa, Global Vice President, Suzuki Motor Corporation shared that Suzuki Motors Corporation wants to set up a biogas plant in Karachi. The renewable energy will be produced by using food waste and animal manure. The Federal Minister, Rana Tanvir Hussain assured the visiting delegation that government will provide necessary support and facilitation to Suzuki Motor Corporation in business operations and expansion in Pakistan.
Editor
CCP approves product supply agreement between Aramco, GO Petroleum
The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on the relevant clauses of product supply agreement between Aramco Trading (ATC) Fujairah FZE Ltd and Gas and Oil Pakistan Ltd (GO Petroleum) for importing and selling gasoline and diesel products to Pakistan.
Govt drop down the prices of Petroleum products
The government announced a reduction in the price of petrol by Rs 15.39 and high speed diesel by Rs 7.88 per liter. The new price of Petrol is Rs 273.10 and the price of high speed diesel is Rs 274.08 per liter.
LUMS Hosts 2nd Symposium on Battery Electric Vehicles in Pakistan
LUMS hosted the 2nd Symposium on Battery Electric Vehicles (BEVs) in Pakistan in collaboration with the Higher Education Commission (HEC) Pakistan, World Bank, and the International Finance Corporation (IFC). Focused on ‘Accelerating the Electric Mobility Transition in Pakistan’ this year, the symposium brought together senior leaders, policymakers, academics, and industry experts. The event featured distinguished speaker sessions and panel discussions on progress, challenges, and ways for electrification of transportation in the country in line with global trends.
Pakistan’s oil refineries ready for implementation of Brownfield Refinery Policy
In a significant move towards bolstering Pakistan’s energy security and economic development, three major oil refineries – Attock Oil Refinery, National Oil Refinery, and Pakistan Oil Refinery – are poised to ink an agreement with the Oil and Gas Regulatory Authority (OGRA) under the Brownfield Refinery Policy.
Petrol and HSD prices up by Rs 4.53, Rs 8.14 per liter
The government announced an increase in the price of petrol by Rs 4.53 and the price of high speed diesel by Rs 8.14 per liter in line with the trend of oil prices in the international oil market.
Qatar Fund keen to increase footprint in Pakistan’s power, housing sectors
Chief Executive Officer, Qatar Fund for Development (QFFD), Khalifa bin Jassem Al-Kuwari showed his interest in increasing the footprint of the fund in Pakistan’s power generation and housing sectors.
Energy Summit: Insurance promotes investment in energy sector
Experts highlighted the critical importance of insurance for the sustainable development of multiple energy resources, including power, oil, and gas, aimed at promoting investment opportunities, innovations, and efficiencies within the sector in Pakistan.
Renewable energy policy 2006 Why to curtail wind power projects despite tariff of PKR 14.7/KWH
Mr. Atif Ikram Sheikh, President FPCCI, has expressed his profound concerns that the renewable energy policy 2006 is not being implemented in letter & spirit as costlier and obsolete power projects are still being given preference – while it makes no economic sense to purchase power for the national grid from costlier plants in these times of stagflation, mounting circular debt and burgeoning balance of payments (BoP) & depleting foreign exchange reserves (FER) even further through importing furnace oil.