Aftab Maken ISLAMABAD: Pakistan LNG Limited (PLL) has rejected the financial bid submitted for its Liquefied Natural Gas tender after the sole participating bidder, BP Singapore, quoted a contract price of US$26.969/MMBtu for the September 4–8 cargo delivery, deeming the offer too expensive to accept. Official tender documents show the …
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BeNewz Report ISLAMABAD: Temporary nighttime power outages continue across large parts of Pakistan, with consumers in Punjab — particularly Lahore and surrounding LESCO areas — facing 2 to 4 hours of load management between roughly 9 pm and 4 am, while daytime supply remains largely normal due to solar generation offsetting …
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BeNewz Report ISLAMABAD: The Petroleum Division has formally handed implementation of the Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023, to Inter State Gas Systems (ISGS), sidelining both the sector regulator OGRA and the ministry’s own bureaucracy from direct execution of the multibillion-dollar programme. A Petroleum Division letter designated …
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BeNewz Report ISLAMABAD: Federal Minister for Petroleum and Natural Resources Ali Pervaiz Malik said on Thursday that the Petroleum Division is in the final stages of finalising agreements with local refineries, aimed at resolving long-standing structural weaknesses in Pakistan’s refining sector and unlocking investment in deep-conversion facilities. Speaking at the …
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–Pakistan’s Cabinet Committee on Energy has approved the high-level design of the National Integrated Energy Plan 2027–2060. —The framework aims to coordinate energy planning, investment and resources across sectors while improving affordability, reliability, energy security and environmental sustainability. Aftab Maken ISLAMABAD: Pakistan has approved the high-level design of its National …
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Aftab Maken ISLAMABAD: Pakistan has cleared the way for one of the largest industrial investment drives in its energy sector in decades, approving amendments to its refining policy that could unlock between $4.5 billion and $6 billion for the modernization of five domestic refineries. What Was Approved The Cabinet Committee …
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BeNewz ISLAMABAD: Pakistan’s energy storage sector stands at a turning point. Government projections show domestic lithium-ion battery demand climbing to 40-51GWh by 2031, putting the market’s potential value at $6.5bn-$9bn — a scale that would make batteries one of the country’s most consequential new industries if local manufacturing can be built …
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Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved a revision in dealers’ margins on Motor Spirit (MS) and High-Speed Diesel (HSD), following a proposal submitted by the Petroleum Division. The meeting was chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb at …
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BeNewz Report ISLAMABAD: The National Accountability Bureau (NAB) has formally assumed jurisdiction over the high-profile corruption case involving M/s Sitara Energy (Pvt.) Ltd (SEL), Faisalabad, and officers of FESCO, CPPA and NEPRA, directing the Federal Investigation Agency (FIA) to transfer the entire record of its investigation to the Bureau “with …
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–Petroleum dealers issue 72-hour ultimatum to government for 8% margin as goods transporters remain off roads BeNewz Report ISLAMABAD: Pakistan is bracing for a major fuel crisis as petroleum dealers have announced an indefinite nationwide shutdown of petrol pumps from August 15, while goods transporters continue their wheel-jam strike for …
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