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Tag Archives: gas

Nawaz forms body to restore gas for textile units of Punjab

  ISLAMABAD: Prime Minister Nawaz Sharif has formed a committee headed by Federal Finance Minister Ishaq Dar to finalise suggestions for settlement of the issue of gas shortage for textile industry in Punjab during winter months. The new committee has been constituted soon after the Government temporarily suspended the gas load management plan for the textile units in the Punjab ... Read More »

G20 terms energy security critical for growth  

BRISBONE: Leaders of the world’s most powerful economies have agreed energy security must become a G20 priority, noting that stability in the markets is “critical” to their growth. The long-term stability of oil markets is seen as crucial to ensuring the success of reforms promised by the G20, so that it can meet its aim of lifting its combined economic ... Read More »

No electricity & gas for masses, ministers bow to APTMA might

LAHORE: All Pakistan Textile Mills Association (APTMA) has secured continuous supply of electricity and gas after successful negotiation with the government. APTMA Central Chairman S M Tanveer said this while talking to the media. “Successful talks between textile industry’s representatives and the government have resulted into complete exemption from electricity loadshedding for the industry on independent feeders from November 13, ... Read More »

No gas, power suspension for textile industry: APTMA

LAHORE: All Pakistan Textile Mills Association (APTMA) has secured continuous supply of electricity and gas after successful negotiation with the government. APTMA Central Chairman S M Tanveer said this while talking to the media. “Successful talks between textile industry’s representatives and the government have resulted into complete exemption from electricity loadshedding for the industry on independent feeders from November 13, ... Read More »

No gas for Punjab CNG stations, industries from Nov 15 to March 15

ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) is going ahead with its planned suspension of gas supply to CNG filling stations and industries in Punjab from Nov 15 this year to March 15, 2015. The strategy has been devised under the government’s load-management plan to ensure smooth gas supply to domestic and commercial consumers. The plan likely to affect 2,000 ... Read More »

Industry without gas

The federal government has decided to suspend gas supply to industries and CNG stations in Punjab for four months from November 15 to March 15. According to load management policy of the Federal Petroleum Ministry, the decision has been taken in view of the shortage of gas which will only be supplied to domestic consumers in the province. The Lahore ... Read More »

No gas for CNG stations, industries in Punjab for 4 months

ISLAMABAD: Punjab motorists and industrialists have to face problems as there will be no gas for CNG and industrial sectors from November 15 to March 15 in the province and the federal capital as well. However, gas supply will continue in Sindh and Khyber Pakhtunkhwa as usual. This decision was taken during a meeting held under the chair of Minister for ... Read More »

KCCI wants EU to help Pak exporters benefit from GSP Plus

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra, has asked the European Union countries to assist Pakistan in improving its infrastructure so that a business environment could be provided to Pakistani exporters who are keen to raise their exports to EU, particularly after the grant of GSP Plus status. He said that in the ... Read More »

Four-month gas suspension for Punjab CNG stations, industries

ISLAMABAD: Punjab motorists and industrialists have to face problems as there will be no gas for CNG and industrial sectors from November 15 to March 15 in the province and the federal capital as well. However, gas supply will continue in Sindh and Khyber Pakhtunkhwa as usual. This decision was taken during a meeting held under the chair of Minister ... Read More »

Gas crisis to continue in winter as no LNG deal yet: Abbasi

ISLAMABAD: The federal government has not yet finalise the LNG (Liquefied Natural Gas) deal with any country. Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said this while talking to media at Parliament House. He said that the country would not be able to purchase LNG in less than $14 per mmbtu owing to current market situation. However, he ... Read More »

PPP warns govt against privatisation of OGDCL

KARACHI: Pakistan People’s Party (PPP) Senator Mian Raza Rabbani has said that his party does not support privatisation of 69 state-owned units, including Oil and gas Development Company Limited (OGDCL). During a press conference along with Senator Saeed Ghani and other party leaders at PPP Media Cell, Rabbani warned that the PPP would support OGDCL workers, if they come on ... Read More »

Energy crisis: Textile industry faces $1.2b loss in six months

LAHORE: All Pakistan Textile Mills Association (APTMA) Chairman S M Tanveer has said that the textile industry has to bear $1.2 billion loss during the last six months due to acute power shortage and it will have to face further $2.2 billion loss in future, if the energy crisis is not overcome. S M Tanveer, addressing the press conference, said ... Read More »

ECC imposes 5% GST on LNG, approves amendment in OGRA ordinance 2002 to monitor oil & CNG prices

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to impose 5 per cent GST on LNG import to bring Rs450b CNG industry out of crisis. Federal Minister for Finance Senator Muhammad Ishaq Dar chaired the meeting of the ECC here at the Prime Minister’s Office and considered the proposal for exempting LNG import from Gas Infrastructure Development ... Read More »

PTI sit-in: Dar warns against creating hurdles in investment

ISLAMABAD: Finance Minister Ishaq Dar, addressing the International Investment Conference, has said that no one would be allowed to create hurdles in investment in the country as the constitution, laws and governance structure protects foreign investment. Ishaq Dar strongly denounced the sit-in by Pakistan Tehreek-e-Insaf (PTI), and said that the government would not only meet the medium-term economic targets but ... Read More »

Nawaz welcomes 350 delegates on int’l trade moot

ISLAMABAD: With participation of 350 delegates, an international moot titled “Invest Pakistan: priority sectors and legal framework for investment in the country” will start here today. The event will highlight Pakistan’s investment regime and opportunities for investors in different economic fields. Prime Minister Nawaz Sharif will inaugurate the two-day conference. The Board of Investment is organising the moot to show Pakistan’s ... Read More »

Pakistan Petroleum makes another gas discovery in Sindh

KARACHI: Pakistan Petroleum Limited (PPL), along with Government Holdings (Private) Limited and Asia Resources Oil Limited, has announced another gas-condensate discovery in District Sanghar, Sindh. According to the country’s second largest state-run exploration and production company, this is the fourth discovery in the block at exploratory well Kinza X-1 after Wafiq, Shahdad and Sharf gas-condensate discoveries. Exploration well Kinza X-1 ... Read More »

Incessant gas supply to textile sector sought

PRGMEA chairman says government has failed in ensuring provision of gas and electricity to industries in Punjab      SIALKOT: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has demanded an incessant supply of gas to value-added textile sector. Talking to reporters in his office, PRGMEA Chairman Ejaz A Khokhar urged the government to evolve a comprehensive strategy to ... Read More »

Oil and gas reserves in Pakistan

The south-west corner of Pakistan spreads out to the Middle East, the region of major oil producing countries, and it is strongly believed that the country has huge oil and gas reserves which needed to be fully explored. After discovery of gas reserves in Balochistan, Khyber Pakhtunkhwa, Sindh and parts of Punjab, there is no doubt that the land is ... Read More »

Sinking textile industry calls for desperate measures

If government cannot provide gas and electricity then it should announce forced closure of industry   FAISALABAD: More than fifty percent value-added textile units have been closed and the remaining ones are running only with 30 to 40 percent of production capacity, said Rana Alraf Ahmad, senior vice chairman (SVC) Pakistan Hosiery Manufacturers and Exporters Association (PHMEA-North Zone). He said ... Read More »

Pakistan Petroleum discovers gas in Sindh

KARACHI: Pakistan Petroleum Limited (PPL) announced another gas-condensate discovery from exploratory well Adam West X-1 in Hala Block, District Matiari, Sindh. Initial testing in the Massive Sand of Lower Goru Formation flowed 18.6 MMscfd of gas along with 31 barrels per day condensate at 32/64” choke, thereby confirming the presence of commercial quantities of natural gas and condensate at Adam ... Read More »