06. 04. 13
Inefficient plants wasted gas worth Rs 350 billion in five years
Supreme Court should unmask elements behind damaging move
The Pakistan Economy Watch (PEW) on Friday asked the government to review policy of providing natural gas to inefficient captive power plants that have wasted gas worth Rs 350 billion in last five years.
Gas companies continue to provide fuel to the primitive plants while avoiding stress on improving the efficiency which will reduce wastage currently estimated over 70 per cent, it said.
Captive power plants are getting gas in return of political favours which is causing an yearly loss of minimum Rs 70 billion, said Dr. Murtaza Mughal, President PEW.
In: Akhbar-e-Haq, Business Recorder, Business Times, Din, Dunya, Jehan Pakistan, Matro Watch, Nai Baat, News Mart, Pakistan, Pakistan Today, Sama, The Frontier Post, The Nation, The Patriot, Universal Recorder, Voice of PakistanAuthor: aamirjaved
21. 07. 11
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Political reconciliation can boost economy: Ch. Shujaat
National Reconciliation Policy needed: Dr. Mughal
President PML-Q Ch. Shujaat Hussain on Wednesday said Pakistan is caught in a deepening economic crisis which can be resolved through political reconciliation.
Economy can prosper if all political forces find common ground to bring country out of current mess to ensure political and economic stability.
The veteran politician said that Pakistan has enough resources and human capital to become a major economic power but some politicians are working contrary to the national interests to gain mileage, he said. read more…
In: Al-Sharq, All Voices New York, Asas, Azkar, Business Recorder, Din, Islam, Jammu&Kashmir, Jinnah, Kashmir Times, Khabrain, Labbaik, News Mart, Pakistan Observer, Public Eye, Sada-e-Gilgit, States Time, The Financial Daily, The Frontier Post, The NewsAuthor: aamirjaved
03. 07. 11
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Fauji Cement hikes production capacity by 200 per cent
Absence of support to cripple cement sector: Murtaza Mughal
To meet the future challenges and demand, Fauji Cement Company Limited (FCCL) has installed country’s biggest single unit plant to enhance production capacity by almost 200 per cent.
FFCL, the No.1 company by capacity utilization of 90.67 per cent against an overall average of 71.65, use to produce 3885 Metric Tonnes (MT) of cement per day but now it is producing 11560 MT.
We have invested Rs 20 billion to purchase state-of-the-art plant from Polysius (ThyssenKrupp) Germany while all other items including electrical equipment, packing plant, vertical cement mills have been imported from Switzerland and other developed nations, said Brigadier Muhammad Sarwar, SI (M), TBt, (Retd). read more…
27. 06. 11
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Master Plan for rural electrification through renewable energy demanded
Energy crisis greatest bottleneck in supply of resources to economy
The Pakistan Economy Watch (PEW) on Sunday said that alternative forms of energy are becoming more cost-competitive with conventional fuels therefore government should accelerate the pace of its development.
Energy crisis is greatest bottleneck in the supply of resources to our economy; it is biggest problem than terrorism, said Dr. Murtaza Mughal, President PEW.
He said that some areas will have to brave 23-hour load shedding by 2020 if development of energy resources was not given proper attention.
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In: Al-Sharq, Azkar, Baad-e-Shimal, Business Recorder, Business Times, Capital Post, Daily Mail, Din, Herald Tribune, Islam, Jammu&Kashmir, Kashmir Times, Khabrain, Labbaik, News Mart, Pakistan, Pakistan Observer, Rehbar, Sada-e-Gilgit, Sarkar, The Frontier Post, The NationAuthor: aamirjaved
