Apr 082017
 
Inflation

This refers to the rising prices of petrol and CNG. This is the first time that prices have gone up at this rate. The concerned authorities should realise that people working in Pakistan have to travel to far areas to work. Some prefer motorcycles while some prefer cars. If one half of their salary will go into fuel, what will be left back for them at the end of the month? This is unfair to honest taxpayers. The majority of Pakistanis belong to the middle class. They cannot make their both ends. They struggle to strike a balance between their meagre income and the rising inflation. It has been a tradition in Pakistan since long that the rich is getting richer and the poor is getting poorer. Aisha Khan Karachi Click for detailed story

Apr 022017
 

PESHAWAR: The launch of the 577.4 billion rupee Bus Rapid Transit (BRT) system in Peshawar is set to slash hazardous carbon dioxide emissions in the city. Thirty-one thousand tonnes of carbon dioxide emissions will be reduced in the first year of the project’s operations alone. It is estimated that by 2026 emissions will fall by 62,000 tonnes which will significantly decrease pollution-related problems. Peshawar was ranked second in the worst air polluted cities globally as a part of a World Health Organisation (WHO) study of over 3,000 cities between 2011-2015. With carbon dioxide levels reaching up to 540 particles per million (PPM) – which is far higher than the WHO set guidelines of 10 PPM. The BRT system is expected to be rolled out in April and shall have a total of 35 bus stations. The provincial government has joined hands with the Asian Development Bank (ADB) to curb carbon emissions. It is hoped that the reduction in carbon emissions would make the city more environment-friendly. Bus Rapid Transit: Over 0.5m Peshawar residents to use BRT every day One of the key reasons for the support of the ADB for the project was its contribution to controlling carbon emissions. This was stated in the Environmental Impact Assessment report of the system which had been submitted to the ADB by Peshawar Development Authority (PDA). Under the 2015 Paris Climate Change Conference, Pakistan is a signatory along with other countries to reduce carbon emissions to combat the threat posed by climate change. The [Read More…]

Mar 312017
 
CNG shortage

I want to draw the attention of the concerned authorities towards the issue of the shortage of CNG. We already have a shortage of electricity and water. Now the deficiency of gas is increasing the troubles of the public. The CNG stations remain closed during the days of shortage and majority of the transporters do not bring their vehicles on the roads. As a result, people have to wait for longer periods of time for their buses. When the buses arrive, they are fully packed with passengers. Moreover, the transport authorities double the fares due to the unavailability of CNG. Vehicles of public transport, other than buses, charge really high fares for shorter distances. Moreover, when CNG supply is resumed, people have to line up for long hours to get their vehicles filled with gas. This creates a lot of problems because people cannot reach their destinations on time. The concerned authorities are requested to look into the matter without future delay and take immediate steps to solve the problem. Syed Adnan Karachi ***** Lower and middle class people are the ones suffering the most in this country. The speed at which the CNG fares have risen is far greater than the speed at which the pay scale of employees has increased. This has resulted in inequality and unfair distribution of wealth, making it harder for people to survive today. The prices have risen due to the shortage of CNG. The question then is why can Pakistan not move towards [Read More…]

Jan 142017
 
Gas shortage

Earlier in the year 2016, Pakistan signed a LNG supply agreement with Qatar. The Ministry of Petroleum then claimed that the problem of gas shortage will be solved soon. Almost a year has been passed since the deal, but nothing has changed. In Punjab, winters and gas shortage arrived simultaneously. The people are facing a lot of difficulties in carrying out their daily routine. Cooking daily meals has become a nuisance in households. In the cold weather, gas heaters cannot be turned on owing to gas shortage. Apart from making claims of putting an end to gas shortage, the government promised to deal with the country’s energy crisis as well. One wonders how it will be able to fulfil its promise when it is continuously failing to do something about gas shortage. It is unfortunate that these problems are still deeply rooted in the country. For dealing with gas shortage, a few CNG stations were closed down but that too couldn’t leave any positive impact. Zaheer Ahmed Islamabad Click for detailed story

Jan 142017
 
A sigh of relief

Complaints of gas shortage from Westridge, Rawalpindi reduced significantly after the government regulated the supply of gas to a few CNG stations. There are three CNG stations in our vicinity and when they operate the gas pressure drops so low that it takes hours to boil a cup of water. The government is requested to keep such restrictions in place at least till winter.  Col (r) Riaz Jafri Rawalpindi Click for detailed story

Jan 102017
 
IGI Securities Limited – Investor Kit

Karachi, January 11, 2017 (PPI-OT): Oil and Gas The Sindh government has alleged the Economic Coordination Committee (ECC) of the cabinet of transgressing its limit by approving CNG deregulation and has asked the federal government to place the issue in front on Council of Common Interest (CCI) for consideration. http://nation.com.pk/business/11-Jan-2017/after-kp-sindh-denounced-ecc-decision-of-cngderegulation Click for detailed story

Dec 202016
 
Costly contract

The present government has signed a binding contract with Qatar to buy 1.3 million tonne of LNG every year for the next 20 years keeping the Brent Oil Price as a benchmark. At the current extreme low rates of oil, the current price of RLNG is higher compared to local gas supply. The only industries that can use RLNG at current rate are power, CNG and fertilizer industries only. And in the future when oil rates will increase, the RLNG rate will be very high and no local company would want to buy it. So the government would either have to pay a very high penalty or force domestic users to buy the expensive RLNG. This means that for the next 20 years Pakistanis will have to suffer high electricity and gas prices. Signing a long-term agreement on varying prices is not a good strategy since long-term agreements are only beneficial when they are signed on fixed prices. Anyone can buy RLNG on varying price through ‘spot’ purchases, which means one off purchase at a current market price plus discount.  Studies have proven that Pakistan has the world’s 9th largest natural gas reserves that can potentially power the entire country for straight 250 years. When Pakistan has the potential to become a LNG exporter, why should it become a RLNG importer? The government is requested to save us from future crippling high energy prices by ending long-term RLNG buy contracts with varying prices. The government should sign contracts for the [Read More…]

Dec 192016
 
Gas shortage

A large number of Islamabad’s residents have been affected by hours-long gas outages. One wonders how an extreme situation like this has failed to get the attention of the concerned authorities. If this can go on in Islamabad – which is the country’s federal capital – what would be expected in other parts of the country. Cooking on little or no gas pressure has now become a test of nerves. Daily routines of the residents have been badly affected. No one knows for how long this situation will go on. The residents are suffering in silence because apparently this situation has been unable to move the authorities. If the CNG supply of a few gas stations is halted, it would help a lot to end the miseries of the people. The concerned authorities are requested to mend the grave situation before the people get to the streets in a violent way.  M Younas Qamar Islamabad Click for detailed story

Mar 152016
 

ISLAMABAD: The prices of compressed natural gas (CNG) on Tuesday dipped to Rs41.90 per kilogramme, the lowest in the last eight years, said All Pakistan CNG Association (APCNGA) Chairman Ghiyas Abdullah Paracha on Tuesday.  In a statement, he said CNG would be available at the same rate from Wednesday onwards in Punjab, which was running on re-gasified liquefied natural gas (RLNG). An agreement between Sui Northern Gas Pipelines Limited (SNGPL) and APCNGA has been inked to reduce the price by 5.30 per kilogramme. He said prices had been decreased on the directives of Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi. Approximately 3.7 million vehicles, equipped with CNG conversion kits, rely on gas across the country. Published in The Express Tribune, March 16th, 2016. Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation. The post Cheap fuel: CNG prices dip to 8-year low appeared first on The Express Tribune. Click for detailed story

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