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Govt won’t seek loan for Ravi Riverfront project SAPM says there is no involvement of loan in the entire project. APP July 02, 2021 ISLAMABAD: Special Assistant to the Prime Minister (SAPM) for Political Communication Dr Shahbaz Gill made it clear on Thursday that there was no plan of taking any loan for carrying out the landmark Ravi Riverfront Urban Development Project in Lahore. “You have heard of many projects in the past like Orange Line, Metro, Balloki, Bhikki and others, but all of them involved loans. In this entire project, there is no involvement of loan,” said the SAPM in a news conference. ....
July 1, 2021 ISLAMABAD: Energy Minister said the PMLN government had made a contact for purchasing LNG for 13.7% above the Brent rate, but the PTI government purchased it only for 10.4%. In the Brent stays constant, Pakistan would save Rs510 billion in next 10 years. He said only 0.003% diesel was used this month (June), and furnace oil utilisation had been slashed by one-fourth compared with the previous government. The minister said if he divulged all details given in the documents of the previous government’s misappropriation of national funds, he feared NAB would lodge another case against Miftah Ismael and Shahid Khaqan Abbasi. Hammad Azhar said the PTI government had to resign the IGA [inter-governmental agreement] with Russia as the one signed by the PMLN government was totally ambiguous. He said the North-South Pipeline agreement, which was signed by the PMLN government in 2015 had also to be resigned, as the previous government failed to initiate work on it ....
June 30, 2021 ISLAMABAD: A one-on-one hard talk was held between Federal Minister for Energy Hammad Azhar of the PTI, and former finance minister Miftah Ismael of the PMLN in Geo News talk show ‘Aaj Shahzeb Khanzada Ke Saath’ on the issue of current gas crisis in the country. Both the political leaders held governments of each other responsible for the unprecedented gas shortage in even summer season. Miftah Ismael alleged that the industries in the country had never faced gas crisis in June earlier, and the fuel was not available in the country currently even if there was no dry-docking. He alleged that the government mismanaged the issue and the gas crisis could have been averted had the government acted wisely. ....
June 30, 2021 ISLAMABAD: A one-on-one hard talk was held between Federal Minister for Energy Hammad Azhar of the PTI, and former finance minister Miftah Ismael of the PMLN in Geo News talk show ‘Aaj Shahzeb Khanzada Ke Saath’ on the issue of current gas crisis in the country. Both the political leaders held governments of each other responsible for the unprecedented gas shortage in even summer season. Miftah Ismael alleged that the industries in the country had never faced gas crisis in June earlier, and the fuel was not available in the country currently even if there was no dry-docking. He alleged that the government mismanaged the issue and the gas crisis could have been averted had the government acted wisely. ....
LAHORE: A massive twin energy crisis has started unfolding with potentially bringing the country to a virtual standstill, as gas paucity resurfaced right in the middle of summer, following massive. ....