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CNG stations to stay shut in Sindh Thursday-Saturday

Source: Geo News | 08-01-2014

The filling stations of Compressed Natural Gas (CNG) across Sindh will observe a 48-hour closure starting Thursday morning, Geo News reported.

The Sui Southern Gas Company (SSGC) has revised its CNG off day schedule, according to which supply to the pumps will remain unplugged from 8AM Thursday till 8AM Saturday. Under the previous schedule the CNG stations were supposed to observe one day closure at a time.

Meanwhile, today the domestic consumers complained of low gas pressure in some parts of the metropolis. The gas pressure remained considerably low in Lyari, Keamari and the old city areas besides the residential areas of North Nazimabad. Consequently, people faced difficulties in cooking at homes.

According to SSGC, the re-opening of CNG stations today shot up the demand-supply gap leading to the low pressures at homes.

Iran still spending to defend its key Opec role: Minister

Source: The Nation | 07-01-2013

Iran has spent almost $25 billion on upstream oil and gas projects since last March but needs to keep investing to keep its influence in OPEC, Iran’s oil minister said on Sunday. Iranian oil production fell sharply last year, as Western nations tightened sanctions to starve Tehran of funds for its disputed nuclear programme, allowing Iraq ..... Read more

Tokyo stocks open down 1.02 percent

Source: Geo News | 05-08-2013

TOKYO: Tokyo stocks opened 1.02 percent lower on Monday after the dollar fell against the yen on a weaker-than-expected reading on US jobs growth last week. The benchmark Nikkei 225 index was down 147.95 points to 14,318.21 at the start. The dollar fell against the yen and other currencies on Friday as the US jobs report for July, released after Tok..... Read more

Govt to introduce amends in Power Policy 2002

Source: The Nation | 18-12-2012

Owing to continued electricity crisis coupled with hike in power rates with each passing day, the government has decided to introduce amendments in the Power Policy 2002, which, however, will be implemented after the approval of Council of Common Interests (CCI) in the country. In an apparent bid to control billion rupees worth subsidy in the power ..... Read more

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