Govt mulling to allow import of used cars
KARACHI: The government is planning to allow the import of used vehicles for which a summary is being prepared to be presented to Economic Coordination Committee, Federal Minister for Industries and Production Mir Hazar Khan Bijarani told Geo News.
According to the summary, used cars up to five years old would be allowed to be imported.
The minister was of the view that the local manufactures should not have any objection on the decision because they link domestically manufactured cars with open market.
Power generation through Thar coal by next year
ISLAMABAD: The country would start generating electricity through Thar coal gasification by next year, official sources said.
“A project has almost been finalized to produce electricity by utilizing Thar coal reserves, which are one of the five largest coal reserves in the world,” they said.
The Thar coal reservoirs have the potential to generate 5,000MW electricity for at least 800 years to meet the growing energy demand of the country, the sources added.
They said inexpensive production of electricity would bring an industrial revolution in the country, putting it on consistent path to progress and prosperity.
The sources said that the project has been approved by the concerned quarters after which a technical team comprising experts of Pakistan Atomic Energy Commission and National Engineering and Scientific Commission is all set to achieve the national goal of making the country self-sufficient in energy sector.
They said during next eight to ten months the process of making gas from coal would be started, while the electricity generation through coal gasification would hopefully start by the next year.
Under the project, they said, the coal would not be mined rather plants would be installed on the deposits to produce gas in a most sophisticated manner.
According to a report, a single reserve in Thar has about 850 trillion cubic feet coal (TCF), which is far better than the total oil reserves of Saudi Arabia and Iran if put together.
“The coal deposits in Thar can change the fate of the country if utilized in a proper way. It can save oil import bill, reduce unemployment ratio and help strengthen economy and rupee,” according to Pakistan Economy Watch.
The sources in Pakistan Mineral Development Corporation (PMDC) said that PMDC could make the country self-sufficient in power sector within two to three years besides it has a potential to generate $ one billion every month.
“We guarantee, if proper attention is given to coal and salt sectors, $ one billion can be generated every month,” they said.
They said billions of rupees are being spent on import of furnace oil used in power generating units, adding “this foreign exchange could be saved by upgrading quality of coal.”
They regretted that in spite of having such a huge reserve, the country is importing 145,000 tones coal every year to run its power generating units.
They said negotiations with Kahuta Research Laboratory (KRL) were underway to upgrade quality of the existing coal and its proper utilization for power generation.
“KRL has ensured their full cooperation in the up gradation process of coal, which will help provide cheaper energy to cement factories, steel mills and power generating units,” they added.
Zardari Should Quit Political Post: Shahbaz Sharif
Pakistan News: Chief Minister (CM) Punjab Shahbaz Sharif has advised President Zardari to give-up his political post. CM said that President should be the symbol should of Federation but President Zardari has also held political post. President should quit his political post for national unity.
Speaking to media in London CM said that the both his and Nawaz Sharif foreign trip was planned two months ago. CM further said that President Zardari came to Lahore in a hurry, CM said he appointed a minister to welcome the President, CM said it is not important to comment on any statement by PPP. CM further said that if President issues a political statement then he would get a reply for his statements, President should avoid giving statements that would widen gap between PPP and PML-N. Speaking on the Glasgow city council CM said he wants to change the situation of Punjab which would in-turn change the fate of Pakistan. CM held dialogues for cooperation with Glasgow City Council regarding traffic management, police and passenger transport.
Zardari Should Quit Political Post: Shahbaz Sharif was first posted on January 17, 2010 at 10:24 pm.
