AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Pakistan Science Foundation (PSF) and Space and Upper Atmosphere Research Commission (Suparco) has signed a memorandum of understanding (MoU) to design and manufacture lightweight fibreglass CNG cylinders. In this regard, Pakistan Science Foundation will contribute Rs 1.8 million and Suparco Rs 2.2 million.
They will conduct research to manufacture lightweight and low cost fibreglass CNG cylinders. Chairman, Pakistan Science Foundation, Dr Farid A. Malik and Chairman of Suparco, Major Raza Hussain (Retd) signed the MoU.
Pakistan Science Foundation also signed another memorandum of understanding (MoU) with Dewan Farooq Motors and Pak Suzuki Motors Company Ltd to install these cylinders in Kia motors and Suzuki cars.
While addressing the ceremony, Advisor to Prime Minister on Energy, Engr. Mukhtar Ahmed said that Pakistan Science Foundation would establish a regulatory body to make "cylinders safety" as per international standards.
He said that for the last 30 years oil production is stagnant but gas production and demand has increased, so demand projection plan is required to address this issue. He said that Pakistan Science Foundation would ensure that these cylinders are as per international NGV2 specification.
Chairman, Pakistan Science Foundation, Dr Farid A. Malik said that currently Pakistan imports about 0.1 million cylinders per annum worth 15 million dollars. He added that local production would save foreign exchange.
Pakistan Science Foundation would be able to test these cylinders in automobiles till December 2005 and the product will be available in the market till June 2006.
Nasir Hassan, representative of Pak. Suzuki Motors Company Ltd said that Pakistan is third biggest consumer of CNG cylinders in the world and Pak. Suzuki is the largest manufacturer in the world.

Copyright Business Recorder, 2005

Comments

Comments are closed.