Day: January 6, 2020

Economic Security is Pakistan’s top national security challenge, speakers Amidst growing tension and evolving security situation in the Middle East, after the assassination of top Iranian commander Qasim Soleimani in a U.S. airstrike, Pakistan must be mindful of its economic security which is country’s top national interest and be very careful while taking any sides or staying neutral in the current conflict between Iran and the The United States. Experts said this during a Special Talk titled “Changing Regional Security and Implications on US- Pakistan Relations”, organised by the Sustainable…

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ISLAMABAD: In a new development, the federal government has approved merger of two state-run LNG companies — Pakistan LNG Terminal Limited (PLTL) and Pakistan LNG Limited (PLL). Both the companies dealing with LNG will be merged into single entity as autonomous body. According to a senior official, the new entity after the merger of the two companies will later be merged into Pakistan State Oil (PSO), as the government has not strong economic muscle to provide finances and run the newly amalgamated entity. Last year, Pakistan LNG Limited asked the…

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ISLAMABAD: The domestic sector has become one of the biggest clients of RLNG in the country and in this winter season, the costly RLNG of 1.362 billion cubic feet is once again being injected to…ShareNext Story >>> ISLAMABAD: The domestic sector has become one of the biggest clients of RLNG in the country and in this winter season, the costly RLNG of 1.362 billion cubic feet is once again being injected to avoid loadshedding in four months of winter season, but and the diversion of gas to domestic consumers has…

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The power sector’s receivables have soared by over 27 percent during the last 17 months to Rs 827.377 billion in November 2019 from Rs 647.030 billion in June 2018. These figures were shared by the Power Division with Senate Standing Committee on Power headed by Senator Fida Muhammad which met on Friday to discuss different issues related to the poorly performing power sector. According to the statistics, the stock of government receivables has also posted a growth of over 36 percent to Rs 200.864 billion from 146.837 billion. These receivables…

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South Africa’s electricity utility Eskom at the weekend resumed power outages, citing a “vulnerable” generating system, just weeks after implementing the severest rationing in recent times. The debt-laden company which generates around 95 percent of the country’s electricity, on Sunday said the cuts would last until Monday morning when factories and mines reopen after the year-end break. It had initially announced a 10-hour rationing that kicked in late Saturday to fix a broken conveyor belt at one of the major coal-fired plants, but on Sunday it extended the outages by…

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