ISLAMABAD: The circular debt is set to alarmingly increase up to Rs4,936 billion by financial year 2025 with an increase of 2.04 times from the current level of Rs2,400 billion, highlights the report on Pakistan’s Power Sector Circular Debt Causes, Consequences, and Remedies prepared by Pakistan’s leading economist Sakib Sherani of Macro Economic Insights (MEI). Sherani served as Member, Prime…
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KARACHI: Karachi’s Red Line BRT project will be using bio-methane made from cow dung to fuel more than 200 buses. The biomass fuel project is supported by the Asian Development Bank (ADB) and can be harnessed to power vehicles on the roads of Pakistan’s biggest city. The Express Tribune’s Fatima Sheikh sits down with Masood Alam Farooqui, an expert on…
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THE “landscape” of the South Caucasus has now been drastically changed with the “miraculous” victory of Azerbaijan over Armenia. The “largest” economy of the South Caucasus in terms of GDP has been further advanced in terms of “diversification” of energy resources (production, supply, route) and socio-economic development. It has successfully changed the “energy map:” of Eurasia. The Republic of Azerbaijan…
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The federal government drops electricity bombshell on the people as the power tariff goes up by Rs1.95 per unit in a bid to implement uniform tariff across the country. The announcement comes as the National Electric Power Regulatory Authority (Nepra) allowed Rs1.95 per unit increase electricity rates on Friday. In line with the uniform tariff policy, the federal government also…
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A hacking group with ties to the Indian military adopted a pair of mobile surveillance tools to spy on geopolitical targets in Pakistan and Kashmir amid persistent regional tensions between the nuclear-armed neighbors, according to a report from cybersecurity company, Lookout Inc. The group is known for commandeering legitimate web services in South Asia and embedding surveillance tools or malware…
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The sudden disruption to our lives caused by coronavirus forewarns of the havoc which can be unleashed by impending climate related disasters. The varied impacts of climate change are already being experienced, and are expected to get worse, if the world does not get its act together. In fact, some underlying causes of climate change such as deforestation and factory…
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There were times when our energy sector was rated in the region as one of the best performing and forward looking sectors. It was a great blend of well-performing entities of private and public sectors. Public sector entities such as Southern Gas Company (SSGC), Sui Northern Gas Pipeline Company (SNGPL), Pakistan Petroleum Limited (PPL), Oil and Gas Development Company Limited…
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Moscow, (APP – UrduPoint / Pakistan Point News – 12th Feb, 2021 ):Russia’s largest oil producer Rosneft on Friday announced a nearly 80 percent drop in net profit in 2020, following a record plunge in crude oil demand caused by the coronavirus pandemic. The state-controlled producer declared a net profit of 147 billion rubles ($2.0 billion) in 2020, down 79…
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KARACHI: Sindh Chief Minister Syed Murad Ali Shah said on Friday that given the vast resources of the province, Pakistan hasthe potential to become an exporter of electricity. He expressed this belief while addressing a reception hosted for the heads of foreign delegations visiting Karachi to partake in the seventh edition of Aman-2021 exercise, in which 45 countries are participating.…
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ISLAMABAD: The circular debt is set to alarmingly increase up to Rs4,936 billion by financial year 2025 with an increase of 2.04 times from the current level of Rs2,400 billion, highlights the report on Pakistan’s Power Sector Circular Debt Causes, Consequences, and Remedies prepared by Pakistan’s leading economist Sakib Sherani of Macro Economic Insights (MEI). Sherani served as Member, Prime…
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