Energy sector experts have stressed the need for according equal importance to the country’s non-traditional security challenges such as energy and environmental crisis to ensure national security. Speaking at a webinar titled “Nontraditional security challenges – energy and environment crisis” on Friday, they were of the view that by tackling energy and environmental challenges, Pakistan could boost its overall national security paradigm. Sustainable Development Policy Institute (SDPI) Board of Governors Chairperson Shafqat Kakakhel said that the nexus among climate change, energy and security was well established. According to him, the…
Read MoreMonth: March 2021
Industrialists reject power tariff hike, cut in gas supply
Industrialists have expressed concern over the hike in energy tariff and discontinuation of gas supply to the factories generating their own electricity. In a statement on Friday, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Nasser Hyatt Maggo and other office-bearers said that the government was making efforts to appease the International Monetary Fund (IMF) at the cost of industries. “We reject the government’s action of raising power tariff and periodically increasing prices of petroleum products as they will have grave implications for the cost of production in…
Read MoreAGP to start forensic audit of OMCs
The Petroleum Division has asked the Auditor General of Pakistan (AGP) to initiate a forensic audit of top 10 oil marketing companies (OMCs), which were allegedly involved in petrol crisis in June last year. The Petroleum Division has sent a questionnaire to the AGP, asking it to focus on it while conducting the audit of OMCs. The forensic audit will target top 10 OMCs in terms of market share as they account for nearly 95% of motor gasoline (petrol) sales in the country. In a letter sent to the AGP,…
Read MoreU.K. Builds Site to Recycle Plastic With High Pressure Steam
The first commercial scale plant to recycle all types of plastic using high pressure steam in the U.K. began construction. The plant in the northeast of England will cost 30 million pounds ($41 million) to build and ultimately process 80,000 metric tons a year of plastic waste after its starts operating by the end of 2022, according to a statement from Mura Technology. Globally, around 350 million tons of plastic is produced every year, estimated to rise to 600 million tons over the next 20 years, with only 14% of…
Read MoreChina, With $400 Billion Iran Deal, Could Deepen Influence in Mideast
China agreed to invest $400 billion in Iran over 25 years in exchange for a steady supply of oil to fuel its growing economy under a sweeping economic and security agreement signed on Saturday. The deal could deepen China’s influence in the Middle East and undercut American efforts to keep Iran isolated. But it was not immediately clear how much of the agreement can be implemented while the U.S. dispute with Iran over its nuclear program remains unresolved. President Biden has offered to resume negotiations with Iran over the 2015…
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