Moody’s said that the BCA of b3 reflects WAPDA’s dominant position in supplying hydropower and developing water resource infrastructure in the nation, and the recurring financial support from the Pakistani government, which is closely linked to the government’s fiscal budget. Moody’s Investment Service (Moody’s) has assigned a B3 corporate family rating to Pakistan’s Water and Power Development Authority (WAPDA). Moody’s…
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The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out the market. Qatar is dropping prices and pushing ahead with a $29 billion project to boost its exports of the fuel by more than 50%, stymieing the prospects of new plants elsewhere. It’s also established a trading…
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The Biden Administration’s ambitious plans to scale up renewable energy in the U.S. will have a wider impact on the energy landscape in the middle East, especially in the Arabian Gulf, according to the top official of a global body, experts and major industry players in the region. Talking to Emirates news Agency (WAM) about Biden’s plan to make the…
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Ministry of Energy (Power Division) has appointed Engr. Muhammad Ayub as Managing Director National Transmission and Despatch Company (NTDC) as stopgap arrangement. The board of Director NTDC has recently promoted him as Deputy Managing Director Planning and Engineering (P&E), said a press release. The spokesman of NTDC has said that Engr. Muhammad Ayub did his Master of Engineering (Power System)…
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The briefing highlighted that increased use of CNG in the transport sector, including long route vehicles and buses, would lead to reduction of fuel cost and subsequently transport fares could drop by about 33 per cent, benefiting the commuters. “The import of LNG by private sector will eventually benefit the whole chain in the CNG sector from the sellers to…
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ISLAMABAD: Federal Minister for Energy, Hammad Azhar said on Thursday that Pakistan was moving towards electrification of mass transit as a consequence of EV policy approved by the federal government last year in December, ARY News reported. Taking to Twitter, the federal minister Hammad Azhar said that BYD, the largest global electric bus manufacturer along with a Pakistani company will…
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In order to move in the correct direction, it is essential to formulate robust policies to tackle complicated issues. The economists formulate economic policy to deal with the financial crisis, seasoned diplomats make foreign policy to make cordial relations with other states, and specialized people in security and policing devise counter-terrorism policy to counter-terror elements. To deal with current and…
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Leading Chinese conglomerate Zonergy said it will use Pakistan as an overseas base to develop as an integrated service provider of green energy in countries and regions involved in the Belt and Road Initiative. In Pakistan, it has supplied power through an outstanding photovoltaic project, as well as created jobs and brought convenience to people’s lives over the past five…
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Ups and downs are considered a routine matter in bilateral diplomatic ties among the world nations, but it does not apply to Pakistan and China as their multi-dimensional relations always witnessed a unique strength with each passing day for the last 70 years in all weathers. The two countries are enjoying unprecedented and deep-rooted friendship and cooperation in almost all…
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Nuclear technology can play a vital role in securing sustainable supplies of clean energy in Pakistan, said Sindh Minister for Mines and Mineral Development and Public Health Engineering Mir Shabbir Ali Bijarani. He stated these remarks in a webinar on “Sustainable Development through Nuclear and Space Technologies in Pakistan” organised by Center for International Strategic Studies (CISS) here on Thursday.…
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