Peak in twin energy crises on the cards

A twin energy crisis is going to peak in next few days with initiation of LNG terminal’s dry docking, annual closure of a key gas-well and man-made bottlenecks in supplies. The most efficiently-run LNG import terminal will be shut down temporarily today (Monday), as Floating Storage and Regasification Unit (FSRU) is going to leave for mandatory dry docking, disrupting gas…

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Tax reforms

For any developing economy tax collection represents the most critical component for growth and development. On an average, developing economies collect less than 15 percent of GDP in taxes, compared with the 40 percent collected by advanced countries. The ability to collect taxes is central to a country’s capacity to finance social services such as health and education, critical infrastructure…

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M/s Energas, Tabeer Energy: Gas cos convey availability of LNG pipeline capacity for transmission, distribution

Sui gas companies have conveyed availability of LNG pipeline capacity to be allocated for transmission and distribution to M/s Energas and M/s Tabeer Energy, sources close to Secretary Petroleum told Business Recorder. On June 7, 2021 OGRA was apprised of pipeline capacity availability for 44 MMCFD in SSGC’s transmission and distribution network available for allocation to Energas while on June…

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Case for attracting more FDI

Net inflows of foreign direct investment (FDI) into Pakistan averaged about $2.3 billion in the last four years and in the eleven months of the outgoing 2020-21, it slipped below $1.8bn. Even at the $2.3bn level, our yearly FDI inflow is less than half of our monthly merchandise import bill. Clearly, much thicker inflows of FDI are required to help…

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K-Electric & DHA inaugurate two substations elevations as part of pre-monsoon preparations.

Karachi 28, June 2021: With the monsoon season drawing closer, K-Electric (KE) and the Defence Housing Authority (DHA) jointly inaugurated two newly elevated sub-stations located within DHA’s Phase 4 & 8 locales. The inauguration ceremony for two of the substations was chaired by the DHA Administrator – Brigadier Rai Asim Mustafa. Others in attendance were DHA’s Chief Engineer – Col.…

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Textile exporters plan to shift industries to other countries

Perturbed from gas load-shedding, textile exporters have threatened to move their industries to other countries. In a statement issued on Saturday, Pakistan Apparel Forum (PAF) Chairman Jawed Bilwani said that textile exporters have formed a committee for due diligence to shift industries in the wake of gas crises and unviable business environment. During a meeting of prominent textile exporters of…

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World’s cheapest wafer’ maker plans 2 GW Indian cell and wafer fab

U.S.-based wafer manufacturer 1366 Technologies has confirmed plans for a 2 GW wafer and cell production facility in India. The unit is being planned under the Indian government’s production-linked incentive (PLI) scheme, which aims to drive deployment of every stage of the solar supply chain, from polysilicon to module manufacturing. A spokesperson for the company told pv magazine it is…

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