September 2021
Day: October 1, 2021
Exclusive survey: China’s financing and CPEC in Pakistan
The secrecy surrounding CPEC has finally been broken by a team of researchers in the US who have laid bare a massive dataset of over 13,000 projects across 165 countries worth a staggering $843 billion. For ten years the team tracked China’s overseas deals in the Belt and Road Initiative. Pakistanis can now, thus, get a sense of the full scale of Chinese investment in their country. Senior research scientist Dr Ammar A Malik and Sheng Zhang are part of the team of researchers at AidData at the college of…
Read MorePower Tariff Hike by Rs1.95/Unit on the Cards
Power consumers should get ready to bear power price hike by approximately Rs 1.95 per unit and National Electric Power Regulatory Authority (NEPRA) is likely to announce a final decision in this regard very soon. On Thursday, NEPRA conducted a public hearing regarding fuel charges adjustments (FCA) for the month of August 2021 for power distribution companies (DISCOs). However, the authority (NEPRA) has reserved its judgment in this regard. Sources in the power sector said that NEPRA is likely to jack up power tariff by Rs 1.95 under the head…
Read MorePM Inaugurates Mega Power Line
Prime Minister Imran Khan Thursday expressed optimism that state-of-the-art Matiari to Lahore transmission line with four percent line losses was the need of the country to lessen the burden of expensive electricity on the consumers, who have been paying the cost of high line losses of the power sector. Speaking after inaugurating Matiari to Lahore 600kV transmission line here Thursday, the premier also touched the issue of inflation and expressed the hope that soon prices would come down in the domestic market because there are prospects of swift recovery from…
Read MoreAsian LNG spot price reaches record high of $34.47/mmbtu – Platts data
Asian liquefied natural gas (LNG) spot price rose to a record high on Thursday on the back of robust demand for the super-chilled fuel and low supply. A combination of low stocks and strong demand for gas have pushed up prices in Europe, while a colder than expected winter in North Asia is fuelling the price surge. Price agency S&P Global Platts said on Thursday that its Japan-Korea-Marker (JKM), which is widely used as a benchmark for spot LNG contracts, rose to $34.47 per million British thermal units (mmBtu). It…
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