September 2021
Read MoreSeptember 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…
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…
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,…
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…
Read MoreEven the Dirtiest Coal Is Surging Due to China’s Power Crunch
China is paying the most on record for the dirtiest type of coal, showing how the power crisis is turbo-charging Asian energy markets. The price of a variety of lignite coal from Indonesia surged to $110 to $120 a ton this week due to rising demand from China and falling production from mines in Kalimantan, said traders who buy and…
Read MoreMD OGDCL resigns after 21 months
Shahid Salim, who was appointed on January 1, 2020 as Managing Director of Oil and Gas Development Company (OGDCL) for three-year tenure, resigned here on Tuesday after just 21 months, raising eyebrows of many. “The Board of Directors of OGDCL that is to meet within days will accord formal approval to the resignation tendered by Shahid Salim,” top official sources…
Read MoreOGDC makes gas, condensate discovery in K-P
Oil and Gas Development Company (OGDC) has made a gas and condensate discovery in its exploratory efforts at Wali well 01 located in FR Lakki, Khyber-Pakhtunkhwa. “Wali 01 well was drilled on December 2, 2019 as an exploratory well and it was drilled down to the total depth of 4,727 metres into Kawagarh Formation,” the company said in a statement…
Read MoreKarachiites to pay Rs943m more for power used in August
The National Electric Power Regulatory Authority (Nepra) on Wednesday firmed up about 97 paisa per unit additional monthly fuel cost to be recovered from consumers of K-Electric next month. However, it put on hold the final judgment for a couple of days to cross-examine some additional information they sought from the K-Electric. The additional fuel cost adjustment (FCA) is on…
Read MoreEngro partnership at Dubai Expo
Engro Corporation, Pakistan’s premier conglomerate, has announced partnership with the Pakistan Pavilion at Dubai Expo 2020 to unearth hidden opportunities in investment and tourism presented by the country. Developed on the theme of “The Hidden Treasure”, this is the largest-ever pavilion of Pakistan set up outside the country. The pavilion will showcase the country’s vast potential in tourism, business, culture,…
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