October 5, 2021 -

MMBL puts forth policy recommendations to foster financial Inclusion in Pakistan

October 5, 2021April 22, 2023 Admin

Mobilink Microfinance Bank Limited (MMBL) has put forth it’s 9 point agenda for the future of financial inclusion covering far-reaching and research-based recommendations in the areas of diversity & inclusion, microfinance, SME finance, housing finance, agriculture finance, digital lending, payments, savings, and insurance. The 9 point agenda was formally launched by President & CEO, Mobilink Microfinance Bank, Ghazanfar Azzam, in…

Second phase of CPEC: Chinese companies showing some reluctance

October 5, 2021April 22, 2023 Admin

Chinese companies are reportedly reluctant to engage in the second phase of the China-Pakistan Economic Corridor (CPEC) due to failure to meet the terms and conditions agreed with existing companies especially in power sector and has bandied charges of enticement. Background interviews with officials dealing with Chinese companies, discussions at a recent high level Joint Working Group of Pakistani and…

The Real Reason OPEC+ Refused To Boost Production Further

October 5, 2021February 28, 2023 Admin

A year ago, the oil industry was struggling to stay afloat, with OPEC producers being told they were becoming increasingly irrelevant in a world set on a renewable energy path. Fast forward to today, and analysts are talking about crude oil reaching $100 before the year ends. Now, even if OPEC and its allies wanted to help those who find…

Losses Of DISCOs Witness Increase During 2020-21

October 5, 2021April 9, 2023 Admin

The losses of four power distribution companies (DISCOs) including Hyderabad, Peshawar, Sukkur and Quetta Electric Supplies Companies have increased during 2020-21. According to State of Industry Report published by power regulator NEPRA, HESCO, PESCO, SEPCO and QESCO reported highest losses with 38.55%, 38.18%, 35.27% and 27.9% losses respectively. While the losses of Tribal Electric Supply Company (TESCO), Gujranwala Electric Supply…

Cement’s coal play

October 5, 2021April 22, 2023 Admin

FY21 was a treat for the cement industry. Booming demand (dispatches grew by 10 million tons in just one year; up 21%), substantially improved retention (average revenue per ton sold grew between 20 and 30% for most cement players situated in the north zone and 4-15% for those in the south zone), fixed costs absorption, tamed overheads and shrunk finance…

LNG sellers seek credit letters as gas price spike stretches credit limits

October 5, 2021April 22, 2023 Admin

Sellers of liquefied natural gas (LNG) are asking for credit letters from companies they deal with to guarantee they can pay as the global spike in gas prices takes them beyond their credit limits, industry sources said. Defaults have been rare in LNG, which has typically relied on big players with deep pockets, but over the last two-to-three years, around…

Nepra Notifies Rs1.65 per Unit QTA

October 5, 2021April 22, 2023 Admin

National Electric Power Regulatory Authority (Nepra) has notified Quarterly Tariff Adjustment (QTA) of Rs 1.65 per unit to be effective from October 1, 2021 for consumers using up to 700 units per month which has replaced previous QTA of Rs 1.62 per unit, posting an increase of paisa 3 per unit. According to Nepra, the Authority has determined QTA of…

Power sector

October 5, 2021April 22, 2023 Admin

Nepra (National Electric Power Regulatory Authority) has just released its State of Industry Report for 2020-21. This is a report of outstanding quality which has been produced annually since 2006. It contains in a very detailed manner all the key facts on the power sector and their analysis. Hopefully, one day reports of similar quality will be prepared by other…

Unprecedented rise in LPG prices: Govt to make JJVL LPG plant operational

October 5, 2021April 22, 2023 Admin

Amid an unprecedented rise in the price of LPG cylinder of 11.8 kg that currently stands at Rs2,436 as per Ogra’s latest notification, which may further rise during the forthcoming winter season on account of increasing demand and supply gap, the Petroleum Division has geared up its endeavours to revive the Jamshoro Joint Venture Limited LPG and NGL extraction plant.…

Dutch firms eye renewable energy projects

October 5, 2021April 22, 2023 Admin

Many companies from the Netherlands are eyeing investment in the projects of solid waste energy in Pakistan, said Ambassador of Netherlands to Pakistan Wouter Plomp. In a meeting with Federal Minister for Energy Muhammad Hammad Azhar, the envoy said that Dutch companies had expertise in effectively using domestic and agricultural waste to produce cheaper electricity. During the meeting, the federal…