Pakistan’s total public debt has gone up by Rs 14.9 trillion during the current government as it increased sharply from Rs24.953 trillion by the end of FY2018 to Rs39.859 trillion till June 30, 2021. “The total public debt has gone up by Rs3.46 trillion in the last fiscal year as it went up from Rs36.399 trillion in June 2020 to…
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The world has yet to grasp the scale of the task of removing carbon emissions from the energy system, with oil demand likely to be around the 90 million b/d level by the end of this decade, or about 10% below pre-pandemic levels, TotalEnergies CEO Patrick Pouyanne said Oct. 5. Speaking at the Energy Intelligence Forum, Pouyanne, whose company was…
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The world is living through the first major energy crisis of the clean-power transition. It won’t be the last. The shortages jolting natural gas and electricity markets from the UK to China are unfolding just as demand roars back from the pandemic. But the planet has faced volatile energy markets and supply squeezes for decades. What’s different now is that…
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Tahir Basharat Cheema, former managing director of the Pakistan Electric Power Company (Pepco), has joined the All Pakistan Textile Mills Association (Aptma) as energy adviser. Cheema is a qualified engineer and also possesses a Master’s degree in Business Administration. He has worked on various positions in the Water and Power Development Authority (Wapda), besides managing the affairs of Pepco, energy…
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The government on Tuesday approved the seasonal concessional electricity package for domestic and commercial consumers for the off-peak November-February period, granting a concession of up to Rs7/unit. This concession will be available to these power consumers on the additional units of power consumed in given month over same month of the last year, according to an official handout. Minister for…
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Organised by the Dubai Electricity and Water Authority (Dewa), the event is being held under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and under the patronage of Sheikh Ahmed bin Saeed Al Maktoum, chairman of the Dubai Supreme Council of Energy and chairman of the…
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The Supreme Court noted that no substantial investment has been made for the improvement of transmission lines and alternative power generation plants. A three-judge bench, headed by Justice Umar Ata Bandial, on Tuesday, heard a review petition of the All Pakistan Textile Mills Association (APTMA). Justice Bandial said there was a need to support the economic activities and that export-oriented…
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Asia gas prices may be high, but over the years they are poised to go even higher due to two key developments that threaten to change Japan’s role and influence in global liquefied natural gas (LNG) markets, according to the latest analysis from Japan NRG. For decades Japan was the dominant buyer in the LNG market. In the first six…
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SINGAPORE, Oct 6 (Reuters) – Asia liquefied natural gas (LNG) spot prices surged by 40% to a record high of over $56 per million British thermal units (mmBtu) on Wednesday, amid a global energy crunch, low gas inventories and mounting supply concerns. Price agency S&P Global Platts’ Japan-Korea-Marker (JKM), which is widely used as a spot benchmark in the region,…
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Byco and Axens are pleased to announce that Axens has been selected to support Byco’s Refinery upgrading Project Phases I, II, III with providing advanced technical solutions in order to achieve Euro V gasoline and diesel specifications in Pakistan. The solution consists of a unique integration of three existing units into a Cracked Naphtha Desulfurization unit using best in the…
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