Year: 2021

Building an alternative to IMF

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Pakistan’s sovereignty ultimately depends on achieving financial freedom and self-reliance. We should not let near-term economic challenges cloud our long-term thinking and direction towards this goal. One key step towards achieving this goal is the creation of the Pakistan Sovereign Wealth Fund (PSWF). A sovereign wealth fund will provide Pakistan with a mechanism to preserve and grow the nation’s wealth. Furthermore, it will arm the government with the financial cushion to stabilise the foreign exchange rate and close funding gaps during times of volatility and economic stress. PSWF allows Pakistan…

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Exporting electricity to Afghanistan

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The slow growth rate of electricity demand in the country, together with the rapid commissioning of new base-load power plants implies that the capacity payment obligations, which stood at Rs642 billion in 2018-19 will rise to Rs1.455 trillion by 2022-23. As a result, the average consumer tariff has been increasing and is to further increase as per the recently concluded agreement with the International Monetary Fund and multilateral development partners (MDPs). The Pakistani public is already strongly voicing its dislike of the rapid rate increases and one wonders how long…

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Guest column: Moving towards green energy has its drawbacks

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A GM employee poses with an example of the company’s next-generation lithium metal batteries at GM Chemical and Materials Systems Lab in Warren, Michigan, U.S. September 9, 2020. PHOTO BY STEVE FECHT/GM /Windsor Star Article content On March 11, Canada’s Natural Resources Minister Seamus O’Regan released a list of 31 so-called critical minerals “essential to the economic and energy security” of Canada. Being included on the list of 31 was based upon each mineral (or group of minerals as rare earth elements account for one listing) meeting at least one of three…

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Can U.S. LNG Compete In An Increasingly Crowded Market?

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The global LNG market has witnessed a remarkable period of growth and expansion where the proliferation of liquefaction technology and the rise of renewables has had a positive effect on the sector. The Covid-19 pandemic, however, shook the global economy, disrupted economic activities, and hit the LNG industry hard. With vaccination programs advancing in most industrialized countries, economies are carefully reopening and demand for commodities such as natural gas is on the rise again. Ever since fracking technology was applied on a massive scale in the U.S., oil and natural gas…

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Dubai Supreme Council Of Energy Issues Directive On The Regulation Of LPG Trading

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DUBAI, (UrduPoint / Pakistan Point News / WAM – 15th May, 2021) H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Supreme Council of Energy (DSCE), has issued Directive No. 3 of 2021 on the regulation of Liquefied Petroleum Gas (LPG) trading, in order to protect the environment and society, by implementing the highest standards of safety and security. This includes the transportation, storage, and distribution of LPG, whether through cylinders or transport tanks. The Directive stipulates that it is prohibited to distribute LPG cylinders in Dubai unless they…

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