A recent study conducted by researchers from Korea Maritime and Ocean University shows that using liquefied petroleum gas (LPG) could reduce air pollution, is low-cost, and is applicable regardless of ship size. “Although LPG is a potential eco-friendly alternative, its viability as a maritime fuel has not been assessed so far,” noted Korea Maritime and Ocean University in a joint…
Read More
The approval of the Indicative Generation Capacity Expansion Plan (IGCEP) 2021-30 marked a major milestone for the development and planning of power sector. The approval itself was shrouded in controversy, with the Sindh representative opting to withhold his approval and subsequently Sindh government openly challenging this approval process. Nevertheless, it highlighted a key opportunity for growth in the energy sector:…
Read More
Crude oil’s latest bull run, which saw Brent climb to its highest level since 2014 on Tuesday, has put geopolitics front and center of market concerns. Having spent the last year fretting over supply, markets and investors appear suddenly more spooked by the what ifs of global politics and its impact on still tight supplies. This week’s drone attack by…
Read More
In addition, Owji planned to discuss options for shipping Iranian natural gas to Pakistan and India with the participation of Russian companies, and manufacturing of oil industry equipment, the broadcaster added. “The two sides also discussed preparation and the agenda for the next meeting of the Russian-Iranian government commission on trade and economic cooperation,” the Russian energy ministry said its…
Read More
The federal government on Tuesday imposed 2.5 per cent of the sales tax on petrol. According to the issued notification, the sales tax of 5.44 per cent has been imposed on diesel. The sales tax rate on kerosene has been increased to 8.3 per cent and on light diesel to 2.7 per cent. Under the sales tax notification, the price…
Read More
Federal Minister of Energy Mr. Hammad Azhar received World Bank’s Country Director for Pakistan Mr. Najy Benhassine at his office in Islamabad today. The meeting also reviewed progress about the World Bank funded ongoing projects in the energy sector. Mr. Najy Benhassine appreciated the energy sector reforms undertaken by the Government. Appreciating World Bank’s support in economic development of Pakistan,…
Read More
To celebrate the achievements of NEPRAs licensees in the area of Corporate Social Responsibility (CSR), NEPRA organized the first ever CSR Award Ceremony at NEPRA Headquarters today. The ceremony was chaired by Chairman NEPRA, Mr. Tauseef H. Farooqi and was attended by large number of NEPRA Professionals and licensees, including, K-Electric, Pakistan Atomic Energy Commission (PAEC), Water and Power Development…
Read More
The Indonesian coal industry is well refined and it can provide coal to Pakistan for power projects being developed under the China-Pakistan Economic Corridor (CPEC), said Indonesian Ambassador to Pakistan Adam M Tugio. In a meeting with prominent businessmen in Lahore on Tuesday, the ambassador said that his country could also provide coal to the domestic large-scale manufacturing sector. The…
Read More
The Cabinet Committee on Economic Affairs approved the draft of “Export Policy 2021-2024” on Wednesday (12 January), setting the $80 billion export target for FY2024. Export target for the fiscal year 2021 was $60 billion. “All exporters will get uniformed facilities. Besides we will provide policy supports regarding challenges over 4IR,” Finance Minister AHM Mustafa Kamal said in the virtual…
Read More
