NEW YORK: Oil touched $90 a barrel for the first time in seven years on Wednesday, supported by tight supply and rising political tensions in Europe and the Middle East that raised concerns about further disruption in an already-tight market, Reuters reported. Brent crude rose $1.67, or 1.9 percent, to $89.87, after hitting $90.02, the first time the global benchmark…
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The Head Office of the National Transmission and Despatch Company (NTDC) will be shifted to Islamabad from Lahore in phases. According to a decision taken by the public sector power transmission utility, the Liaison Office of Managing Director, NTDC, will be shifted to Islamabad by April 30, 2022. In the second phase, the offices of Deputy Managing Director, Asset Development…
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Ministry of Industries and Production (MoI&P) is to seek supplementary grant of Rs 5 billion to ensure supply of RLNG to two urea fertilizer plants on SNGPL system till March 2022. This decision was taken at a recent meeting of the ECC, which was ratified by the Federal Cabinet on January 25, 2022. Sharing the details, sources said, a Fertilizer…
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Pakistan Ministry of Finance showed that the federal government’s burden was Rs 11.8 trillion higher than legally allowed limit set by parliament and that some targets fixed under the debt management strategy were also breached. The cost of interest payments also reduced from USD 2 billion to USD 1.5 billion due to debt suspension initiative by the G20 countries. The…
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According to PVInfolink, the top 10 solar manufacturers accounted for over 160GW of shipments or a global market share of 90% in 2021.JANUARY 25, 2022 According to Taiwanese market research company PVInfolink, Chinese PV module manufacturer Longi was the world’s largest panel provider in 2021. The company was followed by Trina Solar, JA Solar, and JinkoSolar, with the latter losing…
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