Month: March 2022

The Committee was informed that 26-day stock was available and stock for the next month is also available. The Chairman Senate Committee lamented the fact that PARCO and Attock Oil Refineries do not supply diesel and all the onus is on the Pakistan State Oil (PSO) for diesel supply. Chairman of the Committee Senator Abdul Qadar recommended sharing the burden of PSO for the supply of diesel and taking practical steps to resolve the issue of High Speed Diesel (HSD) shortage in the next harvesting season. The Ministry officials apprised…

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Pakistan’s gasoline consumption growth is expected to hover at close to double digits over the next three years on rising auto sales, while gasoil demand will grow at around half that rate, despite the push toward cleaner fuels, CEO of Pakistan State Oil Syed Muhammad Taha told S&P Global Commodity Insights in an interview. “In the next two to three years, motor gasoline demand is expected to increase by 8% to 10% per annum owing to the significant increase in economic activity,” Taha said.“Moreover, another factor which would keep growth…

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Bonn, 18 March 2022 (WWEA) – According to preliminary statistics published by WWEA today, the world market for wind turbines reached another record in 2021 with wind turbines with a total capacity of 97,5 Gigawatt installed around the globe, after 92,7 Gigawatt in 2020. The overall capacity of all wind turbines worldwide has now exceeded 840 Gigawatt (after 742,5 Gigawatt in 2020), enough to provide more than 7% of the global power demand. This equals a growth rate of 13%, compared to 14% one year earlier and 10% in 2019.…

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The State Bank of Pakistan on Thursday released its First Quarterly Report for FY22 on the State of Pakistan’s Economy. The analysis and economic outlook of the report are based on data for the July-September 2021 period, and were finalized in November 2021, using data available as of then. As such, the report did not incorporate the rebasing of the large-scale manufacturing and GDP in January 2022. The report notes that during the first quarter, Pakistan’s economy maintained the growth momentum that had begun during FY21. Both the supply and…

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