In a new development, the much touted and already delayed trans-nations $10bn TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas line project has landed into hot waters, as Asian Development Bank (ADB) has paused all due diligence and processing activities until Taliban regime is acknowledged and legitimized by the UN and big economies of the world, a top official of Energy Ministry told while quoting the proceedings of the recently held meeting in Islamabad between top Turkmen and Pakistani functionaries. he major portion of the pipeline is to pass through Afghanistan. The ADB that was…
Read MoreMonth: March 2022
Officers on deputation grab top slots in HDA
The deputation based postings of top officials in Hyderabad Development Authority (HDA) and its subsidiary Water and Sanitation Agency (WASA) has provoked a reaction from the local officials. The postings of the outsider officers in the HDA began soon after Muhammad Suhail took charge of the authority’s director general, replacing Ghulam Muhammad Qaimkhani, last year. A deputy director from Karachi, where Suhail had last served as Malir Development Authority’s head, was posted in HDA and another in WASA, both on important positions. On February 24, Sindh local government department directed…
Read MoreSindh Energy Minister to inaugurate 2day-long International Conference on Solar and Wind Power on 15th and 16th March
Sindh Energy Minister Imtiaz Ahmed Shaikh will inaugurate on March 15, 2022 the 2 day-long International Conference on Solar and Wind Power as being the clean and abundantly available energy resource in the country.The 2nd international conference and expo on Solar and 5th Int’l Wind Energy Summit 2022, being organised by the Energy Update, in collaboration with Sindh Energy Department, Alternative Energy Development Board, Sustainable Development Policy Institute, NEPRA & World Wind Energy Association. It will also showcase the latest technology available in Pakistan and the rest of the world…
Read MoreRelief on fuel price will generate burden on kitty: ECC
While expressing concern over the rising oil prices, Economic Coordination Committee (ECC) of the Cabinet has held that capping of fuel price would generate additional burden on the exchequer, especially in the current international scenario and oil market volatility. The ECC, headed by Finance Minister Shaukat Tarin shared their concern during the ECC meeting held on March 7, 2022 when reduction in electricity tariff by Rs 5 per unit came under discussion. On February 28, Prime Minister Imran Khan, who is facing severe political pressure from the opposition parties, announced…
Read MoreOil sanctions take west into uncharted waters
While some care has been taken to phase in the UK ban on Russian oil, the UK and US cannot cut out the world’s third largest oil producer without tangible consequences. Some of this is already factored in to the global price for crude oil and record pump petrol and particularly diesel prices. The price of an average tank in the UK is approaching £90 now, and there is a clear path to £100. Even without formal diplomatic bans, an unofficial embargo is occurring in the markets. Shell was pilloried…
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