As mentioned in the last post, the huge break in energy prices between the US and the rest of the world could explain the extreme dollar strength we have seen this year. Part of the problem I have with that is that the corollary of that trade is energy exporters should see a boost from the improved terms of trade.…
Read More
Big Oil majors in the United States have found themselves the target of much pressure to boost production lately, as prices go wild amid a tight—and tightening—market. At the same time, the U.S. government, as well as the EU, have been looking all over the world for more supply. Wood Mackenzie just had some bad news for them. According to new research from…
Read More
President, Employers’ Federation of Pakistan(EFP), Ismail Suttar, has said that the Government of Pakistan should increase the price of gas for domestic consumption. As a country undergoing an economic crisis, the government must seriously take steps to curb wastage of precious gas resources. In a statement, EFP president said that Pakistan already has a deteriorating Balance of Payments (BOP) position…
Read More
On July 14, 2022, we, the Heads of Government of India, Israel, the United Arab Emirates (UAE), and the United States, convened for the first leaders’ meeting of the “I2U2” Group. This unique grouping of countries aims to harness the vibrancy of our societies and entrepreneurial spirit to tackle some of the greatest challenges confronting our world, with a particular…
Read More
National Electric Power Regulatory Authority (Nepra) and National Transmission and Despatch Company (NTDC) are said to be on the warpath with respect to implementation of the Competitive Trading Bilateral Contract Market (CTBCM), sources close to Chairman Nepra told Business Recorder. Sharing the details, sources said, the Authority, in a letter to Managing Director NTDC, expressed serious annoyance at the latter’s letter…
Read More
Chinese company Yutong Bus accepted the offer to set up a public transport plant in Sindh following a meeting between provincial minister for transport Sharjeel Inam Memon and Yutong Bus Country Manager Paul Zhang, on Thursday. The plant would either be set up in Karachi or Hyderabad. The parties agreed to create a ‘concrete’ proposal regarding the matter by next…
Read More
With the government set to burden consumers with Rs893 billion electricity tariff rebasing during the current fiscal year, on top of fuel adjustments in tens of billions of rupees per month, one of the most crucial elements untouched by policymakers remains the high system losses and low recoveries. Both elements put together entail a revenue shortfall of about Rs750bn. This…
Read More
Prime Minister Shehbaz Sharif, in his address to the nation on Thursday, announced that the price of petrol was being cut by Rs18.50 and diesel by Rs40.54. The price cut, which takes place after four rounds of massive hikes under the current government, will go into effect at midnight tonight. The prime minister began his speech by explaining that he…
Read More
Making the “Pearl” on the Old Silk Road Shining Again – GoodWe Demonstrates Prowess in the 80MW PV Project in Gansu, China It is a well-known fact that China has built and led the global solar push in the past decade. “China has more solar energy capacity than any other country in the world, at a gargantuan 130 gigawatts. It…
Read More
