Shifting to renewable sources key to Pakistan’s energy security: PM Shehbaz

wind energy

Prime Minister Shehbaz Sharif on Wednesday said the government remains committed to diversifying the country’s energy mix, and will put special emphasis on renewable sources, which he termed as the “key to energy security”. The prime minister in a post on Twitter wrote that the federal cabinet has given serious consideration to an energy conservation plan. “The plan will be approved…

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Circular debt in gas sector: Committee formed to give roadmap in 10 days

Amid the IMF demand for hiking gas tariffs, the government has constituted a high-powered committee on Circular Debt Settlement Plan for gas sector companies with the mandate to devise a clear roadmap for erasing this monster within 10 days. The circular debt of the cash-bleeding gas sector has accumulated to Rs1,600 billion and has now gripped the gas sector after…

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$100 Oil To Return In 2023

dollar

Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners LP, has told the Financial Post that oil prices will return to $100 per barrel in 2023. According to the analysts, many of the headwinds that have cut short the oil price rally this year including China’s zero-Covid policy and the coordinated SPR releases by several governments, will no longer…

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Forex crisis deepens

The overall business confidence in Pakistan fell to minus four per cent, according to a survey of the Overseas Investors Chambers of Commerce and Industry (OICCI) conducted during September-October 2022. The business confidence score was low — 17pc — in the previous survey of March-April as well, but it was still positive. The OICCI says the decline in business confidence…

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OGDCL, Tehzibul Akhlaq Trust Collaborate to Promote Education

ogdcl

December 17, 2022: Aiming to revolutionize the education system of Pakistan, the Oil and Gas Development Company Limited (OGDCL) has signed a Memorandum of Understanding (MoU) with Tehzibul Akhlaq Trust for sponsoring education with the concept of transforming societies.The seven-year program mainly focuses on providing free education to 25 students in the Baluchistan province’s OGDCL operational areas. These students will…

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