Year: 2022

The press release added that the energy ministry submitted a summary of accrued interest with respect to the amount held in an escrow account in connection with the Reko Diq project dispute settlement. The statement highlighted that the federal and Balochistan government entered into an out-of-court dispute settlement with Tethyan Copper Company Pvt Limited with respect to the project. “In the light of the terms of the agreed settlement, the ECC allowed Finance Division to direct GHPL (Government Holding Private Limited), OGDCL (Oil and Gas Development Company) and PPL (Pakistan Petroleum Limited)…

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The ongoing ‘default’ discussion is a favourite political and economic pastime. After the first decade since independence, Pakistan never got rid of a default threat. It will remain exposed to bankruptcy risk due to a continuously rising debt and the cost of servicing factor. It will remain dependent on external borrowing unless economy’s direction is not corrected. Pakistan’s financial condition has become precarious because our economic managers have never made any effort to transform the economy by bringing about the required structural changes. The resulting sharp surge in current account…

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A team of the Oil and Gas Regulatory Authority’s (OGRA) Enforcement Directorate on Sunday stopped the illegal and dangerous activities of selling LPG in plastic shopping bags, taking place in parts of the provincial capital of Khyber Pakhtunkhwa – Peshawar. “OGRA team along with District Management visited different parts of Peshawar including Rati bazaar, Ashraf road and Khyber bazaar after reported selling and filling of LPG/Gas in plastic bags and immediately stopped the activity,” the authority spokesman Imran Ghaznavi said in a news release here. He said the activity of…

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PVTIME – Recently, China’s National Experimental Platform for Photovoltaic and Energy Storage has announced the half-year empirical results of the Daqing Base, which is located in Datong District, Daqing City, Heilongjiang Province (124°E, 46°N), in the cold temperature zone. The MW-level array was established to study the impact of product selection and system design on power generation, and the periodic results already reflect some trending information. 1. The PR of PV arrays with different designs are mostly higher than 83% As shown in Figure 1, the PR of PV arrays of…

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