Year: 2022

SSGPL Stops Gas supply for KEPCO, industry

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The Sui Southern Gas Pipeline (SSGPL) has stopped the gas supply for the Kepco and industry for the third consecutive day as gas crisis hits the port city of Karachi. The gas authorities said that the gas supply would be stopped to Gepco and the general industry on Sunday. It has been notified that provision of gas would be available from Monday 8am. he CNG stations in Karachi are also closed for the third consecutive day. Meanwhile, “Assuring a sustainable continuity of gas supply will go a long way for…

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No Shortcut to Power Woes

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If there’s one lesson Pakistan’s policymakers can learn from the ongoing tumult in the international energy markets, it is to look for economical and reliable substitutes to the expensive import-based fuel mix for tackling longstanding power sector challenges: availability, affordability and accessibility.Energy prices have shot through the roof and suppliers cancelled their long term contracted LNG shipments on Covid-related supply chain disruptions exacerbated lately by the Russian-Ukraine conflict, underlining how vulnerable Pakistan’s energy security is to the global price and supply volatility. The previous Nawaz Sharif government had attempted to…

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Cnergyico Signs A Memorandum Of Understanding (Mou) With Abhi

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Cnergyico Pk Limited (formerly Byco Petroleum), one of Pakistan’s largest petroleum companies, today announced the signing of a memorandum of understanding (MoU) with the financial wellness platform Abhi that provides salary advance service. Cnergyico plans to use Abhi’s innovative financial technology to facilitate its employees located all across Pakistan. With Abhi, employees can access their earned salary, at any time of the month. Speaking on the occasion, Mr. Azfar Saeed Baig, Cnergyico’s Vice President for Information said, “taking care of employees has been the number one priority at Cnergyico. The…

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Growatt Propels Pakistan’s Transition to Renewables Through a 120MW Package Deal with NMC Group

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This 120 MW deal helps to provide the most reliable and advanced string inverters for local users in Pakistan, which will undoubtedly strengthen the company’s leading position in Pakistan’s renewable energy industry. Growatt will supply the three-phase residential inverter MOD 3-15KTL3-X from its latest innovation, the Generation X series. The inverter features sleek and compact design as well as smart, safe and reliable functionalities. Lightweight and easy to install, it also integrates string monitoring function for fast troubleshooting, and Type II SPD on both DC and AC sides to enhance…

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Businessmen Demand Economic Emergency: Irfan Iqbal Sheikh

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Mr. Irfan Iqbal Sheikh, President FPCCI, has said that the economic and business environment has reached a point where the business community finds the demand of imposing an economic emergency justifiable to put an end to the economic uncertainty. He added that businesses cannot operate profitably under such harsh and unfavorable conditions. Mr. Irfan Iqbal Sheikh emphasized that the policy rate must be aggressively brought down to 7 percent from its current level of 12.25 percent to make access to finance affordable for the private sector to keep the economic…

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