How feasible is the Thar coal railway?

The long-awaited project of connecting the Thar coal deposit by railway to the Pakistan Railway network is set to soon receive financing.  PC-I of the project has reportedly been prepared and is expected to be approved soon”. The total project cost of Rs 58.240 billion would be supported on an equal cost sharing basis through the Public Sector Development Programme…

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NAB INITIATES INQUIRY AGAINST ‘ILLEGAL’ RECRUITMENT, PROMOTION IN SINDH ASSEMBLY

The National Accountability Bureau (NAB) has initiated an investigation against ‘illegal’ recruitment and promotion in Sindh Assembly, ARY News reported on Saturday.   According to details, the accountability watchdog initiated an investigation against ‘illegal’ recruitment and promotion in Sindh Assembly and sought details from Secretary Sindh Assembly Umar Farooq. As per a statement, the NAB has sought details from Secretary…

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Guyana’s Oil Boom Will Only Accelerate In 2023

Guyana’s offshore oil boom continues to gain momentum. It is the ExxonMobil-led consortium operating the 6.6-million-acre Stabroek Block offshore Guyana which stands to benefit the most from what analysts describe as the last great frontier offshore oil boom. The global energy supermajor has made over 32 world-class discoveries in the Stabroek Block and is now pumping 360,000 barrels per day…

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The Fall Of Tesla And The Rise of Exxon Amid The Energy Crisis

Growth stocks have been thoroughly hammered this year, with high inflation and rising interest rates pinching growth equities of all stripes. But few stocks exemplify the dramatic shake-up at the top, like leading EV maker Tesla Inc. (NASDAQ: TSLA). TSLA stock has tanked 69.5% in the year-to-date, wiping off a staggering $877 billion from its market cap. In comparison, the…

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PGPCL issues 90-day notice to Pakistan LNG on delaying access deal

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Pakistan Gas Port Consortium Limited (PGPCL) on Tuesday issued a legal notice to Pakistan LNG Limited (PLL) for misconduct and default regarding third-party access agreement (TPPA) finalisation, causing hurdles in the private sector’s LNG imports. PLL has been urged to resolve the matter of TPPA within 90 days. In case of failure, PGPCL would move to the London Court of…

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Power Sector Receivables Cross Rs2.5trn Mark

Pakistan’s energy sector is going through severe crisis as the power sector’s receivables against various consumers including provincial governments, federal government, and private sector have crossed Rs2.5 trillion. This was stated by Tahir Basharat Cheema, former managing director (MD) Pakistan Electric Power Company (PEPCO), while addressing the launch ceremony of a book titled, “Power Sector an Enigma With No Easy…

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