Day: January 5, 2023

Incorrect diagnosis is at times, worse than no diagnosis at all. More so, if the diagnosis also leads to prescriptions being used. The government ministers, in a star-studded presser, announced a national energy conservation policy, in light of the crisis Pakistan faces today. The plan, if implemented, is slated to save all of Rs62 billion over 12 months. Not sure Pakistan’s problems today revolve around saving a few billions in rupees. Another matter is how the federal government will get its political rivals in two provinces on board. Also, another…

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The total planned investment under China Pakistan Economic Corridor (CPEC) is $62 billion between FY2015 and FY2030, out of which $27.4 billion projects have been realized, with energy sector (power generation, coal mining and transmission lines) representing 76 percent. It covers power generation projects, both fossil fuel and renewable, of about 11 GW. To date, about 5,520 MW energy projects have been completed. More than half of these projects are coal-based power plants, according to an annual report on renewable energy released by Sustainable Development Policy Institute (SDPI). The report…

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All agreements for the extraction of Balochistan’s natural resources were signed by “weak and non-political governments”, National Party chief Dr Abdul Malik Baloch said on Wednesday. “Balochistan will not get a 25-35 percent share out of the Reko Diq project. Instead, its share won’t be more than 10 percent. “Like all previous arrangements, the Reko Diq agreement is unjust for the province,” Dr Malik said during an informal discussion with journalists. Dr Malik, a former chief minister, said the Constitution was clear that the people of a province had the…

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In order to enable PSO to remain current in its payment obligations to LNG suppliers as well as to maintain LNG supply chain, the Economic Coordination Committee (ECC) allowed release of Rs. 10 billion budgeted subsidy to Petroleum Division and allowed GoP guarantee against bank financing upto Rs. 50 billion In order to enable PSO to remain current in its payment obligations to LNG suppliers as well as to maintain LNG supply chain, the Economic Coordination Committee (ECC) allowed release of Rs. 10 billion budgeted subsidy to Petroleum Division and…

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Pakistan is a country of 230 million people, a nuclear power, and rich in natural resources but we rank 138 in the world prosperity index and cannot provide quality health and education to our people. With the dwindling reserves, stalled IMF programme, limited bilateral /multilateral inflows and expensive commercial lending to Pakistan, the situation can’t be worst. There is also a lack of vision as how Pakistan can get out of this cycle and stand on its feet. Pakistan roughly generates US$60 billion/year (remittances, exports, little FDI) but need around…

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