As interest in green hydrogen picks up worldwide, energy firms are using a variety of renewable energy projects to power hydrogen production. One major source for this production is wind power, thanks to decades of development of wind farms worldwide. Green hydrogen has been hailed by many as a magical fuel that could eventually provide an alternative to diesel and…
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The Private Power & Infrastructure Board (PPIB) has sought a detailed analysis regarding minimum possible price of Pakistan Exploration Limited (PEL) gas for power generation by Engro Power Gen Qadirpur Ltd (EPQL) as its tariff will not be economical at 70 per cent RLNG, sources close to Managing Director PPIB told Business Recorder. The decision was taken by the PPIB…
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Gas stoves are a hot topic. A new study linked them to one in eight childhood asthma cases, the US Consumer Product Safety Commission said it would look into banning them, and Republicans expressed anger at the mere suggestion. At the same time, federal and state policies are aiming to give gas stoves’ main competition – regular electric stoves and…
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Finance Minister Ishaq Dar on Sunday announced keeping the prices of petroleum products unchanged for the next 15 days. “We have decided to maintain the existing prices of petroleum products from Jan 16 to 31,” Mr Dar said as he announced the fortnightly revision of prices. He said the price of petrol, diesel and kerosene will remain at Rs214.80, Rs227.80…
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Oil prices settled more than a dollar a barrel higher on Friday, notching their biggest weekly gains since October, as the US dollar dropped to a seven-month low and more indicators pointed toward growing demand from top oil importer China. Brent crude futures settled at $85.28 a barrel, up by $1.25, or 1.5%. West Texas Intermediate (WTI) crude futures rose…
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As the world enters a new industrial age, where technology manufacturing for clean energy will lead the way, total investments in clean energy technologies and infrastructure have to top $4.5 trillion in 2030 under the net-zero emissions by 2050 scenario, the International Energy Agency (IEA) said in a new report this week. The unprecedented scale of required investment will need…
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In order to keep the POL [petrol, oil, lubricants] prices unchanged for the next fortnight, the government jacked up petroleum development levy (PDL) on high-speed diesel (HSD) by Rs2.50 per litre and increased it from Rs32.50 to Rs35 per litre with effect from January 16, 2023. Under the IMF [International Monetary Fund] agreement, the government seeks Rs855 billion through petroleum…
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On Sunday, Barrick Gold Corporation Chief Executive Officer Mark Bristow announced the establishment of a project office in Quetta at a ceremony conducted at the Chief Minister’s secretariat. As part of a three-day project review that started in Quetta, Bristow, accompanied by senior Barrick executives, met with Balochistan chief minister Abdul Quddus Bizenjo and other provincial leaders to brief them…
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National Bank of Pakistan (NBP) has been recognized at the Global Diversity, Equity and Inclusion Benchmarks (GDEIB) Awards 2023. The Bank won a total of four awards in categories of Recruitment; Work-life Integration, Flexibility & Benefits; DEI Learning & Development and Community, Government Relations & Philanthropy. NBP won the “Best Practice” award in the category of Flexibility and Benefits, whereas…
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