Day: November 20, 2023

PPL-operated joint venture discovers gas & condensate in Sindh

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ppl

Karachi, November 20, 2023: Pakistan Petroleum Limited, operator of Shah Bandar Block (2467-16) (63 percent working interest (WI)) along with joint venture partners Mari Petroleum Company Limited (32 percent WI), Sindh Energy Holding Company Limited and Government Holdings (Private) Limited (2.5 percent WI each) has made a gas and condensate discovery at exploration well Jhim East X-1 in District Sujawal, Sindh. This is the second discovery in Shah Bandar Block. Jhim East X-1 was spud on October 8, 2023 and drilled to a depth of 2,545 m to test the…

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Navigating Pakistan’s Economic Landscape: Elections, Economic Trends, and the Path to Stability”

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pakistan-economy

Introduction: As Pakistan gears up for general elections scheduled for February 8, there are signs of optimism regarding the resolution of the country’s economic and political challenges. The announcement of a firm election date, following consultations between the Election Commission of Pakistan and the president, has put an end to speculation and controversy. Despite concerns raised by major political parties about the fairness of the upcoming elections, the focus is shifting towards forging alliances and preparing for the crucial polls. Political Dynamics: The political scenario is marked by the imprisonment…

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Advancing Pakistan’s EV Policy

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Electric-bikes

Earlier this month, the government of Punjab declared a smog emergency. A few days later, the Lahore High Court ordered school and office closures twice a week to mitigate smog in the largest city of Punjab. According to a 2018 study, air pollution comes from vehicular emissions, industry and agriculture through crop burning.The electric vehicle revolution Globally, the electric vehicle (EV) revolution is accelerating, driven by environmental concerns and advancements in automotive technology. Yet, Pakistan’s advancement to the shift remains tepid. This is proven by the low EV adoption rate…

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The fallacy of competitive energy rates

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Chinese-power

Subsidisation of inefficiency fosters rent-seeking behaviour, impedes capital flow into efficient sectors such as IT ISLAMABAD: The interim government, in its recent policy move, opted to increase gas prices while rejecting the idea of eliminating subsidies for exporters. Export subsidies have been a contentious and enduring issue in Pakistan’s economic landscape for a considerable span of time. The government’s tendency to extend these subsidies to the export sector, often dressed in the attire of tax relief and discounted energy price, has been a matter of some debate. Advocates, including notable…

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