Pakistan has been grappling with persistent challenges in meeting the demand for natural gas, resulting from increasing energy needs, infrastructure limitations, and supply-demand gaps. Last year, domestic natural gas production in Pakistan experienced a decrease of approximately five per cent. Around 25pc of the country’s natural gas consumption is being met through imported LNG. The government’s provision of subsidised gas to the fertiliser sector has strained resources and raised concerns about energy efficiency and environmental impact. Despite these challenges, the government has continued its provision of subsidised gas to the…
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KSA, UAE willing to invest in Pakistan: Malik
State minister says IT, agriculture, mining sectors key areas of interest ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik on Sunday said that the Kingdom of Saudi Arabia and the United Arab Emirates were taking a keen interest in Pakistan’s information technology, agriculture and mining sectors. The KSA planned to fix $24 billion in funds for investment purposes, while the UAE allocated $22 billion funds for exploring opportunities in three sectors of Pakistan, the state minister stated in an interview with a private television channel. The heavy investment in three…
Read MoreSpain doubles green hydrogen, biogas targets
Renewables to generate 81% of the country’s electricity by 2030 MADRID: Spain will double its 2030 biogas and green hydrogen production targets and raise its wider energy and climate ambitions, a draft of the government’s climate strategy showed on Wednesday. The new plan includes higher goals for solar and wind power as well as energy storage and other initiatives. Energy is a hotly debated topic in Spain ahead of national elections next month, with the front-runner, the opposition People’s Party (PP), pushing to reverse a planned phase out of Spain’s…
Read MorePakistani elites should mend their ways before it’s too late
Discover why Pakistani elites must mend their ways to avoid irreversible consequences. Join the conversation on our blog for insights on securing a better future before it’s too late.
Read MoreIMF Reaches Staff-level Agreement with Pakistan on a US$3 billion Stand-By Arrangement
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country.
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