Year: 2023

Emirates joins UAE based research consortium for renewable and advanced aviation fuels

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Karachi , 21 November 2023 – In the UAE Year of Sustainability, and at the 3rd ICAO Conference on Aviation and Alternative Fuels (CAAF/3) held in Dubai, eight founding entities announced the launch of the “Air-CRAFT” initiative – a UAE based research consortium focused on developing, producing, and scaling sustainable aviation fuel (SAF) technologies. Air-CRAFT, or the UAE Centre for Renewable and Advanced Fuel Technologies for Aviation, is a first-of-its-kind initiative that will bring together entities across the value chain – industrial policy makers, aviation regulators, fuel producers, academia and…

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PRL signs licence deals with Honeywell UOP, Axens for refinery upgrade

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KARACHI: Pakistan Refinery Limited (PRL) has signed pivotal license agreements with global technology providers Honeywell UOP and Axens for its ambitious Refinery Expansion and Upgrade Project (REUP), the company said on Tuesday. “PRL has signed pivotal license agreements with renowned industry leaders Honeywell UOP and Axens, for its ambitious REUP,” the PRL said in a filing to the Pakistan Stock Exchange (PSX). The REUP project aims to double PRL’s refining capacity from the current 50,000 barrels per day (bpd) to 100,000 bpd and upgrade the existing configuration from hydro skimming…

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Pakistan plans to sell excess power to Central Asia in winter season via CASA-1000

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ISLAMABAD: Pakistan is looking to export its surplus electricity to Central Asian states, in the winter season, as it seeks to utilise the transmission infrastructure of a delayed regional power project and reduce its capacity payments burden. The country will hold the technical talks with Kyrgyzstan, Tajikistan, Kazakhstan, Uzbekistan and the World Bank in Dubai next month to discuss the tariff and the amount of power that can be sold to the region from October to April. Pakistan has a huge excess of electric power in the winter season, when…

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Power ministry recovers Rs55bn from delinquent consumers

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ISLAMABAD: The power ministry said on Tuesday, it had recovered Rs55 billion from electricity consumers that had either not paid their bills or were involved in theft, as part of a campaign to reduce losses and improve the sector’s performance. The ministry said it had collected Rs46 billion from Sept. 7 to Oct. 31 and another Rs9 billion in November so far, through detection charges and arrears recovery from delinquent consumers. Rashid Langrial, secretary of Power Division, said the November data includes detection charges and arrears recovery but does not…

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Economic confidence hits new low

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Ipsos survey reveals anxieties over inflation, unemployment and poverty levels ISLAMABAD: Only one in ten Pakistanis believes that the country is heading in the right direction, with economic problems ranking as the most worrying issues for them, reveals a new opinion poll. The outcomes of the survey reflect the overall poor conditions of the country, yet the number seeing the economy as very weak has declined to 60%, according to the Consumer Confidence Index Survey conducted by Ipsos – a market research firm – last month. The survey revealed that…

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