Category: Highlights

Energy Ministry’s Spokesman for Electricity Industry Mostafa Rajabi Mashhadi said that it is possible to increase the supply of electricity to Pakistan and Afghanistan by more than 400 megawatts (MW). The official said Iran is willing to expand relations with Pakistan and boost electricity export to this country, IRNA reported. Transmission line to Pakistan border to supply electricity to Gwadar port has been built, but power grid is not yet available, the official stated. If the condition will be provided to build a network in Pakistan or if they build…

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Such is the strategic importance attached to rare earths that President Xi Jinping has made it a habit to flex China’s Trade Muscle by visiting to Rare Earths Hub, mining sites and plants frequently. (Twitter)“Rare Earth Elements (REE) are an ace in China’s hand”, read a Global Times headline in 2019. China currently controls nearly 90 per cent of the world’s REE mining and refinement and forms the bedrock of its global supply chain. China’s dominance of the rare earths industry is the result of a reckless and destructive ecological…

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The LNG spot rates are hovering around $16/mmbtu. The Pakistan LNG Limited (PLL) has received bids for October and November deliveries at an average of $19.92/mmbtu and $19.39/mmbtu, respectively. For context, the average LNG spot price for PLL cargoes in October and November last year was $5.38/mmbtu. The PLL is yet to issue final evaluation report for the tenders floated for September 2021. It Is not clear whether PLL has received even one single bid for the five delivery windows for September at all. Recall that PLL had advertised for…

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The government has devised a concrete strategy to ensure access to affordable, reliable, sustainable and indigenous electricity for all by 2030. According to the three-year performance report of the government released on Thursday, it inherited multiple challenges in the power sector, including system constraints, fast rising circular debt, inefficiencies driven by corruption, theft, growing burden of tariff non-rationalisation and the lack of policy decisions leading towards shattering of confidence of foreign investors. Under the government’s vision, the most efficient and consumer-centric power generation, transmission and distribution system was being developed.…

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On 15 August the Taliban took over Kabul and declared their rule over Afghanistan. Taliban spokesperson Zabihullah Mujahid said at his first press conference that the Taliban would continue trading with neighbouring countries and steps would be taken to promote trade. Business people and traders in Pakistan widely welcomed the announcement and the Pakistan stock exchange (PSX) and the country’s bilateral trade with Afghanistan saw a short term sudden rise.  According to Spectrum Research, the local bourse settled the last week on a positive note by adding 430 points as…

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