Category: Highlights

The electric power sector of Pakistan has been plagued by multiple issues since the late 90s entailing both availability and affordability of energy for sustainable development in Pakistan. The recent remarks by the Special Assistant to the Prime Minister (SAPM) for Power and Petroleum, Tabish Gauhar, and evidence produced by several eminent economists provide a detailed root cause analysis of the problems and suggests that the solution to these issues lie in the introduction of competition in the monopolistic electricity market of Pakistan. The claim of the honorable SAPM that…

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ABU DHABI, (UrduPoint / Pakistan Point News / WAM – 04th Aug, 2021) Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, attended on Wednesday the launch of the National Water and Energy Demand Management Programme, which was approved by the Federal Cabinet to enhance the efficiency of the three most energy-consuming sectors by 40 percent. Rolled out in cooperation with strategic partners and stakeholders of the federal and local governments and the private sector, the programme targets 40 percent efficiency of the three most energy-consuming sectors in the…

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A consortium of Chinese state-owned companies has offered to set up a $15 billion oil refinery complex that may provide some relief to Pakistan, which is grappling with the challenge of huge outflows of foreign investment in recent years. The China Petroleum Pipeline Engineering Company LTD (CCP) and China Zhen Hua Import and Export Corporation have shown interest to invest $15 billion in oil refinery complex, Board of Investment (BOI) Secretary Fareena Mazhar told The Express Tribune on Tuesday. China Petroleum Pipeline Engineering Company Limited is a subsidiary of the…

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Motor Gasoline (Mogas) recorded highest-ever sale of 0.81 million tons in July 2021, which is 14 percent higher on year-on-year basis. This is 7 percent higher on month-on-month basis. This was on the back of rising car sales and increased demand from people travelling up North, analysts said. Furnace Oil (FO) sales also witnessed an increase of 54 percent on YoY to 0.37 million tons primarily due to reduction in LNG supply and increased demand from power sector, Umair Naseer at Topline Securities said. To recall, LNG supply was reduced…

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he government has charged almost $2,960,000 (Rs473 million) illegally from LNG consumers in the last seven months in the name of margin of PLTL (Pakistan LNG Terminal Limited) despite its merger into Pakistan LNG Limited (PLL) on Jan 1, 2021. The PLTL Board of Directors has been abolished and there is no MD (Managing director) and CFO (Chief Financial Officer) of the PLTL in place since its merger. Interestingly, the government is found to have charged LNG consumers in the last seven months in the name of the PLTL margin…

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