Category: Highlights

A visiting delegation of Chinese investors from Sichuan Province on Thursday expressed keen interest for investing in different sectors of Pakistan’s economy, particularly exploiting huge opportunities existing in power generation and mining sectors.https://www.facebook.com/v2.9/plugins/quote.php?app_id=106170627023&channel=https%3A%2F%2Fstaticxx.facebook.com%2Fx%2Fconnect%2Fxd_arbiter%2F%3Fversion%3D46%23cb%3Dfea469040a3b8%26domain%3Dnation.com.pk%26origin%3Dhttps%253A%252F%252Fnation.com.pk%252Ff38090fb1e2bb94%26relation%3Dparent.parent&container_width=779&href=https%3A%2F%2Fnation.com.pk%2F23-Apr-2021%2Fchinese-investors-keen-to-invest-in-mining-power-sectors&locale=en_US&sdk=joey The delegation visited Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and met with Chairman Haji Quran Ali and Coordinator Miza Abdul Rahman. Chinese investors expressed their desire to invest in mining, minerals sector and small power projects as there was broad investment potential in the fields of mines and minerals, hydropower, agriculture, tourism, construction and…

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Pakistan is bearing an annual loss of Rs240 billion due to the smuggling of Petroleum products, according to the Petroleum Commission’s report which was made public on Tuesday after the federal cabinet’s approval.  Petroleum products, especially motor spirit (MS) and high speed diesel (HSD), are smuggled into Pakistan from the western border of Taftan, Iran. The tax department during the year 2019-20 seized 27,911,746 litre petrol and 997,037,434 litres smuggled diesel. The report states that the net loss of revenue on the seized product is around Rs48bn in one year…

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While the situation at external front has been improving, the foreign direct investment climate is dreary as usual. Where COIVD-19 pandemic has adversely affected FDI flows across the globe including Pakistan, the situation at home has been worrisome much before the pandemic hit. The continuous decline in FDI since after FY17 is the evidence. Central bank’s latest data shows that net flows in March 2021 was down again year-on-year – though it was able to break the continuous month-on-month decline streak of the previous four months. At $253 million, net…

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By 31 March 2021, new power generation projects under construction stood at 463 gigawatts (GW) across the region’s 16 key power markets, up 5% from the previous quarter, reported IHS Markit. “With countries aiming to further reduce their carbon emissions, it is not surprising that the share of renewables in planned power projects increased in the last quarter,” said Xizhou Zhou, vice president, global power & renewables at IHS Markit. Australia widens gap as clean energy leader in Asia Pacific Australia confirmed its top position in the second quarter RAI,…

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The honest power consumers are likely to pay an additional Rs1.1 trillion to the powerful independent power plants (IPPs) including idle generation companies on account of rising capacity payments. The capacity payments have continued to increase and are expected to touch a high of Rs1.6 trillion in 2023. During the tenure of Pakistan Tehreek-e-Insaf (PTI) government, the capacity payments have swelled 53% from 2018 to 2021. The capacity payments stood at Rs500 billion in 2018, the year when the PTI came to power. This has jumped to nearly Rs950 billion…

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