Category: Highlights

The experts from energy sector said this while sharing their view with the participants of online webinar ‘Indicative Generation Capacity Expansion Plan (IGCEP) 2047 and the challenges’ organized by the Sustainable Development Policy Institute (SDPI), here on Tuesday,  with support from the Institute of Policy Studies (IPS), the Rural Development Policy Institute (RDPI), the World Wind Energy Association (WWEA), and World Wide Fund for Nature-Pakistan (WWF-Pakistan). Mr. Simon Nicholas, representing Institute for Energy Economics Analysis, shared with the participants that although the plan takes into account both energy and economic…

Read More

Pakistan’s state-owned marketer PSO is back in the spot market seeking fuel oil on a shortage of domestic natural gas supplies in the country during winter. PSO is also seeking low-sulphur fuel oil (LSFO) in its most recent tender, an unexpected move after Pakistan did not import LSFO in 2019. PSO has issued three spot tenders this week seeking to import both high-sulphur fuel oil (HSFO) and LSFO for delivery in November-December. According to traders, PSO has tendered to import two 60,000-65,000t cargoes of 120cst LSFO with 0.9-1pc sulphur and…

Read More

ISLAMABAD: Pakistan LNG Ltd (PLL) said on Thursday it has signed an initial deal to supply liquefied natural gas (LNG) to K-Electric’s plants from 2021, helping the country cut its carbon emissions. The country has increased its reliance on imported LNG over the last few years as its local gas output has declined while domestic demand, led by power sector, has increased. PLL recently invited bids to import up to six LNG cargoes for December. PLL will supply up to 150 million cubic feet per day (mmcfd) of gas to…

Read More

Having been the apex body of cement makers for the last 12 years, the All Pakistan Cement Manufacturers’ Association (APCMA) knew well that when the regulator comes calling, it is rarely to convey good news. Last week, the Competition Commission of Pakistan (CCP) conducted a search at the headquarters of APCMA in Lahore purportedly to gather evidence of possible communication, arrangement, agreement or understanding among cement producers pertaining to the alleged violation of the provisions of Competition Act 2010. A week later, there is no knowing what came to pass…

Read More

The Ambassador of the Islamic Republic of Iran to Pakistan said getting Iran’s Chabahar and Pakistan’s Gwadar ports linked will strengthen bilateral trade and bring prosperity to the region. Ambassador Seyed Mohammad Ali Hosseini during an interview with Pakistani newspaper ‘Business Recorder’ said Gwadar and Chabahar are two important ports, adding that if they become more active, the two ports will bring regional progress and prosperity. “Some are trying to present these two ports as competitors to each other, while we do not take it as a competition but a…

Read More