Category: Highlights

Taming the monster of higher electricity prices-II

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Power sector problems in Pakistan are acute, chronic, and have accumulated over decades. They are also multi-dimensional and not restricted to any one aspect of the sector. They all, however, have culminated into feeding the monster, “the higher-than-normal electricity prices”. There is no easy way out of the present quagmire. A carefully-crafted reform program will be needed to plug the holes in the short-run and a treatment spread over medium- to long-run to heal it back to health. An old English saying offers a short-term remedy: “If you find yourself…

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Offshore wind power is now so cheap that UK wind farms could soon be paying back government subsidies

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UK offshore wind farms are set to be the first in the world to have to pay to produce power in what researchers have termed an “astonishing development” for the once-expensive energy technology. A dramatic drop in the cost of offshore wind power, coupled with a slight rise in wholesale power prices, will likely mean the newest wind farms coming online will operate with “negative subsidy”. This means operators effectively paying the Government to generate power. As a leader in offshore wind, UK schemes are likely to be the first…

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Mansehra-Thakot Expressway of CPEC is open for traffic: Chairman CPEC authority

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ISLAMABAD: China Pakistan Economic Corridor (CPEC) Authority Chairman and SAPM on Information and Broadcasting Lt Gen (R) Asim Saleem Bajwa Tueasday said that Mansehra-Thakot Expressway had been opened for traffic. In a message, he said that constructed with the cost of 136 billion, the 80-kilometer, two-way Mansehra-Thakot Expressway is extension of 40 km Havelian-Mansehra four-lane Motorway. He said that the CPEC had been making progress and so was Pakistan. Highway police and toll staff had been deployed, adding that decision had been taken to add the cost of Security in…

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I Recently Discovered How To Refrigerate Any Room In My House In Under 5-Minutes, WITHOUT Using My Home’s Costly AC

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FOR THE PAST FEW YEARS, THE AIR CONDITIONER INDUSTRY HAD JUST 3 BIG COMPANIES THAT COULD SET ANY PRICES THEY WANTED AND KEPT RIPPING OFF CUSTOMERS.A genius startup is turning this $135 billion dollar AC industry on its head. The company called Blaux has figured out a way to offer a far superior product (even the biggest tech experts agree) at a fraction of the price.With the national weather services reporting that it is going to be a SUPER HOT SUMMER, maybe one of the hottest for decades. Their new…

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Fed govt plans to sell shares of OGDCL, other petroleum companies

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ISLAMABAD: Federal Minister for Privatization Muhammad Mian Somroo on chaired a meeting of the privatization board and mulled over selling shares of Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL) and Mari Petroleum Company Limited, ARY NEWS reported. The meeting mulled over the divestment plan for the three companies while deferred a plan to sell shares of Pakistan Engineering Company Limited (PECO) by August 20 and decided to move ahead on it after consultations with industries and commerce ministry. The meeting headed by Muhammad Mian Somroo mulled over…

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