Category: News & Announcement

ISLAMABAD: The Pakistan Energy Sukuk-II of Rs200 billion book-running that began on Monday in Pakistan Stock Exchange (PSX) attracted a strong demand and was oversubscribed by 62.5 percent at its first day, indicating that the government will discover low interest rate. The book running process will also continue on Tuesday (today), a senior official told The News. Since, at the first day high interest of investors in government guaranteed sharia compliant securities was seen, they expect that over subscription can cross 100 percent. According to market sources, the Rs200 billion…

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BANGKOK, THAILAND (18 May 2020) — The Asian Development Bank (ADB) has signed a THB235.55 million ($7.2 million equivalent) loan with Lomligor Company Limited (Lomligor), a subsidiary of BCPG Public Company Limited (BCPG), to finance a 10-megawatt (MW) wind power plant in southern Thailand. The project utilizes an integrated 1.88-megawatt-hour (MWh) pilot battery energy storage system to increase the amount of renewable energy delivered to the grid. The Southern Thailand Wind Power and Battery Energy Storage Project is the first private sector initiative in Thailand to integrate utility-scale wind power generation…

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Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by ongoing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic spreading. Brent crude was up $2.00, or 6.2%, at $34.50 per barrel, after touching a high since April 13. U.S. West Texas Intermediate crude was up $2.57, or 8.7%, at $32.01 a barrel, after rising to its highest since March 16. “Oil prices may show further upside…

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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 17th May, 2020 ) :All Pakistan Petroleum & Compressed Natural Gas Association (APPCNGA) has demanded of the Federal and provincial governments to restore the public service transport as its closure, enforced due to the coronavirus pandemic, had left around 2.5 million people jobless across the country. “The people associated with the public transport business have received no financial assistance from anywhere and now their economic condition is worsening with each passing day,” Association Chairman Ghiyas Abdullah Paracha said in a statement.…

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The Khyber Pakhtunkhwa (KP) government has recently decided to set up a provincial grid company, a decision being widely hailed as a move in the right direction by high ups in the province. If the plan is successful, KP will become only the second province to be granted a provincial grid company license, with Sindh being the first.  Before getting into what this grid company would actually do, let us try to understand a few things. Consider the example of a small bulb in your home. For electricity to light…

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