Category: Recent Post

ISLAMABAD: For the fifth fortnight in a row, the government on Sunday increased the prices of all petroleum products by 2.5 per cent to 4.6pc for the next 15 days. According to an announcement by the Prime Minister Office, the ex-depot prices of high speed diesel (HSD) and petrol were increased by Rs2.88 and Rs2.70 per litre, respectively. The prices of kerosene and light diesel oil (LDO) were jacked up by Rs3.54 and Rs3per litre, respectively. As such, the ex-depot price of HSD rose to Rs116.07 per litre from Rs113.19,…

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KARACHI: Coal demand is expected to remain upbeat in 2021 as more coal-fired and captive power plants are coming up in the current year. According to sources, the import of coal at three coal-based power plants – China Hubco, Sahiwal and Port Qasim Electric — is around 10-12 million tonnes per annum. According to Nepra, the contribution of coal to the country’s energy mix was a staggering 21 per cent in CY20. The cement sector is also expanding its capacity to cope with the rising demand under Prime Minister’s Naya…

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The Oil and Gas Regulatory Authority (Ogra) has allowed a 5.4% increase in the price of gas for consumers of Sui Southern Gas Company (SSGC). The regulator allowed the hike in the prescribed price of gas while determining the estimated revenue requirement (ERR) of SSGC for financial year 2020-21. The oil and gas regulator allowed the price increase in order to recover shortfall of Rs14,270 million in the ERR for financial year 2020-21, including prior year shortfall of Rs50,983 million. The new prescribed price has been determined at Rs778.59 per…

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KARACHI: Pakistan Meteorological Department said the city’s weather is likely to remain dry and cold during the next 24 hours on Thursday. According to the Air Quality Index, Karachi has been ranked second among the most polluted cities in the world today. The minimum temperature recorded in the provincial capital city today was 9.2°C. However, due to the haze, the visibility near the airport was recorded at 3 kilometres. Read more: Karachi ranks seventh among most polluted cities of the world today As per details from the weather department, the…

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China is all set to launch its carbon emissions trading scheme next month. If successful, it is set to be the largest such system in the world. Carbon trading schemes have been on several countries’ agendas, but their execution has been limited due to fiduciary, technical and implementation challenges. Pakistan has abundant potential carbon mitigation and adaptation options and could benefit greatly from collaboration with China’s emission trading scheme. Read: Is Pakistan really phasing out coal? What is a carbon market? A carbon market is one where you can buy…

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