Category: Recent Post

New power system modelling analysis for Central Asia shows that the region can reduce operating expenses by as much as $6.4 billion in the next 10 years. This can become a reality when neighboring system operators leverage connected electricity transmission infrastructure. Discussions are underway to make connections and derive optimal value from coordinated system operation, the World Bank said in an article published on its website. Countries in Central Asia enjoyed remarkable economic growth during the last decade with a GDP growth across the region averaging around 5 percent. The region has…

Read More

ISLAMABAD: As the Pakistan Tehreek-e-Insaf (PTI) government has allowed the private sector to import LNG, the cabinet has given the go-ahead to the Oil and Gas Regulatory Authority (Ogra) to issue new CNG licenses based on LNG after a span of 12 years. A ban had been imposed, 12 years ago, on issuance of new CNG stations based on indigenous gas due to shortage of gas. However, the government has allowed private sector to import LNG. Welcoming the decision, Universal Gas Distribution Company Limited Chief Executive Officer (CEO) Ghayas Paracha…

Read More

Planning, Development and Special Initiatives Minister Asad Umar, while hinting at curtailment of gas supply to industries in the coming winter season due to depleting reserves, has said that all out efforts were being made to overcome the issue of gas shortage in the country. “Gas consumption is much higher at around 6 billion cubic feet compared to present production, which is less than 4bcf,” the minister informed while addressing the representatives of chambers of commerce and SITE associations of Nooriabad, Kotri, Jamshoro and Hyderabad at a reception hosted by…

Read More

SLIDING market prices, lowering demand and healthy output projections are set to hit the single product, oil-rich economies of the Middle East, the International Monetary Fund (IMF) said in its report last week. All this was anticipated. Oil-rich Gulf states are now expected to see a six per cent real GDP contraction this year, the report said. Real GDP growth for the Gulf Cooperation Council (GCC) states averaged 4.7pc from 2000 to 2016. “On average, we will see growth going negative by 6.6pc for oil-exporting countries,” Jihad Azour, director of…

Read More

Two days after issuing a lockdown  and calling for better compliance with Covid-19 standard operating procedures (SOPs), the National Command and Operation Centre (NCOC) on Friday noted an increase in the country’s positivity rate, virus-related deaths and hospital admissions. During the morning session of the forum, health officials presented data on the country’s Covid outbreak. The forum noted that the positivity ratio had risen for the fifth consecutive day, a statement issued by the NCOC said. The average positivity rate is 40 per cent higher during the last four days, the…

Read More