Category: Shortcode

World Bank Urges Comprehensive Reforms as Pakistan’s Energy Sector Circular Debt Reaches Rs5.5 Trillion

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circular-debt

Despite efforts to address billing defaults and theft, Pakistan’s power and gas circular debts have surged, reaching Rs5.5 trillion by January, as reported by the World Bank. The bank emphasizes the need for more extensive reforms to align tariffs with the true cost of supply. Structural issues, subsidies, and inefficiencies have led to significant deficits, affecting supply reliability. The World Bank calls for continued tariff reforms to tackle mounting circular debt in the electricity and gas sectors. It notes improvements but highlights that the pace of debt accumulation remains a…

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Pakistan’s Slumber on Gas Pipeline Projects Sparks Multiple Concerns

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gas-pipeline

Devcom-Pakistan Centre for Geopolitical Studies Executive Director Munir Ahmed said at a webinar that Pakistan’s Failure to advance gas pipeline projects has sparked national and international concerns. Iran sleeves up to drag Pakistan into the Internal Court of Justice (ICJ) by September 2024 for a $18 billion penalty. TAPI dusting the shelves for three year after a comprehensive feasibility report was approved. Russia is also uncomfortable with Pakistan’s snag. Islamabad – (March 30, 2024) The experts have shown grave concerns on Pakistan’s snag on the interstate gas pipeline projects as…

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Govt will offer competitive tariff to textile sector . Minister Power

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textile-export

Minister for Power Sardar Awais Ahmad Khan, engaged in a dialogue with a delegation from the All Pakistan Textile Mills Association (APTMA). During this meeting, APTMA officials expressed their concerns regarding the dwindling exports within the textile sector, which has led to rising issues like unemployment and poverty. In response, the Minister reassured the delegation of the Government’s unwavering commitment to providing substantial support to the textile industry. He mentioned ongoing efforts towards the implementation of a comprehensive wheeling policy, which is expected to significantly boost exports. Furthermore, the Minister…

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CM Sindh, WB Country Chief discusses progress of $3.2bn 13 projectsBuilding Jam Sadiq bridge for Yellow Line BRT to sped up

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CM-Sindh

KARACHI (April 3): The Chief Minister of Sindh, Syed Murad Ali Shah, met with a team from the World Bank, led by Country Director Mr. Najy Benhassine and discussed the progress of 13 active projects worth $3.2 billion that are being assisted by the World Bank.So far, 40 per cent or $1.33 billion has been disbursed and they agreed to speed up the work on these projects by removing bottlenecks to ensure their timely completion.The meeting was attended by provincial ministers- Dr Azra Pechuho, Nasir Shah, Saeed Ghani, Mohammad Bux…

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Qatar Prepares To Dominate The LNG Export Market

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Pakistan-LNG

Qatar is backing up its massive LNG expansion plans with new orders to charter dozens of new ships as the tiny Gulf gas producer aims to solidify its dominance in the global LNG export market.   Last year, the United States overtook Qatar as the world’s largest LNG exporter, but Qatar has a huge expansion program underway to boost its export capacity by 85% from current levels by 2030. As the U.S. paused permit approvals for new LNG export projects earlier this year, adding uncertainty about the outlook for U.S. supply from…

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